Short interest across US markets showed notable shifts this week. Several large-cap names saw dramatic covering, while AI and small-cap bears piled in elsewhere.
The biggest mover among large caps was CAR (Avis Budget Group). Short interest fell sharply to 44.3% of free float from 68.7% just seven days ago — a 24-percentage-point collapse. That's one of the largest weekly covers seen among billion-dollar-plus stocks. Bears appear to be retreating fast.
PINS (Pinterest) also saw notable short covering. SI dropped from 20.6% to 14.8% of free float in a week. Sellers are leaving the trade as the stock regains favour.
On the other side, FIG (Figma) is drawing fresh shorts. SI rose to 24.9% from 18.7% last week — a 6-point jump. The design software firm only recently went public. Bears are already testing it hard.
OKLO, the nuclear microreactor play beloved by retail traders, saw SI tick up to 21.1% from 18.1%. Social media chatter around the stock remains high. Shorts are growing more aggressive.
SOUN (SoundHound AI) holds 38% short interest with a cost to borrow of over 50% — and zero shares available to borrow. A short squeeze setup is building. Every new short has nowhere to go.
Among micro-caps, ONCO (Onconetix) stands out. SI hit a staggering 214% of free float with a borrow cost of 335%. That's a fire already lit.
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.
