Edited by Peter Hillerberg1 min readStories are generated from ORTEX data and reviewed by the ORTEX team. How we publish
Short sellers tightened their grip on several distressed names this week. MiniMed Group stands out as the biggest mover. Its short interest leapt from 41.3% to 77.7% of free float in just two weeks, a near-doubling that puts it alongside the market's most-hated stocks.
Wolfspeed remains the dominant large-cap short. SI sits at 80.4% of FF, with zero shares available to borrow. Cost to borrow is just 2.2%, but the near-total lockout on availability tells its own story.
Hertz Global Holdings climbed to 70.2% SI % FF, up from 67.4% two weeks ago. Cost to borrow hit 9.2%. Shorts are adding despite the stock already down 17% over three months.
Groupon saw its short interest rise to 69.9% from 64.1% over the same period. The discount platform has shed 24% in three months. Bears show no sign of backing off.
Chewy offers a contrarian angle. SI dropped sharply, from above 75% in mid-September to 67.4% now. That partial short cover may reflect some cautious optimism after a rough stretch.
On the macro backdrop, US nonfarm payrolls hit a September record in 2026 at 159 million, per ORTEX Alt Data. A strong jobs number typically pressures beaten names where bulls hope for a recovery. That could be fuelling fresh short adds in MMED, HTZ and GRPN.
NVIDIA sits at just 1.3% SI % FF. Shorts have no appetite for the chip giant even as geopolitical noise around Taiwan swirls.
ORTEX Market Intelligence content is generated by AI from a snapshot of ORTEX's proprietary data and reviewed by the ORTEX team. Content is informational only and does not constitute investment advice.
