Bears Rule EVs, Bulls Chase Tech, REITs Feel the Heat

EV Shorts Intensify

Short sellers are piling hardest into electric vehicle names. LCID short interest hit 50.1% of free float this week — up 14.6 points in seven days. HTZ sits at 67.2% short interest after falling 63% over three months. The pattern repeats across the beaten-down EV and mobility space. RIVN also appears on bearish options flow screens. Meanwhile, CHWY tops the raw short interest table at 72.6% of free float, with zero borrow availability signalling a completely locked-up trade.

Insider Confidence at Uber

Uber President and COO Andrew MacDonald bought $5.3M of UBER shares on September 4. The filing hit ORTEX on September 8. It was a discretionary open-market purchase with no 10b5-1 plan attached. That makes it a stronger signal than most insider activity seen recently.

REITs Under Pressure

Scotiabank trimmed price targets across six US REITs on Thursday. MAA took the biggest cut — down to $125 from $134. UDR, INVH, FRT, ESS, and BXP all received lower targets. The sweep reflects rising caution on real estate valuations as rate expectations shift.

UK Retail in Focus

This week's earnings calendar stretches across the Atlantic. Kingfisher and JD Sports Fashion are set to report in the UK. Both names face a tough consumer backdrop. In the US, AutoZone and KB Home headline Wednesday's packed schedule — key reads on consumer spending and housing demand.

Pharma Spike

Ultragenyx Pharmaceutical jumped after hours Thursday. Options flow on large-caps like FedEx, Mondelez, and Centene turned 100% bullish — a sharp contrast to the bearish pressure dominating the EV sector.