Bears Circle Wolfspeed as Short Interest Hits 60%

WOLF is the week's standout short target. Short interest jumped nearly 10 percentage points in seven days. It now sits at 60.4% of free float. Shares available to borrow: zero. That combination of extreme short interest and no availability is a classic squeeze setup.

SMCI tells the opposite story. Short sellers are backing off. The AI server maker's stock jumped 4% Friday on strong momentum. SI stands at 16.6% of free float. Availability is plentiful at 175%. Bears are losing conviction fast.

CAR saw shorts cut positions sharply. Avis Budget's SI fell 6.3 points to 38% of FF over the week. That is the biggest cover among large caps. A squeeze may already be underway.

VEEV drew fresh bearish interest. Veeva Systems' SI nearly doubled week-on-week, rising 3.4 points to 7.2% of free float. Unusual for a large software name.

ADT also saw a big build. Short interest rose 3.7 points to 10.3% of FF. Bears are circling the home security company.

On the high-conviction side, FLWS remains one of the most shorted names in retail. 1-800-Flowers sits at 84% of free float shorted with 16 days to cover. Any positive catalyst could trigger a sharp squeeze.

This note is for informational purposes only and does not constitute financial advice.