Bears Press Hard on EVs and Chips This Friday

Short sellers are piling into electric vehicle and semiconductor names as November begins. Data from ORTEX as of 4 November tells a clear story: positions are rising fast in stocks already under heavy pressure.

WOLF sits at 87.5% short interest as a percentage of free float. That figure has climbed 6 percentage points over the past 30 days. Days to cover stands at 10.6. The semiconductor firm has shed nearly 10% over three months, and bears show no sign of retreating.

LCID tells a similar story. Short interest at Lucid Group reached 66% of free float, up 7 points over the same period. Cost to borrow is 15.6% APR. The stock is down 50% over three months, yet fresh short positions keep arriving.

The most striking cost to borrow reading belongs to HTZ. Hertz carries a CTB of 317% APR, one of the highest in the market. Short interest stands at 73.5% of free float. The stock has rallied 45% over three months, which raises squeeze risk.

SGML, Sigma Lithium, saw the sharpest 30-day jump among mid-caps: short interest rose 10 percentage points to 16.3% of free float. Bearish pressure on lithium names reflects ongoing concern over EV demand.

EVCM, EverCommerce, carries an ORTEX short score of 97 out of 100. Its CTB is 81% APR and availability is below 2%. That combination makes fresh short entry expensive and squeeze pressure elevated.

On the index radar, SharkNinja's S&P 500 addition odds jumped overnight from 39% to 64%, which could trigger $4.1 billion of forced buying on 18 December at nearly 18 times normal volume, per ORTEX Index Rebalance Radar.