Edited by Peter Hillerberg1 min readStories are generated from ORTEX data and reviewed by the ORTEX team. How we publish
Short sellers added heavily to bets against CHWY last week. Short interest as a percentage of free float rose 17.5 points to 87.3%. That is an extraordinary level for a $4.4 billion retailer.
WOLF is another name bears refuse to leave alone. SI % FF climbed another 7.6 points to 88.9%. Availability of shares to borrow has hit zero, suggesting short positions are difficult to add further. The cost to borrow remains low at under 2%, so existing positions are cheap to hold.
MDT saw a sharp jump too. Medtronic's SI % FF rose 8.3 points to 10.1% in a single week. That is a notable move for a $117 billion medical device giant.
On the other side, shorts covered in BBNX and RWT. Beta Bionics saw SI % FF fall 10 points to 16.7%. Redwood Trust dropped nearly 7 points to 18.3%.
EVCM carries one of the highest short scores in the market at 95.6. SI % FF sits at 14.7% with a cost to borrow of 191%. Availability is near zero at 0.1%, making new short positions nearly impossible to open.
Tesla (TSLA) tells the opposite story. SI % FF is just 2.5%. Shorts have largely stepped away from the stock ahead of its earnings on 21 October. German car registration data tracked by ORTEX is running 269% above the same quarter last year, three months running, a dataset that historically leads Tesla revenue by 43 days.
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.
