Short sellers sharply increased pressure on DAVE this week. The fintech lender's SI % of Free Float jumped to 30.5%, up 10.2 percentage points in just seven days. That makes it the biggest mover among mid-cap US names tracked by ORTEX.
WBI, WaterBridge Infrastructure, is another stock attracting heavy short attention. Its SI hit 31.7% of FF, up 4.25 points over the same period. The cost to borrow remains low at 0.6%, suggesting bears can still access shares easily.
CRSR (Corsair Gaming) also saw a sharp climb. SI rose from 12.2% to 17.7% in a week, a 5.5-point gain. The PC gaming hardware sector faces ongoing headwinds as consumer spending stays cautious.
Meanwhile, WOLF (Wolfspeed) saw the biggest short covering of the week. SI fell 19.5 points to 114.6% of FF — still astronomically high, but a sign bears are trimming positions. CHWY (Chewy) saw SI drop 7 points to 57%. fell 2.5 points to 11.9%.
On the news front, AVGO (Broadcom) suffered a $285bn market cap wipeout after disappointing revenue guidance. Its SI is just 1.1%, so bears were not positioned for that drop. H&R Block saw SI climb to 17.5%, up 2.7 points, as tax season scrutiny fades.
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.
