Short sellers made their biggest weekly move into DAVE, the fintech lending app. SI as a % of free float jumped 10.2 points in just seven days — rising from 20.3% to 30.5%. The surge coincides with the CEO selling $2.3 million in stock this week, a signal traders are watching closely.
LULU is also under pressure. The yoga-wear brand reported weak Q1 earnings Thursday. North America sales are set to fall in the low double digits in Q2. Tariff costs will hit gross margins by 410 basis points. Short interest sits at 6.2% of free float — low, but fresh selling is expected.
The most dramatic squeeze candidate remains WOLF. Wolfspeed's SI hit 114.6% of free float — an eye-watering level. That is down from 134% last week. A gap-up in shares earlier this week forced shorts to cover fast. ORTEX flagged 100% utilization and zero share availability just days ago.
On the EV side, LCID carries 34.4% SI — the highest among popular social stocks. RIVN sits at 18.3%. remains persistently shorted at 13.3%.
Bucking the trend, CHWY saw shorts cut positions sharply. SI fell 7 points to 57% of free float. Norway's sovereign wealth fund took a $155 million stake — long-only buying that squeezed shorts out.
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.
