CAR Avis Budget absorbed fresh short selling pressure this week. SI jumped 6.5 points in three days hitting 92.7% of free float. The $15.7B rental giant climbed over 254% in three months triggering massive skepticism.
FT reported investors nursing losses after a "short squeeze" at the car rental group. The stock soared over 400% echoing Wall Street's 2021 meme stock craze before recent volatility. Bears held just 8.8 days to cover despite extreme positioning.
WOLF Wolfspeed drew heavy shorting this week. SI surged 6.3 points in seven days reaching 45.8%. The $1.3B chip maker climbed 53% in three months yet cost to borrow stayed low at 1.5%.
KALV KalVista Pharmaceuticals hit 71.6% SI adding 4 points weekly. The $1B biotech rose 19% in three months with 18.3 days to cover showing extreme bear conviction. Analysts projected 80% upside despite heavy short bets.
LCID Lucid Group SI climbed to 33.4% up 3.7 points in seven days. The $2.5B EV maker faced persistent skepticism as bears piled in. TNGX Tango Therapeutics held 55.7% SI despite surging 121% in three months.
CNA CNA Financial SI spiked 3.3 points weekly hitting 14.1% as insurers faced scrutiny. The $13B carrier showed sudden bearish sentiment shift.
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