Bears Circle CoreWeave as Porsche Shorts Build

CoreWeave has become one of the more watched names in the short seller community. Its short interest hit 24.1% of free float on 21 October. That is up nearly 4 percentage points in a single week. Cost to borrow remains cheap at 0.5%, suggesting bears have no trouble finding stock to short.

Wolfspeed is in a different league entirely. Short interest stands at 85.5% of free float. Availability has fallen to zero. That combination signals extreme crowding and potential squeeze conditions for the semiconductor firm.

Chewy carries 88.6% short interest of free float. Availability sits at a comfortable 534%, meaning supply is not yet a constraint for new short sellers.

Dr. Ing. h.c. F. Porsche AG saw short interest climb 2.8 percentage points over the past week to reach 27.1% of free float. Availability is thin at just 15%. Mercedes-Benz reports on 28 October. ORTEX leading data on Dutch car registrations, which lead Mercedes revenue by 26 days with a strong fit, show a 6% year-on-year decline for the quarter being reported.

Levi Strauss is another mover. Short interest jumped 2.7 percentage points in a week to 11.7% of free float. Apparel stocks have faced consumer pressure all year.

1-800-Flowers carries 78.3% short interest with 25 days to cover. Availability is low at 33%. That is a potential short squeeze setup heading into the holiday gifting season.

ORTEX's short score leader board is dominated by small-cap biotechs. EverCommerce scores 96 out of 100. Days to cover stretch to 24.