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Bears Circle Dave Inc. and Wolfspeed

Edited by Peter Hillerberg1 min read

Stories are generated from ORTEX data and reviewed by the ORTEX team. How we publish

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Short sellers moved aggressively this week. DAVE — the fintech lending app — saw its short interest jump to 29.2% of free float, up from 20.5% just seven days ago. That is an 8.8 percentage point rise. Bears are clearly growing more skeptical.

WaterBridge Infrastructure followed close behind. Its SI hit 35%, up 7.4 points over the same period.

Wolfspeed Bears Start Covering

On the other side, Wolfspeed is seeing short sellers retreat. SI sat at 112% of free float last week. It has since dropped to 112.5% — still extreme, but with bears cutting positions by nearly 19 points. Cost to borrow stands at 9.3%. Availability is zero. This stock remains a powder keg.

Meme Stocks Hold Steady

GME sits at 13.3% SI. MSTR is at 12.2%. Neither moved dramatically week-on-week. Headlines note Bitcoin weakness after Strategy's latest share sale rattled crypto traders — a potential headwind for MSTR bulls.

Gaming Bears Return

Corsair Gaming short interest rose to 17.2%, up 3.2 points in a week. With AI threatening legacy hardware demand, bears are taking aim at gaming peripherals names again.

TSLA remains lightly shorted at just 2.7% of free float. NVDA sits at 1.3%. Mega-cap tech remains off-limits for most short sellers.

This is not financial advice.

How this article was generated

Generated
6 Jun 2026, 00:03
Prompt version
v1.0
Data sources
Short interestCost to borrowUtilizationAlt DataIndex Rebalance

ORTEX Market Intelligence content is generated by AI from a snapshot of ORTEX's proprietary data and reviewed by the ORTEX team. Content is informational only and does not constitute investment advice.