Short sellers are making aggressive moves this week. Wolfspeed saw the biggest SI jump among mid-cap US names. Its short interest hit 60.4% of free float — up nearly 10 percentage points in seven days. Availability sits at zero. That means borrowing shares is almost impossible right now. The semiconductor firm has shed 0% of its cost to borrow edge, but the sheer SI level keeps bears firmly in control.
Veeva Systems is another notable mover. SI climbed from 3.8% to 7.2% of free float in a week — a near doubling. That's a sharp shift for a large-cap pharma software name worth $27 billion. With 825% availability, short sellers still have plenty of ammo.
On the covering side, AMC Entertainment saw shorts retreat. SI fell from 16% to 12.2% over the past week. Avis Budget Group also saw heavy covering, with SI dropping from 41.6% to 35.7% — a nearly 6-point fall.
Rumble holds a short score of 93.8 with 24.7% of float short. The social media platform remains a magnet for bears, with a cost to borrow near 29%.
KalVista Pharmaceuticals saw significant short covering too. SI dropped from 56% to 49.7%, suggesting some capitulation from the bear camp.
With Iran war tensions rattling global sentiment and oil prices elevated, macro headwinds continue to drive short positioning in vulnerable names across multiple sectors.
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.
