Short sellers turned aggressive last week. Wolfspeed saw the biggest move. Its SI % of Free Float jumped nearly 10 points in seven days — rising to 60.4% from 50.6%. The semiconductor maker has struggled badly, down 3m price performance notwithstanding a 196% bounce. Availability sits at zero, meaning there are no shares left to borrow. Shorts are fully committed.
Veeva Systems was a surprise entrant. Its SI % FF nearly doubled in a week — rising from 3.8% to 7.2%. For a $27bn cloud software company, that shift is notable. Avis Budget Group saw the biggest short covering. Its SI dropped from 41.6% to 35.7%, a near 6-point retreat in seven days.
AMC Entertainment also saw heavy covering. SI fell from 16% to 12% — bears pulling back on the meme stock staple.
ProPetro Holding is worth watching. SI jumped almost 5 points to as oil markets remain volatile amid Iran-US tensions.
On the social buzz front, Ford and Cisco headline this week's newsflow — both face earnings prints with heavy analyst attention. Short sellers may be repositioning ahead of results.
Data sourced from ORTEX. 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.
