Short sellers made fresh moves this week. TENB (Tenable Holdings) saw the biggest short interest jump among mid-cap US names. SI climbed to 13.8% of free float, up from 9.1% just seven days ago — a 4.7 percentage point surge. Bears appear unconvinced by the cybersecurity firm's recent momentum.
WOLF (Wolfspeed) remains one of the most shorted names on US markets. SI sits at 73.3% of free float. Availability is near zero, meaning borrowing shares is almost impossible. The chipmaker has dropped 57% in three months. No relief in sight for bulls.
EVCM (EverCommerce) leads on short score among $1B+ stocks. It carries a 94.5 ORTEX short score with a cost to borrow of 36.4% APR — a sign lenders see serious squeeze risk. Days to cover hits 20.4 — a very crowded trade.
On the unwind side, SPB (Spectrum Brands) saw short interest drop 3.8 points to 18.5% FF. ANF (Abercrombie & Fitch) shed 2.1 points to 7.3% — shorts are retreating there.
GTLB (GitLab) is in the news today. William Blair flipped from Underperform to Market Perform after a 31% monthly rally. SI sits at 11% of free float, with availability very high — little short conviction remains. AMC also grabbed headlines as Macquarie raised its target to $3, though short interest remains modest at 4.9% FF.
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.
