Short sellers made a dramatic move into DAVE this week. The fintech's short interest jumped to 30.5% of free float — up from 20.3% just seven days ago. That's a +10.2 percentage point surge. Shares are a $3B mid-cap and borrowing costs remain cheap at under 0.5%, so bears can pile on easily.
CRSR (Corsair Gaming) also drew fresh shorts. SI climbed to 17.7% FF, up 5.6 points in a week. H&R Block saw a similar move, rising to 17.5% FF from 14.8%.
The bigger story is who's covering. Wolfspeed shorts are bailing fast — SI dropped nearly 20 points to 114.6% FF. The stock remains the most heavily shorted name in the database. Zero shares are currently available to borrow. Covering is painful here. Chewy also saw bears retreat, with SI falling 7 points to 57% FF.
Elsewhere, social media favourites GME and sit at 13.3% and 9.3% FF respectively — no dramatic moves. shorts stay light at just 2.7% FF. Semis remain under-shorted: at 1.25% and at 3.1%, despite Micron stock falling sharply Thursday on sector rotation fears.
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.
