Short sellers made notable moves this week. Data through May 1 shows sharp shifts across several names.
Avis Budget CAR saw the biggest cover of the week among large caps. SI % FF fell 11.7 percentage points to 43.2%. That's a significant retreat for one of the most shorted stocks on the market. The stock has rallied 61% over three months. Shorts are feeling the heat.
Meanwhile, bears kept pressing Wolfspeed WOLF. SI % FF climbed to 50.1%, up 3.2pp in seven days. The semiconductor name has surged 135% in three months — yet short sellers are not backing down. That tension makes it a key name to watch.
Among smaller movers, SoundHound AI SOUN stays stubbornly shorted at 37.9% of FF. Cost to borrow sits at 20%. Shares are flat over three months. Reddit-favorite AMC AMC ticked higher to 15.7%, a mild increase week-on-week.
The week's biggest SI jump came from micro-cap . Its SI % FF exploded from 2.8% to in seven days — a near 84pp surge that signals aggressive fresh short positioning.
Hertz HTZ shorts also retreated, with SI dropping to 43.4% from 45% last week, though the stock remains one of the most heavily shorted mid-caps.
This article is for informational purposes only and 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.
