Short sellers sharpened their bets last week. Data from ORTEX as of September 24 shows some striking moves across US equities.
MMED (MiniMed Group) saw the most dramatic shift among larger names. Its short interest as a % of free float jumped from 38.5% to 68.3% in just seven days. Cost to borrow stands at 18.2% and availability is a razor-thin 2.3% — short squeeze fuel is building.
SPCX (Space Exploration Technologies) now shows SI at 30.6% of FF, up from 20.7% a week ago — a 10-point rise. The stock commands enormous social media attention and remains heavily watched.
WOLF (Wolfspeed) sits at 80.4% SI of FF with zero availability. HTZ (Hertz) holds at 70.7% — also with zero availability — after a 34% three-month price drop.
EVCM (EverCommerce) carries a stunning 106% cost to borrow — one of the highest in the market. Short interest is 15.1% of FF, with almost no availability at 0.4%.
LCID (Lucid Group) remains heavily shorted at 58% of FF. Bears see no signs of letting go.
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.
