Bears Pile Into Wolfspeed and Hertz

Short sellers stepped up pressure on WOLF this week. Wolfspeed's short interest hit 81.1% of free float as of August 7. That's up from 77.2% just seven days earlier — a 3.9 percentage point jump. Shares availability has fallen to zero, meaning borrowing new shares is virtually impossible.

HTZ is also firmly in the bears' sights. Hertz short interest stands at 67.5% of FF, up 2.9 points over the week. The rental-car group has struggled with its EV fleet pivot, and short sellers are not letting up.

Casino giant MGM saw shorts add 2.2 points in a week, taking SI to 13.1% of FF. That's notable for a large-cap name with an $11B market cap.

GALT remains a squeeze watch. Galectin Therapeutics carries 77.3% short interest of FF, a short score of 90, and only 17% availability. Stock is up 64% over three months — bears are under real pressure.

EVCM tops the short score rankings at 95 out of 100. Its cost to borrow is 47.5% APR and availability sits at just 6.6%. Days to cover are 23 — a squeeze setup if sentiment flips.

LUCK ranks second on short score at 94, with 23 DTC and a 23% cost to borrow. Short sellers appear convinced the bowling-alley operator's decline will continue.

Five9 (FIVN) added 2.5 points of short interest this week to reach 14.1% of FF. The cloud contact-centre software firm faces AI disruption fears — shorts are clearly watching closely.