Short sellers made sharp moves this week. DAVE saw the biggest jump among mid-cap US stocks. Its short interest hit 30.5% of free float on June 3. That's up from 20.3% just seven days earlier — a 10-point leap. The fintech app has been a target before. Bears are back.
WBI (WaterBridge Infrastructure) sits at 31.7% SI, also up over 4 points in a week. Corsair Gaming added 5.6 points to reach 17.7%. Neither stock is well-known, but the building pressure is notable.
On the covering side, Wolfspeed saw its extraordinary short position ease. SI fell from 134% to 114% of free float — still extreme. Cost to borrow runs 9.4% APR. Zero shares are available to borrow. That's a powder keg. Chewy also saw bears retreat sharply, down 7 points to 57%.
Broadcom (AVGO) fell 15% Thursday after weak revenue guidance. Yet its SI is a tiny 1.1%. Shorts were not positioned for it. and also remain lightly shorted at under 3% each. The big names are not in bears' crosshairs right now.
H&R Block is quietly building up pressure at 17.5% SI, up 2.7 points in a week.
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.
