Short sellers made bold moves last week. Figma saw short interest jump from 18.7% to 24.9% of free float in seven days. Wolfspeed remains the headline pain trade. Its SI sits at 50.1% of free float with availability at just 2.1%. The stock is up 135% in three months. Shorts are hurting badly.
Options flow backs the bulls in semiconductors. NVDA leads positive bets this week. AMD follows close behind, with RSI at 79.8. Bearish pressure is building elsewhere. XPEV and NIO draw the most bearish options positioning among Chinese EV names.
The meme trade is alive again. Ryan Cohen's reported $56 billion bid for eBay sent shockwaves through social markets, with drawing fresh attention. is also in focus — short interest spiked 17% in one day as its CEO continued buying shares.
Over 1,800 companies report this week. Key names include Albemarle on Wednesday, with lithium demand signals closely watched. Cencora and Flex also report mid-week. Analyst sentiment shifted positively for ABNB, which earned a fresh upgrade today. BDX also got upgraded with zero Sell ratings in its new consensus.
On the institutional side, Pentwater Capital filed over $1.1 billion in exits from CAR. AE Industrial Partners sold $231.8 million in RDW. Magnetar Financial continues trimming CRWV post-IPO, with two separate sales totalling $81.6 million filed recently.
The broad picture: bulls own semis, bears own EVs and unprofitable growth, and the earnings calendar now takes center stage.
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.
