Short Sellers Pile Into Fintech, Desert Chips

Bears are making fresh moves this week. Data as of June 4 shows DAVE — the fintech lender — saw its short interest jump +8.76 percentage points in seven days. SI now sits at 29.2% of free float. That's a sharp new bet against a mid-cap that rarely draws this kind of attention.

WaterBridge Infrastructure also attracted fresh shorts. SI rose to 35% of free float, up 7.4 points week-on-week.

Wolfspeed tells the opposite story. Short interest cratered from 131% to 112% of free float — an 18.7-point drop in a week. Shorts are covering fast. Availability sits at zero, meaning no shares left to borrow. A squeeze remains possible if buying pressure builds.

On social media favourites: GME shorts are quietly trimming, down to 13.3% from 13.6%. TSLA and PLTR remain barely shorted at 2.7% and 3.1% respectively — bears have little appetite for either name.

SMCI holds 15.3% SI, flat on the week. COIN and MSTR edged slightly higher, tracking crypto's rocky week after Bitcoin's steep slide.

FT headlines flagged chip stocks sinking hard today. That pressure isn't yet visible in short data — suggesting the latest selloff may be fresh positioning not yet captured in settlement data.