Bears Pile Into Grindr and Lucid

Short sellers have been active across several notable names this week. Two mid-cap stocks stand out for fresh bear positioning, while a Russell rebalance adds a wild card to the mix.

GRND saw the biggest meaningful SI jump among stocks with market caps above $500M. Short interest rose 8 percentage points in seven days, reaching 21.7% of free float. Shares available to borrow remain plentiful at 112% of short interest, suggesting the position can grow further. The stock has fallen sharply in recent months and bears appear to see more downside.

LQDA also attracted fresh short attention. SI climbed 8.2 points to 26.7% of free float. The pharma name is in the crosshairs despite a $4B market cap, with availability at a comfortable 410%.

On the other side, shorts are covering in GLOB and PCRX. Globant's SI dropped 9.3 points to 21.7% of FF. Pacira's fell 9.2 points to 9.6%.

LCID remains among the most heavily shorted mid-caps. Short interest stands at 65.3% of free float. Availability has collapsed to just 0.2%, making new short positions almost impossible to build. Cost to borrow is 16.1%. Shares are down 58% over three months.

TWST carries 15.9% SI but faces a different pressure. ORTEX Index Rebalance Radar puts the odds of a Russell 2000 deletion at 55%, up from 20% overnight. If it crosses the exit line at $162.62, that could force $529M of buying into the stock.

HTZ remains in the top tier of heavily shorted names. SI sits at 73.1% of free float with a cost to borrow of 32.2%. Zero shares are currently available to lend.