Bears Pile In: Wolfspeed, MGM, Conagra in Focus

Wolfspeed remains the most heavily shorted stock in the US market. Short interest sits at 88.9% of free float as of 5 November. The silicon carbide chipmaker has become a magnet for bearish positions. Cost to borrow is relatively low at 2%, suggesting shorts face no squeeze pressure yet.

Conagra Brands is the week's most notable mover among larger names. Short interest jumped to 10.9% of free float, up from 8.7% a week ago, a gain of 2.2 percentage points. Bearish bets on the packaged food group have climbed steadily through October.

MGM Resorts also drew fresh shorts. Its SI rose to 14.3% from 12.1% over the same period. The casino operator saw a persistent build across every session this week.

On the squeeze side, Whirlpool saw shorts trim exposure. SI fell from 32.1% to 30.1%, though the appliance maker remains one of the most shorted large-caps in the market.

Polestar carries the most expensive borrow at 129.9% APR. ORTEX Alt Data shows Dutch car sales running 68% below year-ago levels, a dataset that leads Polestar revenue, which may explain why bears are willing to pay up. The stock reports earnings on 12 November.

Chip stocks dominate social chatter this Saturday. Options activity in NVIDIA, AMD and Micron is elevated. Short interest in those names is low, below 3% of free float for each, so bearish options flow rather than stock lending is the preferred tool for sceptics.

US nonfarm payrolls hit a record October high of 159.3 million, keeping rate-cut odds low. That backdrop may sustain pressure on rate-sensitive shorts like Whirlpool.