Short sellers turned aggressive this week. Wolfspeed tops every list that matters. Its short interest hit 131% of free float — up nearly 20 percentage points in seven days. Zero shares are available to borrow. The cost to borrow sits at 10.7%. That is a stock under extreme bear pressure.
Chewy saw its SI % FF jump from 53% to 61% in a week. Bears are rebuilding positions ahead of its next earnings print. The pet retailer's $5.1B market cap hasn't deterred the skeptics.
Grindr is a surprise mover. SI % FF surged from just 2.3% to 12.9% — a nearly fivefold jump in seven days. That kind of rapid build is unusual. Bears appear to be making a fresh bet against the social app stock.
On the other side, Shake Shack shorts are retreating. SI % FF dropped from 18% to 12.8% in a week. Covers are outpacing new shorts. Tango Therapeutics also saw meaningful covering, falling from 54% to 47%.
Dollar General shorts are reloading after a Q1 earnings miss. Bears see more downside ahead.
The theme this week: consumer and biotech names seeing the sharpest SI moves, while semiconductor bear Wolfspeed remains the most aggressively shorted stock in the US market.
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.
