Bears Pile Into CoreWeave as HTZ Burns Short Sellers

Short sellers added to positions in CoreWeave this week. Short interest hit 24.1% of free float, up 3.7 percentage points in seven days. The AI cloud infrastructure firm has attracted growing skepticism despite its mega-cap status. Bearish macro commentary linking it to stock market crash fears circulated on social media this week.

Hertz remains one of the most painful shorts on the market. Its cost to borrow stands at 166% APR. Short interest is 72.8% of free float, with zero shares available to borrow. That combination makes holding a short position extremely expensive.

EverCommerce carries the highest short score on ORTEX at 96.0. Its cost to borrow is 94%, and availability sits at just 7.5% of short interest. Days to cover is nearly 24. That signals very limited room for new short sellers to enter.

Levi Strauss saw a sharp 7-day rise. Short interest jumped 2.7 percentage points to 11.7% of FF. The move comes as apparel demand signals remain mixed.

Chewy still leads all large-cap names with 88.6% of free float shorted. That reading actually fell 3.6 points over the week, the biggest cover among US names over $500M. With availability at 534%, there are plenty of shares to borrow if bearish conviction returns.

On the Kenvue front, ORTEX Index Rebalance Radar flags a 93% probability that KVUE exits the S&P 500 following Kimberly-Clark's acquisition. That would force $1.5 billion of index selling, equivalent to 3.4 days of normal volume.