Short sellers stepped up pressure across several names in the week to September 30. The clearest movers sit well away from the usual suspects.
MMED (MiniMed Group) saw the sharpest rise among mid-cap names. Short interest jumped to 76.7% of free float, up from 42.2% just seven days earlier, a 34-point swing. Borrowing costs stand at 23.8%, and available supply has all but dried up at just 0.9% of SI. That combination points to a crowded, expensive short.
LCID (Lucid Group) also attracted fresh bets. SI climbed to 58.5% of free float from 50.3% a week ago. Borrowing costs are 7.1%. The EV maker remains a magnet for skeptics as cash burn concerns persist.
GLOB (Globant) jumped to 30.4% from 20.5%. That 10-point move is notable for a mid-size IT services company with no obvious catalyst.
WOLF (Wolfspeed) stays pinned at 81.4% of free float with zero shares available to borrow. Short sellers already own the trade and cannot add more.
FLWS (1-800-Flowers) sits at 78.8% of float with 34 days to cover, one of the longest squeeze fuses in the market.
Macro backdrop: the US 10-year Treasury yield hit its highest since 2002 this week, tightening conditions for loss-making companies. That partly explains why EV and growth names are drawing fresh short interest.
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.
