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Business Insider
a day ago
- Business
- Business Insider
Short Report: Short interest in Clear Secure hits record high
Welcome to this week's installment of 'The Short Interest Report' – The Fly's weekly recap of short interest trends among some of the most widely followed high-short-float stocks. Using the data from our partner which utilizes the latest information from stock lenders to estimate short interest changes for thousands of publicly traded companies, this report will screen for some of biggest changes in short interest as a percentage of free float and days-to-cover ratios while also considering the short interest data on some of the more volatile and heavier-traded names of the week. Based on the availability of data from Ortex, the report tracks the trading period that covers prior Friday through Thursday of this week, excluding holidays. As a basis of comparison for stocks discussed below, the S&P 500 index was up 0.5%, the Nasdaq Composite was up 0.6%, the Russell 2000 index was up 1.2%, the Russell 2000 Growth ETF (IWO) was up 2.0%, and the Russell 2000 Value ETF (IWN) was up 0.3% in the five-day trading session range through June 5. Confident Investing Starts Here: SHORT INTEREST GAINERS Ortex-reported short interest in Hims & Hers (HIMS) hit a record high of 37.6% in the first week of May as bears questioned the rebound in shares over the prior two weeks. With the sharp bounce persisting into mid-May – the stock ended up more than doubling from mid-April to May 14 peak – shorts then reduced their exposure to just north of 30%. This week however, bearish appetite in this volatile name has resurfaced. Shorts as a percentage of free float rose from 30.7% to 33.6% and days-to-cover was up from 1.2 to 1.6 even though trading volumes remained steady. The stock was up less than 1% in the five-day period covered through Thursday, but inclusive of Friday's 6.8% jump, shares are now up 133% year-to-date. Ortex-reported short interest in Clear Secure (YOU) had tracked sideways in a 20.5%-23.5% range from mid-February through the final week of April, though bearish appetite has picked up notably through May and into June even though the stock has traded without much conviction on either side. In the five-day period covered, shorts as a percentage of free float rose from 27.2% to 29.3% – a record high, while days-to-cover reached a three-month high with a 90 basis point advance to 6.5 amid thinner volume. Shares were up 6.8% in the five-day period covered, though year-to-date, Clear Secure shares are still down about 2%. Ortex-reported short interest in Designer Brands (DBI) troughed around 23% in the final week of April but has since shot higher in spite of the bounce in the stock price. This week, shorts as a percentage of free float jumped from 27.7% to 32.2% – the highest level in nearly five months. Likewise, despite the steady levels of trading volume, days-to-cover on the name also shifted notably, rising from 4.9 to 8.4. Ahead of Designer Brands' Q1 results on deck for next week, over the five-day period covered through Thursday, the stock rose 1.1% and relative to its April lows, shares are up 57% – inclusive of Friday's 5% gain. Year-to-date, the stock is still down 28.5%. Ortex-reported short interest in Gogo (GOGO) had started its collapse from high-altitude levels above 30% to less than 27% in mid-March when the company disclosed a Supplemental Type Certificate FAA approval for its tail mount terminal for Gulfstream aircraft, sending its stock higher by 25% within a week. Bearish positioning was then dealt a blow in early May when the company's Q1 results and affirmed guidance also featured the disclosure of a PMA – Parts Manufacturer Approval – for its Galileo FDX antenna, sending short interest down to fresh seven-month lows below 26%. This week, short-covering momentum continued, with shorts as a percentage of free float falling another two and a half points 21.8% – the lowest level since late October. Meanwhile, the stock picked up about 3% in the five-day period covered this week and also has now registered a 37% gain year-to-date. Last week, Ortex-reported short interest in AST SpaceMobile (ASTS) reached the highest level since late March of around 30%. This week however, shorts as a percentage of free float shrunk to 25.5%, while the stock staged a steep 30% jump in the five-day period covered. Driving short-sellers to the exits was an Instagram post by AST SpaceMobile board member Adriana Cisneros titled 'Amazing things are happening at AST & Science + @blueorigin', which has elevated speculation that Amazon's Jeff Bezos might become an ASTS investor. Year-to-date, AST SpaceMobile shares are now up about 48%.
Business Insider
25-05-2025
- Business
- Business Insider
Short Report: Bears bite into Krispy Kreme after another weak earnings report
Welcome to this week's installment of 'The Short Interest Report' – The Fly's weekly recap of short interest trends among some of the most widely followed high-short-float stocks. Using the data from our partner which utilizes the latest information from stock lenders to estimate short interest changes for thousands of publicly traded companies, this report will screen for some of biggest changes in short interest as a percentage of free float and days-to-cover ratios while also considering the short interest data on some of the more volatile and heavier-traded names of the week. Based on the availability of data from Ortex, the report tracks the trading period that covers prior Friday through Thursday of this week, excluding holidays. As a basis of comparison for stocks discussed below, the S&P 500 index was down 1.3%, the Nasdaq Composite was down 1.0%, the Russell 2000 index was down 2.4%, the Russell 2000 Growth ETF (IWO) was down 1.1%, and the Russell 2000 Value ETF (IWN) was down 3.0% in the five-day trading session range through May 22. Confident Investing Starts Here: SHORT INTEREST GAINERS Otex-reported short interest in Krispy Kreme (DNUT) continues to soar as its stock continues to sink following another disappointing earnings report by the company on May 8th. Shorts as a percentage of free float jumped five percentage points to a record high of 32.2, with days to cover also increasing from 5.1 to 5.8 despite the spike in trading volume post-earnings. The company missed on the top line in Q1, offered below-consensus Q2 guidance, and also pulled its FY25 guidance due to 'macroeconomic softness and the uncertainty around the McDonald's deployment schedule'. The stock was 8% in the five-day period covered through Thursday, but has fallen 33% overall from levels just prior to Q1 earnings and is now down over 70% year-to-date. Shares of Rocket Companies (RKT) treaded water this week as the run-up in interest rates appeared to slow, though – as highlighted last week – the propulsion in Ortex-reported short interest on the stock is persisting despite the absence of pronounced pressure in price. Shorts as a percentage of free float on the stock was up another six percentage points to hit a four-year high above 44% and days-to-cover extended its increase by a decimal to 7.2. Shares, meanwhile, were down just 1.5% in the five-day period covered, and the year-to-date tally on Rocket is still a robust 13%. Ortex reported short interest in Neurogene (NGNE) had trended largely sideways from the last week of April through the middle of May just shy of the 60% level, though this past week has seen a spike all the way up to 87%. Volume has receded, though days-to-cover on the stock slipped from 17.3 to 15.3. The stock has had a positive couple of weeks, with a higher thrust on May 15th as Baker Bros Advisors disclosed a 10% stake and then earning a higher price target from BMO after an oral presentation at the American Society of Gene and Cell Therapy annual meeting describing a monitoring / treatment algorithm intended to reverse hyperinflammatory syndrome hemophagocytic lymphohistiocytosis. In the five-day period covered, Neurogene was down 6.9%, though relative to its April 8 low, the stock has more than doubled. Gains in Ortex-reported short interest in 1-800-Flowers (FLWS) have accelerated while the stock continued to track lower after reporting its Q3 results on May 8. Shorts as a percentage of free float rose sharply this week, increasing from 56% to about 67% – a record high. The stock, meanwhile, was up 2% in the five-period covered through Thursday, but including Friday's 4% loss, shares of 1-800-Flowers are now down 19% post earnings and 43% year-to-date. Ortex-reported short interest on Madrigal Pharmaceutical (MDGL) receded from about 40% to a 10-month low below 32% and days-to-cover slipped from 6.6 to 6.1 as bears chose to book profits in the stock following this month's pullback. Madrigal shares slipped 12% over the 4-day period after its Q1 results on May 1 and are now down 20% from levels heading into those earnings, even though its loss was narrower than expected and several sell-side firms boosted their price targets due to strong Rezdiffra product sales. In the five-day period covered through Thursday, the stock was down 13%.
Business Insider
04-05-2025
- Business
- Business Insider
Short Report: Dave & Busters short interest hits record high
Welcome to this week's installment of 'The Short Interest Report' – The Fly's weekly recap of short interest trends among some of the most widely followed high-short-float stocks. Using the data from our partner which utilizes the latest information from stock lenders to estimate short interest changes for thousands of publicly traded companies, this report will screen for some of biggest changes in short interest as a percentage of free float and days-to-cover ratios while also considering the short interest data on some of the more volatile and heavier-traded names of the week. Based on the availability of data from Ortex, the report tracks the trading period that covers prior Friday through Thursday of this week, excluding holidays. As a basis of comparison for stocks discussed below, the S&P 500 index was up 2.2%, the Nasdaq Composite was up 3.2%, the Russell 2000 index was up 0.9%, the Russell 2000 Growth ETF (IWO) was up 1.5%, and the Russell 2000 Value ETF (IWN) was up 0.5% in the five-day trading session range through May 1. Protect Your Portfolio Against Market Uncertainty SHORT INTEREST GAINERS Ortex-reported short interest in Kura Sushi (KRUS) had plateaued at 17% from late March through late April, though this week, bearish interest has perked up as the stock has come off its early-April lows. Shorts as a percentage of free float rose from 16.8% to a two-month high of 21.3%, while days to cover was unchanged at 6.2, even though volume has been receding over the past two-week period. The stock traded down 2% in the five-day period covered, and though shares are up 49% from last month's lows, Kura Sushi is still down 32% year-to-date. Ortex-reported short interest in Dave & Busters (PLAY) had settled in a 28%-30% range for much of April, though this week has seen a bounce in spite of the stock not participating in a broader market swell. Shorts as a percentage of free float on the name jumped from 29.3% to 34.1% – a record high. The company had just reported February-end Q4 results in early April, and the volume has come off relative to post-earnings spike, sending days-to-cover on the stock up to 7.5 from 6.7. Meanwhile, shares were down 1% in the five-day period covered through Thursday, and while Friday's trading saw the stock rise 3%, the company is still down 34% year-to-date. Ortex-estimated short interest on Hertz Global (HTZ) is tracking the sharp gains in the stock price, having risen over ten percentage points from its 2025 lows around 34% in mid-February. This week, short interest as a percentage of free float was up from 41.9% to 47.2%, though Friday was the highest level on record at 48.4%. The stock got a turbo-boost of over 25% from on April 16th, when Pershing Square's Bill Ackman disclosed that he has taken a 12.7% stake in the company. Though shares have since come off the initial spike and were down 22% in the five-day period through Thursday, Hertz is still up over 80% year-to-date. SHORT INTEREST DECLINERS Ortex-reported short interest on Guess (GES) had hit a one-month high of 35% in mid-April, but with shares bouncing from multi-month lows over the past two weeks, bears are covering some of their exposure. This week, shorts as a percentage of free float on the stock fell seven percentage points to 34.3% and days to cover pulled back from 5.9 to 5.7 while shares slipped about 7%. The week's retreat in spite of the market rally also comes in the wake of the 17% gain last Thursday following a Bloomberg report that Authentic Brands is weighing a bid for Guess to rival that of WHP. Year-to-date however, the stock remains down over all with a 19% decline. Ortex-reported short interest on MobilEye (MBLY) hit a record high of 27.5% in mid-March but has since come down from those levels. This week, the bear retreat was particularly pronounced following the company's in-line Q1 results and affirmed guidance last Thursday, with shorts as a percentage of free float slipping from 26.4% to 22.5%, the lowest level since early February. The stock had rallied 35% from its April 21st lows, even as bullishness has moderated this week with a marginally negative five-day finish through Thursday. Year-to-date, MobilEye shares are still down 27%.
