Bears are making bold calls across multiple sectors today. CBRS (Cerebras Systems) saw its short interest jump from 6.3% to 25.6% of free float in just one week. Short sellers are questioning the AI chip firm's $7.4 billion valuation.
Car rental names are getting squeezed harder. CAR sits at 45.8% SI % FF. HTZ follows at 44.5%. Both rose sharply this week as oil-price fears and weak consumer spending fuel the bear case.
Birkenstock is the surprise target. BIRK hit 30.2% SI % FF, up 8.4 percentage points. Availability of shares to borrow collapsed to just 3.4% of short interest — a tight setup for a potential squeeze.
Oil touched a three-month low after Trump signalled the US is close to an Iran deal. Stocks and government bonds both gained on hopes the energy shock will ease. European defence stocks reversed sharply on funding concerns. Gold sank to a six-month low as speculative investors exit.
Analysts cut targets on homebuilders. LEN and GIS both drew downgrades on weak near-term outlooks. On the other side, GILD attracted upward revisions — consensus target moved to $157.57. SCHW also saw positive target changes as rate-normalisation optimism builds in financials.
DELL saw $670 million in shares sold by Silver Lake Group across June 2–4. Three senior executives at GBTG filed sales totalling over $16 million in the same two-week window.
KMX reports Q1 2027 results Wednesday with short interest at 11.5% of free float. PGR drops May figures Tuesday. JBL also reports mid-week with a low 2.8% SI reading.
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