Short sellers made their boldest moves in micro-cap stocks last week. Data as of May 28 shows ASTC (Astrotech) topping the surge table. Its SI % of FF exploded from 3% to 146% in seven days. Cost to borrow hit 388% APR. Zero shares are left available to borrow.
ARTL (Artelo Biosciences) saw a similarly violent jump. SI % of FF went from 23% to nearly 120%. SNGX and MNTS also more than tripled their short positions in the same week.
On the flip side, WGRX (Wellgistics Health) had a massive short unwind. SI % of FF crashed from 1,768% to just 23%. That's the biggest squeeze signal in the dataset.
Among social media favourites, RIVN leads with 18.5% SI % of FF. It held nearly flat week-on-week. GME sits at 14.9%, down slightly from 15.8%. ticked up to 13.9%.
TSLA bears stayed quiet. SI % of FF barely moved at 2.7%. NVDA remains lightly shorted at 1.3%, even as headlines flagged new US chip export restrictions to China.
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.
