Bears Cover, New Targets Emerge

Short sellers shifted positions sharply last week. Data as of June 5 shows notable moves across fintech, AI infrastructure, and troubled industrials.

DAVE (Dave Inc.) topped the weekly movers list. Its SI % of free float jumped 8.4 percentage points to 28.8%. That is a big move for a $2.9B fintech. Bears are clearly pressing the bet.

CRWV (CoreWeave) also attracted fresh shorts. SI climbed 2 points to 18.3% of free float. The AI cloud stock has been in the news all week. Its $45B market cap and heavy media coverage make it a high-profile short target.

On the other side, WOLF (Wolfspeed) saw the steepest short covering. SI dropped 10.7 points but remains eye-watering at 119.7% of free float. Cost to borrow stands at 8.8%. Availability has hit zero — no shares left to borrow.

AAL (American Airlines) shorts also retreated. SI fell 1.3 points to 9.7%. Airlines are under pressure from high fuel costs — US carriers burned through $6.5B in April alone — but short sellers are pulling back anyway.

GME sits at 13% SI, flat on the week. No squeeze catalyst visible yet.

Data: ORTEX. Not financial advice.