Bears Turn Up the Heat on Cerebras and Grindr

Short sellers added pressure across several mid-cap names this week. Data from ORTEX covering the seven days to 28 October shows the biggest moves among stocks with market caps above $500 million.

CBRS (Cerebras Systems) saw short interest climb nearly 5 percentage points to 20.2% of free float. The AI chip company went public recently and has drawn growing bear attention. GRND (Grindr) jumped 6.6 points to 20.5%. LQDA (Liquidia) rose 8.3 points to 26.8% of free float, one of the sharpest week-on-week moves among larger names.

LCID (Lucid Group) remains one of the most heavily shorted stocks with a real market. Short interest sits at 65.3% of free float, with a days-to-cover of 15. The stock has shed 57% over three months. Cost to borrow at HTZ (Hertz) is elevated at 32.2%, with 73% of float sold short.

WOLF (Wolfspeed) carries 88% of float short. Zero availability is reported, meaning shares are extremely hard to borrow.

EVCM (EverCommerce) tops the short score leaderboard among billion-dollar names at 96.9. Its cost to borrow hit 91%, with days-to-cover at 23.5.

On the index front, ORTEX Rebalance Radar flags UMBF (UMB Financial) and LTH (Life Time Group) as at risk of Russell 2000 deletion. Today is the rank date. Both carry forced selling estimates above $900 million.