Edited by Peter Hillerberg1 min readStories are generated from ORTEX data and reviewed by the ORTEX team. How we publish
Short interest surged in MiniMed Group over the past week. SI hit 102.9% of free float as of October 8, up from 78.6% just seven days earlier. That 24-point jump is one of the biggest weekly moves tracked across mid-cap stocks. Availability stands at just 1.1%, meaning there is almost no supply left to borrow.
Wolfspeed remains under intense pressure. Bears hold 84.2% of its free float short, with zero shares currently available to borrow. The chipmaker has shed 13% in three months and carries a short score of 77. Days to cover stands at 11.3, a figure that could amplify any positive catalyst.
EverCommerce has the most expensive borrow on the radar right now. Its cost to borrow hit 239% APR. SI sits at 15% of free float. Bears are paying a steep price to hold that position.
On the covering side, Sun Corporation saw its SI drop more than 11 points in a week, from 30.4% to 19%. That is a notable unwind. Laurentian Bank of Canada also saw short positions fall sharply, down 4.4 points to just 1.3%.
ACV Auctions draws attention on two fronts. It features in this week's earnings news flow and faces an ORTEX-forecast Russell 3000 deletion, with $579K of forced selling expected around October 19 following Copart's cash tender. The announcement could come as soon as October 12.
Q3 earnings season opens this week. Banks and healthcare giants dominate the calendar. Short sellers appear to be positioning ahead of prints in names where borrow has dried up entirely.
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.
