Short sellers stepped up bets against RDDT this week. Reddit's short interest jumped to 17.4% of free float — up from 13.8% just seven days ago. That's a 3.6 percentage point swing in a week. The stock has a $22B market cap. Availability sits at 274%, so there's plenty of room to add more shorts.
WOLF remains the most heavily shorted large-cap name in the US. Wolfspeed's short interest hit 78.3% of FF. The SiC chipmaker has shed 65% over three months. Availability is zero — meaning existing shorts are fully locked in with no new borrow available.
EVCM tops the short score rankings with a score of 93.8. Cost to borrow is 39% APR. That's punishing for bears holding the position over time.
PURR saw the biggest single-week SI jump in the dataset — up 9.85 percentage points to 27.2% FF. That's an eye-catching move for a $1.4B market-cap name.
On the cover side, CBRS saw shorts cut positions sharply. Cerebras Systems' SI fell to 11.7% FF. (SpaceX) also saw covering, dropping 2.7 points to 16.9%.
CHWY carries a notable 59% short interest with availability above 597%. Bears can still add freely. SOUN at 40% FF and a CTB of 8.2% remains a crowded and costly short in the AI audio space.
This is not 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.
