Short Sellers Shift: Bears Retreat on Wolfspeed, Pile Into Dave

Bears made significant moves this week. The biggest story is Wolfspeed, where short interest fell 18.7 percentage points in just seven days — from 131% to 112% of free float. That remains a massive short position, but the rapid cover signals some bears are bailing.

At the other extreme, Dave Inc. saw its short interest jump 8.8 points to 29.2% of free float. The fintech lender is drawing fresh bearish attention from traders looking for vulnerable small-caps.

SLM Corporation — the student loan giant — also attracted new shorts. Its SI % FF climbed 4.1 points to 16.2% this week.

On social media, all eyes are on lululemon athletica. Michael Burry publicly compared his LULU bet to his famous 2019 GameStop trade. Yet LULU's short interest sits at just 6.3% — far from extreme levels. GME itself is flat at 13.3%.

NVIDIA short sellers aren't biting despite the stock's run. SI % FF holds at 1.3%. Partnerships with SK Hynix and SK Telecom keep bulls firmly in charge.

Lennar bears are digging in with SI % FF at 8.4%, according to ORTEX — the homebuilder remains a key macro short.

Data sourced from ORTEX. Not financial advice.