Short sellers stepped up pressure on several names this week, with MMED and LCID seeing the sharpest moves among stocks with meaningful market caps.
MiniMed Group short interest jumped to 74.5% of free float, up from 42.1% just seven days ago. That is a 32-point swing in a week. Shares to borrow are nearly exhausted, with availability at under 1% of short interest, and cost to borrow sits at 21%. The squeeze risk here is real.
Lucid Group tells a similar story. SI hit 58.5% of free float, up 8 points week-on-week. Availability is just 0.5%, meaning shorts are running out of room. The EV maker has not escaped bearish scrutiny for months.
GameStop caught attention on social platforms this week. Its short interest rose from 0.2% to 6.7% of free float in seven days. That is a sharp reversal for a name bears had largely abandoned. With cost to borrow still cheap at 0.4% and availability at 272%, shorts have plenty of capacity to push further.
Wolfspeed remains among the most structurally shorted semiconductor names, with 81% of free float shorted and 11.4 days to cover. Its stock has dropped 36% in three months.
Groupon and Tripadvisor both saw SI climb roughly 6 to 7 points this week, reflecting continued pressure on old-economy internet names.
On the macro side, Taiwan's August export orders hit a record $103bn, nearly double the year-ago level. That data point matters for chip supply chains, though it has not stopped bears from pressing semiconductor-adjacent shorts.
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.
