Short sellers are making bold moves this week. WOLF (Wolfspeed) tops the most-shorted large caps with 85.2% of its free float sold short. That figure jumped nearly 7 percentage points in just seven days. Bears see no end to the semiconductor firm's distress.
The biggest surprise came from CHWY (Chewy). Short interest plunged from 79.2% to 66.9% in a week — a drop of 12.3 percentage points. Short covering of that scale often signals a shift in sentiment. Availability sits at 466% of short interest, leaving plenty of room for more covering.
REPL (Replimune) saw the sharpest weekly build among mid-caps. SI jumped 10.4 points to 37.9% of free float. The biotech has zero shares available to borrow relative to the new short positions being added.
ASAN (Asana) and MNDY (monday.com) both saw significant short covering. Asana shed 8.6 points to 30.3%. monday.com dropped 7.1 points to 15.2%.
CXW (CoreCivic) is a fresh bear target. SI surged from 2.4% to 10.0% in a week — a 7.6-point leap. The private prison operator drew heavy new short interest. (Galectin Therapeutics) holds the highest ORTEX short score at 90, with 77% of its float shorted and only 17% availability.
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.
