Short sellers made sharp moves this week. Wolfspeed saw the biggest cover among larger names. Its SI % FF dropped nearly 11 points in seven days — from 83.7% to 72.8%. Bears are pulling back despite the stock falling 66% over three months. Zero availability means new shorts can't get in easily.
On the other side, Spectrum Brands saw SI jump 9 points to 22.3% in the same period. Short sellers are betting against the consumer goods company as it struggles in a tough retail environment.
Marketing platform Klaviyo is also drawing fresh bearish attention. SI climbed from 13.5% to 20.1% over the week. Availability sits high at 688%, so there's room for more.
Chewy remains the big structural short in consumer e-commerce. SI stands at 48.5%, though it fell 12 points in the past week — a notable cover that could signal a squeeze setup. Availability is abundant at 607%.
NVIDIA stays unthreatened by bears. SI is just 1.2% of FF on a $5.1 trillion market cap. Shares are basically free to borrow. sits at 2.5% — also light — with Bitcoin surpassing it in market value dominating social chatter this week.
Wolfspeed remains the most heavily shorted large US semiconductor name at 73% of FF. Watch it closely.
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.
