NKE is the standout mover this week. Short interest in Nike plummeted 82% in seven days, falling to just 0.49% of float ahead of the company's upcoming earnings. That is a sharp capitulation by bears. Availability sits at 517% of short interest, confirming there is little pressure left on the borrow.
The retreat from Nike stands in stark contrast to what is happening elsewhere. MMED (MiniMed Group) saw its SI % of free float jump from 42% to 77% in a single week. Availability is essentially zero at 0.85%, meaning new short positions are nearly impossible to establish. The cost to borrow stands at 24%. That combination screams potential squeeze.
LCID (Lucid Group) added 8 percentage points in one week to reach 58.5% of free float. Availability has collapsed to just 0.06%. Short sellers have almost no room to add further.
WOLF (Wolfspeed) carries 81% short interest with a 11-day DTC. FLWS (1-800-Flowers) holds a 34-day DTC, one of the highest in the market.
Bond markets are adding noise. US 10-year yields just hit their highest level since 2002 per FT Markets. Taiwan's August export orders hit a record $103bn, nearly doubling year-on-year, per ORTEX alt data. That backstory keeps semis in focus, and both NVDA and TSM are watching.
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.
