Bears Pile Into SpaceX, Ringcentral and Hertz

Short sellers are moving fast. Data from August 6 shows some sharp positioning shifts across US equities this week.

SPCX — the listed SpaceX vehicle — saw short interest jump 3.6 points in seven days. SI now sits at 36.4% of free float. That is a significant build for one week.

RNG also drew fresh shorts. RingCentral's SI climbed from 12.3% to 15.1% of FF. That's a 2.9 point rise in seven days. FIVN (Five9) moved similarly, up 2.6 points to 14.1%.

On the extreme end, HTZ remains the most-shorted large name. Hertz sits at a staggering 66% of free float short. Zero shares are available to borrow. The stock is down 62% in three months.

SOUN (SoundHound AI) stays heavily shorted at 43% of FF. Cost to borrow is 12.7% APR. Availability is also zero — a classic short squeeze setup if sentiment flips.

EVCM tops the short score table with a 95 ORTEX score. Cost to borrow hit 46.2% APR. Only 7% availability remains. Bears are fully committed here.

MGM Resorts is a notable mover among large caps. SI rose 2 points to 13.1% this week. Semiconductor shorts also built, per ORTEX news on the SOXX ETF, as tech flows turned negative.

This is not financial advice.