Short sellers made bold moves this week. REPL saw the biggest jump — SI % of FF leapt from 32% to 43% in just seven days, a near-11 percentage point surge. Bears are clearly sceptical after Replimune Group's stock nearly tripled over three months.
Wolfspeed remains deep in the crosshairs. SI sits at 85% of free float — up another 4 points this week — and shares have lost half their value in three months. Cost to borrow runs at 3.9%.
CoreCivic was the surprise mover. SI jumped almost 8 points in a week to 10%. That's a rapid build from a low base. Shorts are betting hard against the private prison operator.
On the squeeze side, Chewy saw the biggest short cover. SI plunged 20 points to 94%. Still extreme — but the direction matters. Asana and monday.com also saw sharp reductions of roughly 9 and 7 points respectively. Both software names had been heavy short targets.
SpaceX is drawing attention too. SI fell 11.5 points to 23%, suggesting some bears are bailing. EverCommerce leads on ORTEX short score with a reading near 94 — and carries a sky-high cost to borrow of nearly 40%.
Hertz stays a favourite for short sellers. Days to cover sits at 13.5 with SI at 69% of float and zero availability left to borrow.
This note is for informational purposes only and does not constitute financial advice.
ORTEX Market Intelligence content is generated by AI from a snapshot of ORTEX's proprietary data. Content is informational only and does not constitute investment advice.
