Short sellers stepped up pressure across several well-known names this week, with data to May 5 revealing some striking moves.
GME saw its short interest jump to 16.3% of free float, up from 13.8% just seven days ago — a 2.5 percentage point leap. Bears are back in the meme stock. Cost to borrow remains low at just 1.4%, suggesting shorts have easy access to shares.
Wolfspeed is the most heavily shorted large-cap on the board. SI sits at 52.7% of free float, up another 2.8 points on the week. Availability is nearly exhausted at just 2.4% of SI. With the stock up over 100% in three months, a squeeze cannot be ruled out.
SoundHound AI carries 37.5% short interest, with a cost to borrow of 26%. Zero shares remain available. That's a pressure cooker.
Among micro-caps, Biodexa Pharmaceuticals screams loudest. SI exploded from 60% to 681% of free float in one week. iSpecimen jumped from 1% to 268% in the same period. These moves often signal aggressive short attacks on small floats.
On the macro front, Middle East tensions and oil supply fears are dominating headlines. That's adding fresh pressure to energy and travel names already under the short-seller microscope.
This note is for informational purposes only and does not constitute 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.
