Short sellers turned aggressive this week. The moves reveal fresh conviction in some surprising corners of the market.
CHWY leads the charge. Chewy's SI % of FF hit 57.9% — up +6.5 percentage points in just seven days. Bears are clearly not buying the pet e-commerce recovery story. Cost to borrow remains low at just 0.43%, meaning the trade is still cheap to put on.
DAVE is the week's biggest mover. The fintech lender saw its SI % of FF jump +13.7 points to 30.4%. That's an enormous build in a single week for a $3B company. Watch this one closely — high short interest combined with thin availability of shares to borrow could accelerate a squeeze.
GRND is newly in the crosshairs. Grindr short interest surged from just 1.4% to 12.4% of FF — a tenfold jump. Something has clearly spooked short sellers on the social app.
TEM — Tempus AI — also attracted heavy new shorts. SI hit 30.8%, up +7.4 points. Availability stands at just 38.7%, signalling borrowable shares are getting scarce.
On the other side, shorts covered aggressively. Shake Shack SI dropped to 12.8%. saw similar covering, falling -4.6 points.
Classic meme names remain quiet. GME sits at 13.2% and TSLA at just 2.7% — both well off historic highs.
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.
