Bears Circle AI Cloud, EVs, and Beaten-Down Names

Short sellers added to positions across several high-profile names this week, with CoreWeave drawing the most attention among larger stocks.

CoreWeave's SI % of Free Float rose to 24.8%, up 3.6 points in seven days. The AI cloud provider sits at $25B market cap and has become a key battleground for bears questioning AI infrastructure valuations ahead of a packed Big Tech earnings week including Microsoft, Alphabet, Meta, and Amazon.

EV names remain deeply in bearish crosshairs. Lucid Group stands at 64.7% SI % FF with zero shares available to borrow. Wolfspeed is even higher at 83.8%, also with no availability. ORTEX alt data adds context: US plug-in EV registrations hit a four-year July low of just 21,482 units, reinforcing the structural doubts bears are pricing in.

Hertz carries one of the most extreme readings in the market: 72.3% SI % FF with a cost to borrow of 190%. Shares available to borrow: zero.

Among the week's fastest movers, Telesat jumped 7.4 points to 49.8% SI % FF. Better Home & Finance rose 5.4 points to 50.7%, with CTB at 121% and no shares left to borrow.

1-800-Flowers sits at 78.4% SI % FF with 25 days to cover. The short score of 84.7 puts it among the most crowded bearish trades in the US market right now.