Short sellers made bold moves this week. Three names stand out for speed and scale of change.
CHWY leads the movers. Short interest hit 51.3% of free float on September 7. That is up 4.4 percentage points in just seven days. Earnings are due imminently. News suggests the stock could swing $1 billion in value on the print. Bears are clearly positioned for disappointment.
KNX saw the single biggest weekly jump. SI % FF nearly doubled, rising almost 5 points to 10.9%. Knight-Swift is a bellwether for US freight. Short sellers appear to be betting the trucking recovery is losing steam.
Student loan company SLM also drew fresh shorts. SI climbed 4.6 points to 14.2% of float in one week.
On the persistent shorts list, WOLF remains extreme. Wolfspeed sits at 74.8% SI % FF. Bears added another 3.1 points this week. Zero shares are available to borrow. That squeeze risk is real.
HTZ also shows zero availability with 62.4% of float shorted. Hertz has dropped 55% in three months.
Geopolitical risk is rising fast. US strikes on Iranian tankers dominated headlines tonight. Oil-linked names and defence stocks may see fresh short interest pressure early next week.
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.
