Bears are building positions fast across a range of US names. Wolfspeed remains the most heavily shorted stock in the country. Short interest hit 131% of free float, up nearly 20 percentage points in a week. Borrow availability is zero. Chewy saw SI jump from 53% to 61% of free float in seven days. Grindr saw the most dramatic move — SI exploded from 2.3% to 12.9%, a near-6x increase in a single week.
NVDA sits at the centre of attention as June's earnings print approaches. Options activity is intense, with 27 active expiry chains running to September. Short interest remains low at 1.3% of free float. CRDO heads into its own results with shorts retreating and analysts scrambling to revise targets higher. Dell is another tech name drawing dual interest — analysts are catching up to the $421 price while short sellers hold their ground.
Executives are locking in gains. Ralph Lauren filed a $99.7 million sale this week. CoreWeave director Jack Cogen sold more than $85 million in shares just weeks after the AI infrastructure firm's IPO. Stryker director Ronda Stryker reported $86 million in sales across three transactions.
European markets split sharply. Defence names rallied after Ukraine ratified a $105 billion EU loan deal. Separately, the maker of Dulux paint surged after rejecting a $14.5 billion takeover bid. Oil remains a flashpoint. A blockade in the Strait of Hormuz has removed up to 13 million barrels per day from global markets, with CVX's CEO warning prices could jump further over the summer.
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.
