Short sellers made their boldest move into WOLF this week. Wolfspeed's SI % of Free Float jumped nearly 10 percentage points to 60.4% in just seven days. Availability has hit zero — there are essentially no shares left to borrow. The SiC chip maker has been under severe pressure as the energy transition trade loses momentum.
VEEV also drew fresh attention from bears. Veeva Systems saw its SI % FF nearly double week-on-week, rising from 3.8% to 7.2%. The $27B pharma software firm faces earnings uncertainty, and shorts appear to be positioning ahead of results.
ADT was another notable mover. SI % FF climbed from 6.6% to 10.3% — a 3.7pp jump — suggesting growing skepticism about the security firm's outlook.
On the other side, AMC shorts are quietly retreating. Short interest fell sharply from 16% to 12.2% of free float this week. Bears appear to be covering positions — a trend worth watching for potential squeeze dynamics.
AKAM also saw shorts scrambling post-earnings. short interest halved heading into its Q1 print.
CAR (Avis Budget) saw the biggest percentage drop, with SI falling nearly 6pp to 35.7% — suggesting meaningful short covering in the car rental sector.
This is not financial advice. Short interest data sourced from ORTEX estimates.
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.
