Edited by Peter Hillerberg1 min readStories are generated from ORTEX data and reviewed by the ORTEX team. How we publish
Short sellers made sharp moves last week. Two names stand out from the noise.
CHWY leads the weekly surge table. Short interest as a percentage of free float hit 87.3%, up from 67.4% just one week ago. That is a near 20 percentage point jump. The pet e-commerce retailer has shed 9% over three months. With availability at 473%, shares are still easy to borrow, suggesting the bear case has room to build further.
MDT is the bigger surprise. Short interest in Medtronic jumped from 1.6% to 10.1% of free float in a single week. The medical device giant carries a $113bn market cap, making that kind of move rare. Bears appear to be stepping up against one of the sector's stalwarts.
WOLF also saw its SI rise to 87.3% from 80.4%, cementing its place among the most shorted mid-cap names. The semiconductor company has struggled for three consecutive months, dropping 13%.
MMED sits at 89.2% SI of free float, the highest among names with a market cap above $1bn. The ORTEX short score stands at 91. Availability is near zero at 0.5%, making new short positions extremely hard to open.
On the macro front, ORTEX alt data shows Ireland recorded its biggest September car market since 2014, with battery-electric licensings up 54% year on year. That tailwind sits in contrast to the short pressure building on US consumer names.
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.
