Short sellers stepped up their bets this week. Wolfspeed leads among larger-cap names. Its SI % of Free Float jumped 36 points in seven days to 107%. That is a staggering level — bears now outnumber the entire free float. The semiconductor firm's stock had rallied 250% over three months, making it a prime target for a reversal trade. Cost to borrow sits at 6.6% with zero availability, meaning new short positions are nearly impossible to open.
Lucid Group also attracted fresh shorts. SI climbed nearly 7 points to 34% of float this week. The EV maker remains a perennial bear target.
In biotech, Belite Bio stands out. ORTEX data shows short interest surged 34% in one week to 1.23 million shares. Availability fell 24% ahead of earnings on May 20. Bears are pressing hard into the catalyst.
On the squeeze side, agilon health saw shorts cover aggressively. SI dropped 22 points to 89% — still sky-high but shorts are clearly retreating.
Lucky Strike Entertainment carries the highest short score among mid-caps at 94. Days to cover stands at 32. Any positive catalyst could ignite a violent squeeze.
SoundHound AI stays heavily shorted at 39% of float with a 25% cost to borrow and zero shares available. Social buzz around AI names keeps this one on watch.
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.
