Edited by Peter Hillerberg1 min readStories are generated from ORTEX data and reviewed by the ORTEX team. How we publish
Short sellers have been busy this week. Chewy saw the biggest move among mid- and large-caps. Its short interest jumped nearly 20 percentage points in seven days to 87.3% of free float as of 9 October. That is a striking build for a $4.3bn retailer, and availability sits at 473% of SI, suggesting fresh shorts can still get in easily.
Medtronic was the other standout. Short interest climbed 8.5 percentage points to 10.1% of free float. That is a large swing for a blue-chip med-tech name and worth watching ahead of any earnings catalyst.
MiniMed Group already carries the highest short score on ORTEX at 90.7 and an SI of 89.2% of free float. Bears added another 11.5 points last week. Availability is nearly zero at 0.5%, meaning the squeeze risk is real.
Wolfspeed sits at 87.3% SI with 6.9 points added over the week. The semiconductor stock has shed 17% in three months and carries 11 days to cover.
On the other side, Sunshine Silver Mining saw shorts cover aggressively. Its SI fell 15.6 points to 9.8% of free float over seven days.
EverCommerce holds an ORTEX short score of 95.5 with a cost to borrow at 182% APR and availability at just 3.7%. Borrow is scarce and expensive, a combination that has preceded squeezes before.
Markets face a hard index deadline this weekend. ORTEX's Index Rebalance Radar puts Flutter Entertainment and Mid-America Apartment Communities at 86% and 84% probability of MSCI World deletion at the 19 October cut-off, with $589M and $761M of forced selling at stake respectively.
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.
