Short sellers made dramatic moves across US markets this week. Data from June 4 paints a clear picture of where the pain is building — and where bears are running for cover.
DAVE, the digital banking app, saw the sharpest short interest jump. Its SI % of free float surged to 29.2% from 20.5% in just seven days — an 8.8 percentage point spike. Bears are clearly pressing hard against the fintech name.
SLM Corporation and Corsair Gaming also saw notable increases. SLM's short interest rose to 16.2% from 12.1%. Corsair jumped to 17.2% from 13.9%, as bearish bets on the PC peripherals maker grow.
On the squeeze side, Wolfspeed stands out. Short interest plunged nearly 19 percentage points to 112.5% of free float. That's still extreme, but the rapid short covering suggests pressure is easing.
Tilray Brands is flashing a different warning sign. Utilization hit 100% — a 52-week high — with share availability at a razor-thin . The cannabis stock's borrow is effectively exhausted.
Broadcom dominated headlines after a $285 billion valuation drop Thursday. Its short interest sits at just 1.1% of float — shorts had little to do with the selloff.
GameStop shorts eased slightly. SI dipped to 13.3% from 13.6%. No squeeze catalyst visible yet.
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.
