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Business Insider
11-05-2025
- Business
- Business Insider
Short Report: Bears sell into sharp rally in Hims & Hers
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 1.1%, the Nasdaq Composite was up 1.2%, the Russell 2000 index was up 2.6%, the Russell 2000 Growth ETF (IWO) was up 2.8%, and the Russell 2000 Value ETF (IWN) was up 2.4% in the five-day trading session range through May 8. Protect Your Portfolio Against Market Uncertainty SHORT INTEREST GAINERS Ortex reported short interest in Hims & Hers (HIMS) is up for the fourth consecutive week, rising from 34.3% to 36.3%, with intra-week high above 37% marking a record high. Days to cover on the name was up slightly from 1.5 to 1.6. Bears are loading up on the stock despite its strong performance over the past few weeks. Shares have more than doubled from the lows in the first week of April as well as year-to-date. In the five day period covered, Hims & Hers was up 42%, with much of those gains coming after the company reported a strong top-line beat with its Q1 results and affirmed its guidance. Ortex-reported short interest in AST SpaceMobile (ASTS) slipped to a four-month low of about 22% late last week but increased notably from 22.4% to 27.7% this week, tracking a sharp stock price rally last Friday. The company had announced that it will be holding a quarterly business update this coming Monday, driving a 14% gain in shares. Days to cover also gained from 6.8 to 7.1, a three-month high. For the five-day period covered through Thursday, AST SpaceMobile ended up 10%, and year-to-date, the stock is up 22%. Ortex-reported short interest in Madrigal Pharmaceuticals (MDGL) tracked sideways in a 34%-35% range over the past four weeks, though with the stock finding some support over the past two trading sessions following four consecutive sessions of losses, bears are boosting their exposure. Shorts as a percentage of free float on Madrigal jumped from 34.8% to a four-month high of 38.9%, though days-to-cover was little changed with a 30bps decline to 6.7. Following the company's earnings last week, the stock initially jumped 5% on Thursday but closed lower on the day. This week, Madrigal shares were 8.5% in the five-day period through Thursday. SHORT INTEREST DECLINERS Ortex-reported short interest in Savers Value Village (SVV) hit a one-month high above 25% last Friday but has now receded overall for the second consecutive week. This week, shorts as a percentage of free float slipped from 23.5% to 21.9% – the lowest level since October of 2024. Likewise, days-to-cover was down from 17.8 to a multi-month low of 15.7. Buyers are driving out the bears following the company's Q1 earnings beat last Thursday that saw the stock surge % in the following session. For the five-day period covered through Thursday, Savers Value was up 20% and year-to-date, shares are up about 8%. Ortex-reported short interest in Groupon (GRPN) fell steeply after the company's blowout Q1 results this week. Shorts as a percentage of free float collapsed from 36.5% to 30.0%, the lowest level in nearly nine months, with days-to-cover also slipping from 3.4 to a multi-month low of 3.1. The stock surged 42% after Groupon reported a surprise profit against expected Q1 earnings loss and also topped consensus on the top line on Thursday, driving pronounced short-covering late in the week. Year-to-date, Groupon shares have now more than doubled.
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%.
