Short sellers turned aggressive this week. Wolfspeed saw the biggest move among sizeable US names. Its short interest jumped nearly 10 percentage points in seven days. SI now stands at 49.9% of free float — nearly half the tradeable stock is sold short. The chipmaker has struggled with weak demand and heavy debt. Bears are clearly not backing off.
Telesat remains one of the most extreme short targets in the market. SI sits at 96.2% of free float, with a massive 333% availability reading — meaning lenders still have plenty of ammunition. Days to cover hit 4.4. The satellite operator faces a brutal financing backdrop.
1-800-Flowers.com carries an eye-catching 84% short interest as of April 28. That's 23.9 days to cover — the highest among names with notable recent moves. Availability is dropping, at just 85.6% of SI. A catalyst could trigger a sharp squeeze.
On the squeeze-watch front, Avis Budget Group tops the large-cap leaderboard with 69% SI and a 59% price gain over three months. Bears are underwater.
Fresh entrant Figma also caught attention. SI climbed over 6 percentage points in a week to 25.3%. The design software firm went public recently and short sellers are already circling.
Oil-sector turmoil — with Brent crude topping $110 — is adding macro pressure to energy shorts. Watch Wolfspeed and NuScale Power, both seeing rising SI amid the broader market uncertainty. SMR short interest rose to 21.7% from 17.4% in seven days.
This is not financial advice.
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.
