Short sellers made bold moves this week. WOLF — Wolfspeed — stands out as the biggest story in US short interest right now.
SI on the chipmaker hit 89.3% of free float as of May 14. That's up from 60.4% just seven days earlier — a jump of nearly 29 percentage points in one week. A month ago it sat at 40%. Bears have been piling in fast. Zero shares are available to borrow, signalling maximum short pressure.
CVNA — Carvana — also saw a sharp move. SI climbed to 10.1% of FF, up from just 2.1% a week ago. That's a fivefold rise. With a $49.8B market cap, the online car dealer is a heavyweight target. Cost to borrow remains low at 0.44%, suggesting shorts are finding it easy to pile in.
LCID — Lucid Group — continued to attract bearish attention. SI reached 34.7% of FF, up 7 points week-on-week. Availability is nearly zero at 0.28%, meaning new short positions are difficult to open.
FLNC — Fluence Energy — saw SI rise to 31.6%, up nearly 5 points on the week.
On the heavily-shorted list, SPRY — ARS Pharmaceuticals — holds 65.2% SI with only 1% availability. A squeeze catalyst here could be violent.
This is 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.
