Short sellers made bold moves last week. Data as of April 30 shows sharp increases for several names — and dramatic exits in others.
Figma leads the fresh-money movers. Its SI % of FF jumped 6.2 percentage points in one week to 24.9%. The design software firm, still relatively new to public markets, is drawing heavy scepticism from bears.
Sable Offshore saw shorts add another 5.8pp in a week. SI now sits at 38.7% of free float. The California oil stock remains a battleground name.
Wolfspeed is the most-shorted semiconductor stock on our radar. SI hit 50.1% of free float — and added 4.2pp this week alone. Availability is nearly gone at just 2% of SI. That's a crowded, dangerous trade.
NuScale Power and Wendy's also saw notable SI builds, up 4.4pp and 4.2pp respectively.
On the flip side, shorts are bailing fast on rental car stocks. saw SI crater 24 points to . dropped 6.6pp to . shorts also cut exposure sharply — down nearly 6pp to .
Famous short-seller Jim Chanos made headlines this weekend warning that AI capex could still boost S&P 500 earnings. Bears are clearly selective right now.
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.
