Short sellers made bold moves this week. Wolfspeed leads the charge, with SI jumping to 72.5% of free float — up a massive 20 points in just seven days. Shares to borrow are essentially gone: availability sits at 0%. The semiconductor maker is burning cash. Bears clearly see more pain ahead.
Carvana is the week's biggest surprise. Its SI leapt from 2.1% to 9.6% of FF — a 7.5-point spike. That's a sharp reversal of sentiment for a stock that once dominated the short-squeeze conversation. The used-car platform now has a $54bn market cap. Shorts are betting the valuation can't hold.
Lyft also attracted fresh attention. SI climbed to 29.3% of FF, up 5 points on the week. The rideshare firm faces persistent pressure from Uber on margins and pricing.
Elsewhere, Lucid Group sits at 34.5% of FF — up 7.5 points. EV demand concerns continue to weigh.
On the extreme end, ARS Pharmaceuticals carries 65% short interest with days-to-cover near 26. STAAR Surgical hits 94% of FF — one of the most crowded short trades in the market right now.
The macro backdrop matters too. Iran war fears are pushing oil higher. That adds fuel to bearish bets across rate-sensitive and growth 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.
