Short sellers were busy this week. ORTEX data as of August 27 shows some sharp moves across the market.
CAPR saw the biggest surge. Short Interest jumped to 45.6% of free float — up 9.2 percentage points in just seven days. The biotech has a cost to borrow of 8.2%. Availability sits at just 32%. Bears are crowding in fast.
KVYO was another notable mover. Short interest in Klaviyo rose nearly 7 points to 19.9% of free float. Earnings are on the horizon. Options activity is heating up ahead of the print.
On the other side, CHWY saw the biggest short covering of the week. Bears pulled back 11.4 points. SI now stands at 47.6% — still elevated, but the retreat is significant. Availability is ample at 600%.
GME remains in focus on social platforms. Short interest is 14.7% of free float. One ORTEX headline flagged that the stock is heading into its Monday earnings print "stripped of its hedges." Options call volume has been surging ahead of results.
WOLF (Wolfspeed) holds one of the highest SI readings among mid-caps at 73.7% of free float. The semiconductor firm has fallen 59% over three months. Days to cover stands at nearly 7.
Among large caps, short interest remains light. NVDA, AAPL, and MSFT all sit below 1.5% of free float. Bears are avoiding the megacaps for now.
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.
