Short sellers have been busy this week. The biggest mover was MMED (MiniMed Group), where short interest as a percentage of free float jumped from 42% to 74.5% in just seven days. That is a 32-point swing. Availability sits at less than 1% of short interest. Borrowing costs are running at 20.9% APR.
WOLF (Wolfspeed) remains a favourite target. Short interest stands at 81% of free float. Zero shares are available to borrow. Days to cover runs above 11. Bears are not backing away despite the semiconductor maker's deep decline.
LCID (Lucid Group) also saw shorts add pressure, with its SI % of FF rising over 8 points to 58.5%. Less than 1% availability means new positions are almost impossible to open. EV bears are clearly not done.
Then there is GME. GameStop's short interest leapt from just 0.2% to 6.7% of free float in a week. That is an unusual build given the stock's $12bn market cap and Reddit-driven history. With availability at 272% of short interest, there is plenty of room to add more.
GRPN (Groupon) also climbed, hitting 71% SI % FF with DTC of over 9 days and thin availability at 7.9%.
Bond markets resumed selling after strong US data. Treasury yields rose further as GDP estimates were revised upward. That macro backdrop is keeping pressure on rate-sensitive names.
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.
