CAR Avis Budget SI jumped 2.2 points in three days hitting 69.6% of free float. The $5.2B rental car giant absorbed fresh short pressure despite surging 12.5% over three months. Bears showed extreme conviction with 19.4 days to cover.
COCO Vita Coco saw SI spike 3.3 points to 14.6% marking the largest three-day increase among billion-dollar names. The $2.7B beverage maker faced sudden bearish sentiment shift as shorts piled in.
BBY Best Buy SI dropped 2.5 points to 11.5% as bears retreated from the $13B electronics retailer. HPE Hewlett Packard Enterprise saw SI fall 2.2 points to 5.7% showing tech short covering accelerated.
TNGX Tango Therapeutics topped extremes at 64% SI despite soaring 122% in three months. The $2.7B biotech held massive short bets while cost to borrow stayed below 1%. HTZ Hertz remained pinned at 49.5% with brutal 18.8 days to cover.
Tesla grabbed headlines as Elon Musk hyped SpaceX IPO plans discussing light-speed alien planet travel. Market chatter intensified around the EV maker while broader defensive rotation persisted amid Iran war entering day 19.
FOUR Shift4 Payments faced 37% SI with 13.6% cost to borrow showing extreme borrowing costs.
ORTEX Market Intelligence content is generated by AI from a snapshot of ORTEX's proprietary data. Content is informational only and does not constitute investment advice.
