Options traders are showing clear bearish bias on several names heading into the week. Short interest data from ORTEX reveals where the real conviction sits — and it points to pain in a handful of beaten-down stocks.
Wolfspeed stands out as the most extreme case. Short interest sits at a massive 75.3% of free float. Borrow availability has hit zero. That means no shares are available to initiate new short positions. Bears are locked in — and longs know it.
Chewy carries 52.3% of its float short. ORTEX flagged bears piling back into the pet retailer this week. The short score of 55.6 reflects elevated bearish pressure. Analysts still see 28% upside. That gap between analyst optimism and short seller pessimism creates a binary setup heading into its next earnings call.
Wix.com is down 26.6% year-to-date. Short interest stands at 17.8% of free float. The ORTEX short score of 69.6 puts it firmly in bear territory. With availability at just 104% of short interest, new shorts are still possible — but barely.
Oracle tells a different story. It reports earnings this week with short interest at just 2.9% of free float. Analysts see 52% upside from current levels. Oracle is down 18.5% year-to-date. Options activity around the print will be closely watched.
GameStop sits at 10.3% short interest — not extreme, but notable given it features in this week's high-impact earnings calendar. Cost to borrow is less than 1%, suggesting bears face minimal friction.
The broader market shows semiconductors dominating positive options flow. Micron Technology leads with an ORTEX stock score of 90.3. The chip sector continues to attract bullish bets despite macro headwinds from Japan bond volatility and rising energy costs in Europe.
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.
