Short sellers are repositioning fast. Wolfspeed saw shorts cover aggressively, with SI % of FF dropping nearly 19 points to 112%. Call centre stocks are under sustained attack. Concentrix sits at 23% SI % FF. TTEC Holdings holds 32%. Hedge funds are betting AI will gut the outsourcing sector. The FT flagged heavy institutional positioning against the group.
Dave Inc. is the week's most notable new short target. SI % of FF jumped 8.8 points to 29%. Bears are also building fast in SLM Corporation — Sallie Mae — now at 16%, as student loan policy uncertainty drags on.
Two blockbuster insider disposals landed this week. NVDA Director Mark Stevens filed back-to-back block sales totalling $199M on June 2 and June 4. The Walton Family Holdings Trust sold $184M of shares on June 2. Not everyone is selling. Rheinmetall CEO Armin Papperger bought shares worth $5.8M — a sign of continued confidence in European defence.
ORCL, ADBE, and LEN all report between Tuesday and Wednesday this week. Oracle's cloud momentum and Adobe's AI monetisation story are the key watch points. Lennar's order trends will set the tone for homebuilders. RBRK reports Wednesday with analysts lifting targets and an ORTEX momentum score of 74/100.
Analysts trimmed targets on at least seven US utility names this week — including DUK, ETR, and AEP. Rising rates and debt loads are the pressure points. Broadcom moved the other way. Consensus targets rose to $517.61. AI networking demand keeps the bullish calls coming.
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.
