Bears Pile In: Hertz and Wolfspeed Heat Up

Short sellers are sharpening their focus on two battered names this week. Hertz and Wolfspeed top the list of biggest SI movers over the last seven days.

Hertz climbs to 67.5% SI — up nearly 3 points in a week. The rental car company has seen its short position balloon from around 36% in June to nearly 68% now. Availability sits at zero, meaning shares to borrow are effectively gone.

Wolfspeed, the troubled SiC chipmaker, sits at 81% SI % of FF. It added nearly 4 points in seven days. WOLF peaked above 106% short interest in early July before retreating. Bears are rebuilding positions.

EverCommerce carries the highest short score at 95 out of 100. Its cost to borrow hit 47.5% APR — a sign of intense demand to short the software firm. Only 6.6% availability remains.

In the extreme-SI bucket, MicroVision still reads 197% SI of free float. That's down sharply from above 260% in late July. Short covering or float changes may explain the drop — worth watching.

Chewy is a standout contrarian case. SI sits at 107% of FF, yet availability is 430%. Bears are piling in, but plenty of lendable stock remains — no squeeze pressure yet.

MGM Resorts added 2.2 points this week to 13% SI. Casino sentiment appears to be souring.

This is not financial advice.