Short Sellers Pile Into Grindr and AI Plays

Short sellers stepped up bets across several US names this week. The biggest mover was GRND. Grindr's SI % of free float jumped to 21.7%, up from 13.7% just seven days ago, an 8 percentage point rise.

CBRS, Cerebras Systems, saw shorts climb to 20.4% of float, up 4.6 points in a week. The AI chip company went public earlier this year and bears have kept adding.

TLN, Talen Energy, also drew fresh short interest. SI hit 10.5%, up from 6.5% a week ago, as power sector sentiment shifts.

At the extreme end, WOLF Wolfspeed sits at 88.1% of float shorted. Shares are nearly impossible to borrow, with availability near zero. HTZ Hertz holds at 73% with a cost to borrow of 32%. Both names remain under intense bear pressure.

LCID Lucid Group carries 65.3% SI % FF with a 16% cost to borrow. Shares available to borrow stand at just 0.2% of short interest, meaning a squeeze would have very few catalysts from the borrow side.

GOOGL is making headlines today after Waymo losses topped $2 billion in Q3. Alphabet faces its worst single-day drop in six years. Yet short interest remains tiny at just 1.4% of float. Bears are not chasing the selloff.

On the short squeeze side, GME shorts actually covered. SI dropped from 10.6% to 9.0% over the week.