Short sellers made bold moves this week. Wolfspeed saw the biggest jump. Its SI % of FF rocketed from 57.6% to 80.1% in just seven days — a 22.5 percentage point surge. The semiconductor firm has faced mounting losses and a punishing debt load. Bears are clearly not done with it.
Carvana was another standout mover. SI % of FF leapt from 2.1% to 10.2% — a near-fivefold rise week-on-week. The used-car platform has rallied hard over the past year. Short sellers now appear to be betting that run is overdone.
Lucid Group also drew fresh bearish attention. SI % of FF climbed to 34.6%, up from 27.5%. The EV maker continues to face concerns over cash burn and slowing demand.
Lyft is gaining short seller attention too. Its SI % of FF rose to 29.2% from 24.3% over the same period. The rideshare firm faces pressure from Uber and autonomous vehicle rivals.
On the crypto side, the CLARITY Act cleared the Senate Banking Committee. That sent Coinbase and higher — a potential headache for shorts in those names.
Leslie's jumped 130% on a revenue beat, a reminder that high short interest can quickly turn painful.
This note is for informational purposes and does not constitute 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.
