Edited by Peter Hillerberg1 min readStories are generated from ORTEX data and reviewed by the ORTEX team. How we publish
Short sellers made their biggest move of the week into MMED. MiniMed Group's short interest jumped to 91% of free float as of October 6, up from 74.5% just seven days earlier. That 16.5 percentage point weekly rise is the sharpest increase in the current dataset. Cost to borrow stands at 35.6% APR. Availability has nearly vanished, sitting at just 0.08% of short interest. That combination of extreme SI and near-zero availability raises squeeze risk sharply.
Power company TLN saw short interest climb from 6.6% to 11.8% of free float over the same seven days, a 5.3 point rise. Talen Energy has been linked to data-centre power demand discussions online, and the short build suggests not everyone is buying the AI-driven energy narrative.
GAP shorts added 2.6 points, taking SI to 15.2% of free float. Retail bears also added to UPBD, with Upbound Group rising to 19.5%.
On the other side, short covering emerged in CTRN. Citi Trends saw SI fall from 23.7% to 18.4%, a 5.3 point drop in a week. SIG shorts trimmed positions too, with Signet Jewelers dropping 1.9 points to 15.4%.
WOLF remains a watch name. Wolfspeed carries 81.5% SI of free float with a days-to-cover of 11.3, one of the highest among names with meaningful market caps.
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.
