Short sellers made bold moves this week. Two names stand out as the clearest signals of shifting sentiment.
Wolfspeed climbs the most-shorted ladder. WOLF saw short interest jump 6.5 percentage points in seven days. SI now sits at 57% of free float. Availability is razor-thin at just 0.75% of SI. That makes new short positions extremely difficult to open. Any positive catalyst could trigger a sharp squeeze.
Avis shorts are bailing fast. CAR saw the biggest short cover of the week. SI dropped 8.2 points to 38.7% of free float. That's a significant retreat from bears. The rental car sector has been volatile amid tariff-related travel demand uncertainty.
KalVista also saw covering. KALV shorts pulled back nearly 9 points. SI fell to 53.2% of free float. Availability is above 100%, suggesting plenty of room for more covering if momentum turns positive.
ADT joins the watch list. ADT SI rose 3.2 points to 9.9% this week. Bears are building a new position in the security services firm.
Tech hedge funds posted their best April since 2020, per FT. That rally may have forced some short covering across the board.
This 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.
