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Short sellers got busy last week. Positions climbed sharply across several mid- and large-cap names, while one micro-cap blew up overnight.
The biggest mover among notable stocks was ONCO. Short interest in Onconetix exploded to 214% of free float. That's up from just 14% one week ago — a 200-percentage-point spike. Aggressive short-selling into a heavily diluted float is the likely driver.
Among larger names, FIG caught attention. Figma's short interest rose to 24.9% of free float, up 6.2 points in a week. The design software company is still relatively new to public markets. Bears appear unconvinced by its valuation.
MTN also saw a jump. Vail Resorts hit 22.3% short interest, up from 16.2% seven days ago. Warm-weather concerns and weak season pass demand are weighing on the stock.
WOLF remains a bearish favourite. Wolfspeed sits at 50% short interest — the highest among mid-caps tracked. It edged up another 4 points this week. The chipmaker's cash burn continues to worry the market.
One notable cover: CAR — Avis Budget — saw short interest drop sharply, falling from 69% to 44% of free float. That's a 24-point squeeze in seven days. Short covering may have been the key driver of its recent price rally.
GME dipped slightly to 13.7% short interest. Bears are trimming cautiously, mindful of past squeezes.
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.
