Short Sellers Pile Into AI and Pharma

Short sellers are moving fast this week. The biggest jump among large-cap names belongs to LQDA (Liquidia Corporation). Its SI % FF rose to 26.6%, up 8.1 percentage points in seven days. That is a sharp escalation for a $4 billion biotech.

CBRS (Cerebras Systems) also saw a notable build. SI % FF climbed from 14.9% to 20.1% in a week. The AI chipmaker has drawn fresh short interest even as chip stocks remain in volatile territory, with CNBC reporting S&P 500 and Nasdaq closing lower as a chip rebound stalled.

GRND (Grindr) moved to 19.4% SI % FF, up 4.9 points over the period.

On the other side, PCRX (Pacira BioSciences) saw shorts exit hard. SI % FF fell from 18.6% to 9.6%, a drop of 9 points, freeing up squeeze pressure. XNCR (Xencor) shed 7.6 points to reach 22.6%.

WOLF (Wolfspeed) remains the standout perma-bear target. SI % FF sits at 88.6% with zero availability and a cost to borrow of just 2%. HTZ (Hertz) stays extreme too, at 73.5% SI % FF and a cost to borrow of 150%.

India's October car registrations hit a record low since 2017 at just 85,038 units. That is a signal worth watching for any auto-exposed names heading into earnings season.