Bears Back Off Wolfspeed, Pile Into Nano Nuclear

Short sellers trimmed heavily shorted WOLF last week. SI % of FF fell from 127% to 118% in seven days. That's still an extreme level. Zero shares remain available to borrow, keeping the squeeze risk real.

NNE told a different story. Bears added nearly 4 percentage points in a week. SI now sits at 27.7% of float. Availability is razor-thin at just 9.5% of SI. The nuclear energy play has been a social media favourite. Cost to borrow is low at 3%, suggesting more shorts could pile in.

HOG saw shorts add 2.5 points over the week. SI hit 16.6% of float. With 173% availability and a cheap borrow rate, traders face few obstacles building positions against the motorcycle maker.

XOMA holds the highest SI reading in our screen at 82.4% of float. It edged up 3.2 points this week. Availability is enormous at 758%, so there is no squeeze pressure here.

ULCC — Frontier Group — saw the sharpest short covering. SI dropped 4 points to 36%. Bears appear to be reassessing the budget airline after recent market moves. Availability stands at 197%.