Edited by Peter Hillerberg1 min readStories are generated from ORTEX data and reviewed by the ORTEX team. How we publish
Short sellers cut their RDDT position this week. Reddit's short interest as a percentage of free float fell from 16.1% on September 29 to 15.2% by October 8. The stock's S&P 500 inclusion appears to be squeezing bears out steadily. Availability stands at a very comfortable 290%, meaning plenty of stock remains to borrow for those still betting against it.
The week's sharpest rise belongs to MMED (MiniMed Group). Short interest hit 102.9% of free float, up 24 percentage points in seven days. That is not a misprint. Cost to borrow has climbed to 43% APR. Availability has collapsed to just 1.1%. Bears are paying heavily to stay in.
WOLF (Wolfspeed) also drew fresh attention from short sellers. The chipmaker's SI % FF rose another 3.7 points to 84.2%, with 11.3 days to cover. The semiconductor ETF SOXX saw put activity climb sharply as the broader chip sector sold off over 5% this week.
HTZ (Hertz) remains one of the most-watched shorts. At 71.7% of free float with 7.8 days to cover, its earnings print in roughly 25 days is circled on every bear's calendar.
On the covering side, CHWY (Chewy) shorts retreated 2.3 points to 65.9% of free float. EROC (ERock) saw a 3.4-point drop, though it remains heavily shorted at 68.1%.
GME (GameStop) is drawing fresh discussion on social platforms. Bears are reportedly rebuilding positions after an overbought signal, keeping it in the spotlight for retail traders watching for squeeze setups.
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.
