Edited by Peter Hillerberg1 min readStories are generated from ORTEX data and reviewed by the ORTEX team. How we publish
Short sellers piled into CHWY last week. Short interest hit 87.3% of free float on 12 October. That is up 17.5 percentage points in just seven days. Availability stands at 506%, so borrowing shares remains easy for now. Bears appear unconvinced by any near-term recovery in the pet retail space.
WOLF also drew fresh shorts. Wolfspeed's SI rose 7.6 pp to 88.9% of FF. Days to cover sits at 11.3. The semiconductor maker has shed 17% over three months, and EPS momentum is firmly negative.
MMED holds the highest SI among liquid names at 90.0%, up 10 pp on the week. The cost to borrow is 29.7% and availability is near zero, making a squeeze mechanically difficult.
MDT stands out as a surprise mover. Medtronic's SI jumped from 1.8% to 10.1% of FF in a week. That kind of step-change rarely happens in a large-cap medtech name without a catalyst.
On the other side, short sellers covered TLN. Talen Energy's SI fell nearly 6 pp to 5.7%. SWKS also saw covering, down 4 pp to 16.5%, as chip stocks broadly rebounded this week.
GM reports earnings on 20 October. A German car registration dataset tracked by ORTEX Alt Data, which has historically led GM revenue by 15 days, is running 133% above the same quarter last year across three consecutive months.
In EV names, LCID stays pinned at 61.3% SI with a 9.2 days-to-cover. Colorado battery-electric vehicle registrations rose for a fourth straight month in July, per Atlas EV Hub data, offering little relief to the short thesis just yet.
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.
