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Market Commentary

Bears Circle Chewy, Wolfspeed and Lucid

By ORTEX News · Edited by , Editor, ORTEX NewsUpdated 1 min read

Produced automatically from ORTEX data and published under the ORTEX News editorial standards set by Peter Hillerberg, Editor, ORTEX News. How we publish

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Short sellers are not backing down from some of the market's most-watched names. CHWY tops the large-cap most-shorted list, with 86.5% of free float sold short as of October 23. Availability sits at 566%, meaning borrow is easy and bears face no squeeze pressure yet.

WOLF carries 84.4% short interest, with zero shares available to borrow. Days to cover stand at 9.6, a figure that makes any sharp rally painful for short holders.

EV plays remain a bearish favourite. LCID sits at 64.3% short interest with a cost to borrow of nearly 20%. That punishing borrow rate signals extreme demand for short exposure. California ZEV registrations fell 37% year-on-year in July 2026 to a three-year low of 80,392 vehicles, per ORTEX alt data, providing macro cover for the bears.

Among mid-caps, CRWV saw the biggest weekly short interest jump of any name above $500M in market cap. Short interest rose 4.5 percentage points in seven days to 25.7% of free float.

ACI also moved sharply, rising 4.4 points to 23.8%. LEVI climbed nearly 3 points to 11.6%.

SOUN carries 39.9% short interest with 9.4 days to cover. The AI voice stock has shed 28% over three months, yet bears keep adding.

Stocks in this article

How this article was generated

Generated
26 Oct 2026, 12:02
Prompt version
v1.0
Data sources
Short interestCost to borrowUtilizationAlt DataIndex Rebalance

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.