Short sellers are not backing off. WOLF (Wolfspeed) remains the most extreme case in the US market. Short interest hit 98.2% of free float this week — up nearly 5 percentage points in seven days. Availability has fallen to zero. There are no shares left to borrow.
CHWY (Chewy) stays in the crosshairs too. Short interest stands at 53.1% of free float. Plenty of shares are still available to borrow at 511%, so shorts can keep adding without a squeeze scare — for now.
Against that bearish tide, corporate insiders are buying. WGS (GeneDx) saw over $21M in purchases filed this week from a key 10% owner. FBIN (Fortune Brands Innovations) attracted a $15.5M buy from an activist-linked board member. That level of insider commitment is hard to ignore.
This week's calendar is busy. CRM (Salesforce) and MRVL (Marvell Technology) both report Wednesday after the bell. COST (Costco) follows Thursday. These three names alone will set the tone for tech, AI infrastructure, and consumer spending sentiment heading into June.
UK gilts staged their biggest weekly yield drop since 2023. Chancellor Burnham's pledge to hold firm on fiscal rules — combined with fading bets on higher Bank of England rates — drove the rally. Lower gilt yields ease pressure on UK equities and borrowing costs.
Meanwhile, FT reporting flagged SpaceX, OpenAI, and Anthropic IPOs as potential Wall Street catalysts. Passive funds may also need to offload billions in shares to accommodate upcoming index changes — a technical headwind to watch.
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.
