Edited by Peter Hillerberg1 min readStories are generated from ORTEX data and reviewed by the ORTEX team. How we publish
Short sellers made a notable move on MDT this past week. Medtronic's short interest jumped 3.06 percentage points to 4.57% of free float, one of the largest seven-day increases among large-cap US names. The move comes as healthcare stocks face renewed scrutiny over earnings visibility heading into Q3 reporting season.
WOLF remains one of the most heavily shorted US names. Wolfspeed sits at 84.19% of free float, up another 3.66 points over the week. The SiC chipmaker continues to attract fresh shorts despite a brutal run lower. Cost to borrow stands at 2.29%, reflecting the high but still-accessible short stock.
Chip giants look very different. NVDA has just 1.27% of its float shorted and AMD sits at 2.46%. Bears are not piling into the large-cap AI names despite a choppy week for semiconductors.
CHWY saw shorts cover modestly. Short interest fell 2.26 points to 65.95% of free float, a small retreat from persistently high levels.
SIG saw meaningful short covering too. Signet Jewelers dropped 2.44 points to 14.72% of free float, suggesting some relief for the embattled jewellery retailer.
CRSP crept higher, adding 1.53 points to 22.14% of free float, as gene-editing sceptics add to positions ahead of key clinical catalysts.
On the index radar, ACVA faces a forecast Russell 3000 deletion tied to Copart's tender offer, with an announcement possible as early as tomorrow. ORTEX Index Rebalance Radar puts completion probability at 65%.
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.
