Edited by Peter Hillerberg1 min readStories are generated from ORTEX data and reviewed by the ORTEX team. How we publish
Short sellers are active this week. MiniMed Group tops the movers list for mid-cap names. Its short interest jumped to 103% of free float, up from 79% just a week ago. That is a 24-point rise in seven days. The ORTEX short score sits at 91.7, and availability of shares to borrow is virtually zero at 1.1%. A squeeze here would be painful for bears.
Wolfspeed holds at 84% of free float shorted, adding another 3.7 points on the week. Shares available to borrow have dried up entirely. The semiconductor name has shed 13% over three months and bears are not backing off.
EverCommerce carries the highest short score in the large-cap screen at 95.8. Cost to borrow is 239% APR and only 1.3% of short interest has shares available. That is an extremely crowded trade.
Medtronic is a notable new mover. Short interest rose 3 points to 4.6% of free float in a week. For a mega-cap medical device name, that move stands out.
Xcel Energy is drawing attention beyond just short sellers. ORTEX Alt Data shows its reactor output fell 10 standard deviations below its own history as of October 10, one of the most extreme nuclear output readings on record. Bears and options traders are watching the stock closely after that reading.
Rubrik features across multiple high-impact stories this week. ORTEX Index Rebalance Radar puts its MSCI World addition odds at 91%, with $990M of forced buying potentially coming on November 30.
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.
