Short sellers had a busy week. Wolfspeed (WOLF) remains the most-shorted US stock above $500M market cap. Its SI hit 85.2% of free float as of August 13. That's up another 6.9 percentage points in just seven days. Zero shares are available to borrow. The stock is down 49% over three months.
Lucky Strike Entertainment tops the short score rankings with a reading of 94. Its cost to borrow sits at a punishing 30% APR — a signal bears are paying heavily to stay short.
On the squeeze side, Chewy saw its SI drop sharply. It fell from 78.7% to 66.4% of free float in a week — the biggest unwind among larger US names. Bears are backing off despite sky-high short interest still remaining. Availability is extremely high at 466%, so new shorts can still pile in easily.
CoreCivic is a new mover worth watching. Its SI jumped from 2.3% to 10% of free float in seven days. The private prison operator was mentioned in a high-impact market note this week.
Replimune saw short interest climb to of free float, up 10.4 points in a week. Availability is extremely high at over 1,200%, meaning this trade is crowded but not squeezed yet.
Macro noise — Iran tensions, chip stock volatility — kept sentiment fragile. Berkshire's disclosed Alphabet stake grab lit up newsfeeds, but short sellers stayed defensive across the board.
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.
