Short Squeeze Watch: Hertz, GME Heat Up

Short sellers are piling into beaten-down names this week. Hertz leads the charge with SI % FF jumping to 69.6% — up 5.3 percentage points in just seven days. The car rental giant has shed 66% over the past three months. Zero shares are available to borrow. That's a powder keg.

GameStop is back on the radar. SI hit 15.7% of free float, up 2 percentage points week-on-week. The meme stock classic is drawing fresh bearish attention, though its cost to borrow remains cheap at just 0.70% — suggesting short sellers aren't squeezed yet.

EverCommerce carries the highest short score among large-caps at 95. Cost to borrow is a punishing 49%. Only 6.6% of short interest has available shares to cover. That's extreme.

Chewy remains the most shorted name by SI % FF at 108.6%, but shorts are actually retreating — SI fell 6.5 points this week. That's the biggest cover of the week. A quiet squeeze may already be underway.

SoundHound AI sits at 42.9% SI % FF with a cost to borrow of 11.9%. Bears remain committed to the AI audio play despite its $3.5B market cap.

MGM Resorts is a surprise mover — SI climbed 2.4 points to 13.6% with no obvious catalyst. Worth watching.