Edited by Peter Hillerberg1 min readStories are generated from ORTEX data and reviewed by the ORTEX team. How we publish
Short sellers stepped up pressure on two well-known names this week. MMED (MiniMed Group) saw its short interest as a percentage of free float jump to 102.9%, up from 78.6% just seven days ago. That 24-point rise is the sharpest one-week move among US-listed stocks with market caps above $300m. Cost to borrow hit 42.7% APR and available shares to borrow sit at just 1.1% of outstanding short interest, leaving very little room for new shorts to enter.
WOLF (Wolfspeed) also attracted fresh selling. Its SI % of FF climbed to 84.2%, up from 80.5% last week. Zero shares are available to borrow. Days to cover stands at 11.3, meaning any short squeeze would be drawn out.
HTZ (Hertz) remains one of the most heavily shorted names in the market at 71.7% SI % of FF. Availability is also zero there, with cost to borrow at 10.6% APR.
On social media, META drew attention after research firm Hunterbrook disclosed a short position, citing slowing downloads for the Meta Muse app. Meta's actual short interest is just 1.4% of free float, so any squeeze risk is minimal.
EVCM (EverCommerce) carries an ORTEX short score of 96, with 22.5 days to cover and cost to borrow at 78.4% APR, one of the most expensive borrows among mid-caps right now.
Japan's machine tool orders surged 63% year-on-year in August, per ORTEX alt data, a backdrop that adds context to continued short pressure on semiconductor-adjacent names like Wolfspeed.
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.
