Bears Retreat From Biotech, Pile Into Grindr

Short sellers made sharp moves this week. The biggest story is a wave of covering, not new bets.

Afya saw the steepest drop. SI % FF fell from 14.9% to 3.3% in seven days. That is an 11.7 percentage point retreat. Shorts are running.

Savara saw a similar exit. SI % FF dropped from 36.5% to 25.3%. Globant shed 9.3 points. Pacira BioSciences lost 9.2 points. Covering was broad across healthcare and tech names.

The flip side: new pressure arrived elsewhere. Liquidia jumped from 18.6% to 26.7%. Grindr rose from 13.7% to 21.7%. Both saw short interest climb more than 8 points in one week.

Bob's Discount Furniture also drew fresh attention. SI climbed from 25.6% to 31.1%. Retail bears are circling.

Among the highest short-score names, EverCommerce leads with a score of 96.9. Its cost to borrow sits at 92%. Availability is near zero at 0.5%. Those conditions make a squeeze possible.

Wolfspeed holds 88% SI % FF. The semiconductor name has traded sideways but bears remain heavily committed.

On the alt-data front, Zenas BioPharma's trial completion slippage moved 2.2 standard deviations faster than normal per ORTEX alt data, a rare signal of sharp schedule acceleration. Short sellers in biopharma may want to watch that one.