Short sellers made big moves this week. The data shows fresh pressure building on some names while bears rushed to cover others.
DKS — DICK'S Sporting Goods — is the headline story. The stock crashed 31% after an earnings miss and analyst downgrades. Short interest now sits at 10.4% of free float. Bears were quick to bank profits, with SI falling 6.9% in a single day. Telsey Advisory Group cut the stock to Market Perform. Morgan Stanley trimmed its target to $180.
On the other side, new shorts are piling in fast. KVYO — Klaviyo — saw SI jump 6.6 percentage points in seven days. It now sits at 20.1% of free float. SPB — Spectrum Brands — added 9.1 points of short interest this week. That puts it at 22.3% of free float.
CHWY — Chewy — saw the biggest short covering. SI dropped 12.3 points to 48.6% of FF. Bears appear to be capitulating on a stock with strong retail following.
WOLF leads all stocks with 72.8% SI of free float. That figure fell nearly 11 points this week — suggesting short sellers are locking in gains on the beaten-down chipmaker.
EVCM carries the highest short score at 93.6. Its cost to borrow is a punishing 38.3% APR.
LB — LandBridge — is a name to watch. Utilization hit 94.25%, near its 52-week high. Availability of shares to borrow has collapsed to just 6.6%.
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.
