September is living up to its reputation as a tough month. Short sellers are pressing across tech and software simultaneously. Negative options flow is dominating. And a packed earnings calendar is raising the stakes.
KVYO is one of the clearest short-seller targets right now. Its SI % FF jumped to 19.8% from 12.9% in a single week. The stock is already down 38% year-to-date. Options flow confirms the bearish bias. In semiconductors, CRDO is seeing shorts quietly build even as bulls defend the valuation. NVDA draws the most negative options orders of any large-cap name over the past seven days. Separately, analyst Ming-Chi Kuo says Nvidia's Rubin CPX chip is back with a major redesign — a potential catalyst bears may be misjudging.
Medtronic and Dell Technologies both report today. Dell is the bigger short-interest watch. Bears hold 4.7% of free float ahead of AI server demand questions. reports Thursday. B. Riley cut its target by $103 to $413, a stark contrast to the Street's $552 average. also reports this week with analysts still scrambling to catch up to the stock price.
Scotiabank raised its PANW target 34% to $430. That signals real confidence in Palo Alto's platform durability. Meanwhile AKAM was lifted to a buy — notable given nearly 14% of its float is still short.
Swedish gaming firm EVO dominates the European insider story. Largest individual shareholder Kenneth Dart accumulated $716M in shares in late July. That compares sharply with a company-level insider selling $8.3M near the highs in August. The divergence between outside money buying dips and board-level selling into strength is one to watch.
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.
