Bears Circle Grindr, Cerebras and Wolfspeed

Short sellers have been busy this week. Data as of 28 October shows several notable moves in both established and newly listed names.

GRND saw the sharpest rise among larger stocks. Its short interest jumped to 20.5% of free float, up from 13.9% a week ago, a gain of 6.6 percentage points. The social platform stock has attracted fresh bearish attention even as shares hold up.

AI chip company CBRS also drew new short sellers. Short interest climbed to 20.2% of FF from 15.2% seven days prior. Cerebras listed recently and bears are building positions quickly.

Power generator TLN saw SI nearly double in a week, rising from 6.2% to 10.7% of free float. Talen has a $16.6bn market cap, making this a meaningful bearish bet. Availability stands at 534%, so shares are easy to borrow.

WOLF remains one of the most structurally shorted stocks. Wolfspeed sits at 88.3% SI of FF. Availability is 0%. There are simply no shares left to borrow.

EVCM carries the highest short score on ORTEX at 97. Cost to borrow runs at 78%, signalling intense short-side demand in the software name.

LUCK rounds out the watch list. Lucky Strike Entertainment sits at 17.8% SI of FF with a 26.7% cost to borrow and is down 42% over three months.