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Short sellers are active this week. Data from ORTEX as of August 20 reveals sharp moves in several names, with RDDT and CHTR leading the charge.
Reddit saw its SI % FF climb to 17.6%, up from 13.5% just seven days ago. That's a 4.1 percentage point surge. With NVDA's earnings looming and tech sentiment fragile, short sellers appear to be targeting high-multiple growth names aggressively.
Charter Communications now sits at , up nearly 3 points on the week. Availability of shares to borrow has dropped to just 48%. That tightening supply could create a squeeze setup if sentiment reverses.
Wolfspeed remains the most distressed large name. SI % FF stands at 83.4% with availability at 0%. The semiconductor firm has shed 62% in three months. Shorts are locked in, but so is the risk.
Lucky Strike Entertainment carries a 30.5% cost to borrow — the highest among liquid names. Short score sits at 94.6. That signals extreme bearish pressure but warns of squeeze potential.
Hertz also keeps bears busy: 62.5% SI % FF with zero shares available to borrow. This is not financial advice.
ORTEX Market Intelligence content is generated by AI from a snapshot of ORTEX's proprietary data and reviewed by the ORTEX team. Content is informational only and does not constitute investment advice.