lululemon athletica is today's single most crowded bearish trade. Short interest sits at 9.9% of free float. Twin analyst downgrades landed from Morgan Stanley and B of A Securities, with targets cut to $83 and $122 respectively. Options flow turned aggressively negative. The stock is already down 41.4% year-to-date. Bears are not just nibbling — they are pressing from every angle at once.
Beyond LULU, shorts made bold moves across several names. Wix.com saw its SI % of FF jump 6.2 points in a week to 17.8%. Chewy sits at an extreme 52.3% short interest. Borrowing shares there remains easy, with availability at 544% of short interest. GameStop is back in focus too. Short score stands at 80.8 and days to cover hits 25.1 — squeeze risk is real.
Bill Gates filed $241 million in fresh purchases of stock this week. The buys span August 28 through September 2. On the other side, Executive Chairman Ronald Tutor sold $198 million of his own stock on August 31. An director also filed an $98 million sale. Large insider sales dominated filings this week.
Thursday is the week's key date. Oracle and Adobe both report after the close on September 10. Oracle carries a $444 billion market cap with just 2.9% short interest. Adobe is one of the most watched AI software stories this cycle. RH also reports Thursday, closely tied to housing sentiment.
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.
