Bears are firmly in control of several high-profile names. Lucid Group short interest hit 50.3% of free float — up 14.5 points in seven days. Wolfspeed sits at 83.6% SI, with zero shares available to borrow. A squeeze there could be sharp. Hertz shorts added pressure too. SI climbed to 67.1% after the stock lost 61% over three months.
In chips, options traders are hedging hard. NVDA leads all large-caps in bearish put volume this week. AMD and Micron follow. Both have rallied over 140% year-to-date — making them natural targets for defensive positions. The US-China AI cooperation impasse adds to the uncertainty around semiconductor names.
RBC Capital raised targets on two major miners today. Newmont got a $20 lift to $155. Freeport-McMoRan was bumped to $85 from $73. Short interest on both is minimal. The analyst upgrades signal growing confidence in precious and base metals heading into year-end.
Lennar reported Q3 results today. Bears held firm after the print — short sellers are not stepping back despite the earnings release. Investors will watch KB Home and AutoZone next week for further signals on consumer and housing health.
Uber COO Andrew MacDonald filed a $5.3M open-market purchase — no 10b5-1 plan attached. That is a clear discretionary signal. Two directors at Cybin also bought $1.2M each in coordinated trades, reinforcing insider confidence at the psychedelic medicine firm.
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.
