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Business Insider
15 hours ago
- Automotive
- Business Insider
Short Report: Clear Secure bears cover as strong guidance lifts shares
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 flat, the Nasdaq Composite was up 0.6%, the Russell 2000 index up 0.1%, the Russell 2000 Growth ETF (IWO) was up 0.3%, and the Russell 2000 Value ETF (IWN) was up 0.2% in the five-day trading session range through August 7. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. SHORT INTEREST GAINERS Ortex-reported short interest in Lucid Group (LCID) had troughed at a two-month low of about 29% heading into the company's August 5th earnings, though with investors disappointed Lucid's wider than expected loss, bears are again boosting their exposure. Shorts as a percentage of free float accelerated from 29.5% to 31.8% and days-to-cover on the higher-end EV automaker rose from 4.3 to 5.3, with little relative trading volume increases accompanying its quarterly results. Just three weeks ago, the stock experienced an intra-day spike of nearly 50% when the company announced an autonomous robotaxi partnership with Uber and Nuro, with the aim to deploy 20,000 or more Lucid vehicles equipped with the Nuro Driver over six years. Since then however, all of those gains have been erased. This week, Lucid shares fell 13% in the five-day period covered, and the stock is now down 29.5% year-to-date. Ortex-reported short interest in Enovix (ENVX) had fallen to a multi-year low around 19% in late July, though with the stock also reversing much of its recent rally following a modest beat and in-line Q3 outlook after its July 31st earnings, bears are also turning less leary. Shorts as a percentage of free float on the name rose from 19.2% to 22.1%, though days-to-cover is down from 8.4 to 7.8 given the increase in trading volume. Enovix shares were down 18% in the five-day period covered, though even after Friday's 2% slide, the stock is down just 1% year-to-date. Ortex-reported short interest in Frontier Group (ULCC) is flying higher as the stock price has resumed its descend following a wider than expected Q2 loss and disappointing guidance for Q3. Shorts as a percentage of free float on Frontier rose from 27.6% to 31.2%, matching the highs above 31% set in mid- and late-June, while days-to-cover on the budget airline jumped from 5.4 to 6.8 despite large trading volume the day of and the day after earnings on August 5th and 6th. The turbulent stock, meanwhile, was down 24% in the five-day period through Thursday, having fully erased its June 23 to July 29 trough to peak 53% rally and closing in on this year's low. SHORT INTEREST DECLINERS Ortex-reported short interest in Clear Secure (YOU) is caving after the company reported Q2 results that saw a beat on revenue and also better than expected outlook for sales in Q3. Shorts as a percentage of free float – already down from outsized high-30% levels seen in mid-June – had settled into mid-20% levels but fell further from 24.3% to 21.7% – a three-month low – this week on post-earnings short-covering. Days to cover also retreated from 5.4 to 5.1 as volumes ticked higher. The stock was up as much as 14% intraday following Clear Secure's results and gained 8.6% overall during the five-day period covered through Thursday. Year-to-date, shares are now up 20%. Ortex-reported short interest in Birkenstock (BIRK) is down sharply heading into the company's Q3 results this coming Thursday. Coming out of its earnings in Q2 in May, the stock jumped a solid 6%. Shorts as a percentage of free float had reached 2025 highs around 25% earlier in the week but collapsed to 16% just as shares slipped to three-week lows. Low trading volume this week lifted the days-to-cover on the name however from 3.4 to 4.2. Over the five-day period covered, Birkenstock shares traded down by 3.2% and have now shed 15% year-to-date.
Business Insider
7 days ago
- Business
- Business Insider
Short Report: Grindr shorts at record highs as CFO quits before earnings
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 0.4%, the Nasdaq Composite was up 0.3%, the Russell 2000 index was down 1.8%, the Russell 2000 Growth ETF (IWO) was down 0.9%, and the Russell 2000 Value ETF (IWN) was down 3.0%% in the five-day trading session range through July 31. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. SHORT INTEREST GAINERS Ortex-reported short interest in Grindr (GRND) – fresh off a mid-June spike from 20% to 70% – is soaring again. This week, shorts as a percentage of free float on the name jumped from 76.1% to 82.1% – a fresh record high – while days-to-cover on the name is up from 2.7 to 3.2. The stock has navigated some cautionary developments this week as the company CFO Vanna Krantz has announce her resignation with just under three years on the job and the week before the company is set to report its Q2 earnings. In the first week of June, shares of Grindr had risen over 70% from the stock's March lows, though it has now erased nearly all of those gains and trades down 4% year-to-date. This week, as bears boosted their bets, shares were down 8.7% in the five-day period covered. Ortex-reported short interest in SolarEdge (SEDG) peaked above 78% in the first week of March and has been on a steep down-slope through mid-July toward a 26% low, just as the stock price broke out of its wide trading range earlier last month en route to a one-year high on July 22nd. This week however, with traders taking profits in the stock following a near-tripling from April lows, bears are also more emboldened. In the five-day period covered through Thursday, shorts as a percentage of free float for SolarEdge were up from 26.7% to 29.0% – a three-week high, while days-to-cover on the name was up from 2.5 to 4.0. The stock fell about 10% in the five-day period, though year-to-date, SolarEdge is still up nearly 90%. Ortex-reported short interest in Tarsus Pharmaceuticals (TARS) has found consistent lows around 24% on three separate occasions since December of 2024, though this month, bears are not waiting to add exposure, with the stock on the verge of plunging to fresh 2025 lows below $39 per share. Shorts as a percentage of free float jumped from 25% to 27% this week – the highest level since November of last year. Days-to-cover on the name was also up notably, rising from 9.7 to 10.8. The company reports Q2 results over the coming week, having registered significantly lower closes on its last two earnings days. In the five-day period covered, Tarsus was down 8.5% through Thursday, with shares also shedding 26% year-to-date. Ortex-reported short interest in Kohl's (KSS) is down sharply following a brief spike last week in conjunction with a single-day near-doubling of its stock price reminiscent of meme-stock heyday. Shorts as a percentage of free float jumped from 43% to record-high 53% late last week with reports of retail traders seeking to engineer a short-squeeze in the beleaguered retail chain, though this week, bearish fever has broken, and short interest has receded back from 49.6% to 42.4% – the lowest level since the first week of April. In the wake of a week-long spike in volume, days to cover on the name was also down sharply – sliding from 6.3 to 3.8, a multi-month low. The stock is down 20.5% in the five-day period covered, and shares are now off by 24% year-to-date. Ortex-reported short interest in Rocket Companies (RKT) had spiked up to a record-high of 82% late last week, with bears looking to fade the stock's 25% gains over a prior three day span, though this week, the extreme bearish surge is reversing. Shorts as a percentage of free float slipped back to 41%, while days-to-cover reverted to 10.0 from 10.2. In the five-day period covered, shares of Rocket were down less than 1%, before being bid up by 12% on Friday. Soft Employment and Manufacturing sentiment data drove investors away from risky assets and toward the safety of Treasuries, pressuring yields and paving the way to more certain interest rate cuts that would unlock the frozen mortgage market and presumably benefit a company like Rocket.
Business Insider
12-07-2025
- Business
- Business Insider
Short Report: Mobileye bears fade stock bounce
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 flat, the Nasdaq Composite was up 0.1%, the Russell 2000 index was up 0.6%, the Russell 2000 Growth ETF (IWO) was up 0.4%, and the Russell 2000 Value ETF (IWN) was up 1.0% in the four-day trading session range through July 10th. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. SHORT INTEREST GAINERS Ortex-reported short interest in MobilEye (MBLY) had tracked in 22%-23% range from the last week of April through the first week of July, though this week has seen a more pronounced increase in bearishness. Shorts as a percentage of free float rose from 22.5% to 26.3% – a two and a half month high while days-to-cover rose from 5.2 to 5.6, just as shares fell over 10% in a two-day span through Thursday and 13% in the four-day period covered. The stock had tracked strength in Tesla (TSLA) following its Austin cybertaxi launch in late June, though the bullish sentiment and a higher-than-expected Q2 revenue pre-announcement this week was overshadowed by the company's 50M share secondary, along with the announcement that Intel (INTC) is selling 8% of its 88% holding in the company. The stock was down another 3% on Friday and has now lost 19% year-to-date. Ortex-reported short interest in Quantum Computing (QUBT) had matched an all-time high of 25% established in late 2024 for the third time in the last week of June, though this week has finally seen the bearish appetite reach a new peak. Shorts as a percentage of free float on the name jumped from 23.9% all the way to 27.6%. The stock, meanwhile, corrected about 9%, consolidating a 41% run of the prior two weeks. Quantum Computing was down another 9% on Friday, though even after this week's declines, the stock is still trading up 5% year-to-date. Ortex-reported short interest in NuScale Power (SMR) had been in retreat over the second half of May when the stock price began its steep climb higher, though the bias reversed course two weeks into the move and bears were more inclined to increase exposure, even with the run-up in the stock price through the entire month of June. This week, shorts as a percentage of free float rose from 20.7% to nearly 23%, which is also less than one percent away from the highest level in short interest since February. The stock was up less than 1% in the four-day period covered through Thursday, though Friday saw shares gain over 4%. Year-to-date, NuScale Power has now doubled. SHORT INTEREST DECLINERS Ortex-reported short interest in Petco Health (WOOF) rose from about two percentage points to 32% over the first half of June in the wake of the company reporting a worse than expected set of earnings on June 5th that also saw the stock crater some 35% in two-week time. Shares have since bounced from their June 17th lows, gaining nearly 30%, and short positioning as a percentage of free float has also receded. This week, short interest on Petco fell from 29.5% to 23.7% – a one year low. Ortex data echoes exchange-reported short interest which was last reported down from nearly 30% to 25% as of June 30th. In the four-day period covered, the stock was flat.
Business Insider
30-06-2025
- Business
- Business Insider
Short Report: Rocket Companies short interest at 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 2.7%, the Nasdaq Composite was up 3.2%, the Russell 2000 index was up 2.8%, the Russell 2000 Growth ETF (IWO) was up 2.9%, and the Russell 2000 Value ETF (IWN) was up 2.7% in the five-day trading session range through June 26. Don't Miss TipRanks' Half Year Sale Take advantage of TipRanks Premium for 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. SHORT INTEREST GAINERS Ortex-reported short interest in Rocket Companies (RKT) resumed its climb this week after taking a brief pause last week as shortsellers are becoming increasingly more emboldened by the cracks in the housing market amid steadily rising inventories. Shorts as a percentage of free float reached a record high of 55.3% in the first week of June, pulled back to 48%, but this week, the short interest hit new record highs of 55.8%. With rising volume, days to cover on the name was up by a much more modest increment – from 8.0 to 8.1. The stock has rebounded from its early-May lows by 30%, while year-to-date, Rocket is up 26%. In the five-day period covered, shares were up 5%. Ortex-reported short interest on Dave & Busters (PLAY) bounced from 25.5% level on June 23rd just as it did before on June 9, though the extent of bearish appetite was notably greater. Shorts as a percentage of free float on the stock for the week rose from 28.7% all the way to 34.4% – a six-week high. Meanwhile, with strong volume responding to the company's impressive Q1 earnings beat on June 10th, days-to-cover on the name was down from 6.3 to 5.8. In the five-day period covered, Dave & Busters has come off about 5%, though shares have still doubled from early April lows. Since September of last year, Ortex-reported short interest on Mara Holdings (MARA) has seen its peaks correlate with major upward inflections and its trough with downward inflections in the stock price, making this week's large jump in bearish expression somewhat suspicious. Shorts as a percentage of free float rose from 24.8% to 28.5%, though days to cover on the name was little changed at 4.4, which tracks with an increase in trading volume amid heightened volatility in the crypto-verse. In the five-day period covered, Mara shares are up 5.4%, though year-to-date, the stock is down 10.4%. Ortex-reported short interest in Madrigal Pharmaceuticals had troughed at a 10-month of 31% on June 13th but saw a spike this week from 31.3% to 38.4% – a five-week high. Days to cover on the stock remained unchanged around 6.1 amid an increase in trading volume, especially over the past two days. With no news catalysts, the stock was up about 6% in the five-day period covered through Thursday, though year-to-date, shares are still down by 2.5%. Souring sentiment on EVs has sent shares of charging infrastructure play EVgo (EVGO) to 9-month lows as recently as March, though the stock has been trading with more conviction over the past three months, sending some of the bears to the exits. This week, shorts as a percentage of free float on EVgo fell particularly steeply, slipping from 23.6% to 20.2%. The sharp decline also matches exchange-reported data, which saw a drop of over four percentage points to 20.5%. The stock was down 9% in the five-day period covered but remains higher by 72% from its March lows and now trades down just 8% year-to-date.
Business Insider
13-06-2025
- Business
- Business Insider
Short Report: Short interest in JetBlue receding
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 1.8%, the Nasdaq Composite was up 1.9%, the Russell 2000 index was up 2.1%, the Russell 2000 Growth ETF (IWO) was up 1.6%, and the Russell 2000 Value ETF (IWN) was up 2.6% in the five-day trading session range through June 12. Confident Investing Starts Here: SHORT INTEREST GAINERS Ortex-reported short interest on United Parks & Resorts (PRKS) hit its lowest level of two months at 19.4% on Monday, though bearish interest was piqued the rest of the week, with shorts as a percentage of free float jumping two points to 21.4%. Days-to-cover on the name has also turned higher, rising 60bps to 8.1, with volumes on the name remaining steady. Heading into the company's mid-May earnings, shares had erased all of the macro-induced declines seen in early April, though United's softer than expected earnings and revenue eventually saw price action pivot lower over the past month despite sell-side commentary attributing the underperformance to factors such as the weather. Shares are now down 12% from pre-earnings levels and were off by 1.5% in the five-day period covered. Year-to-date, the stock is also down about 26%. Ortex-reported short interest on 800-Flowers (FLWS) has seen its upward slope steepen since January, and this week, bearish appetite was particularly pronounced. Shorts as a percentage of free float on the stock jumped from 57.8% to a new record high of 68.4%, topping last month's high-water mark of 67.5%, while days-to-cover on the name rose from 16.0 to 16.3. Likewise, the Ortex estimates are in step with exchange-reported data, which saw short interest on 800-Flowers hit record high above 73% as of May-end. In the five-day period covered through Thursday, the stock is up 1.4%, though year-to-date, shares have shed 38%, with the most recent decline in price reflecting the management's decision to pull guidance due to macro uncertainty. Ortex-reported short interest on Kura Sushi (KRUS) troughed in the 16%-17% range over the mid-March to late-April period but has since turned higher, with bears still questioning the recent bounce in the stock price. This week, shorts as a percentage of free float was up three percentage points to 27.8%, a seven-month high, and days to cover jumped 100bps to 7.3. Exchange-reported data also support the Ortex estimate as it has seen short increase rise from 16.3% mid-April to 26.6% by May-end. In the five-day period covered through Thursday, the stock is up 7.1% and shares have doubled from April lows, though year-to-date, Kura Sushi is still down about 11%. Following a surge during the month of March from 23% to 31%, Ortex-reported short interest on HighPeak Energy (HPK) retreated to 24% by late April. Following quieter May however, bears are biting into the name harder this week. In the five-day period covered through Thursday, shorts as a percentage of free float were up from 27.2% to roughly 30%. The stock price, meanwhile, has tracked the resurgence in optimism for the Energy sector. In the five-day period covered, HighPeak shares were up 7% and have now gained 44% from late-April lows. The stock is also up about 4% in early Friday trade, tracking the rally in oil prices. Ortex-reported short interest in JetBlue Airways (JBLU) peaked around 23% in late April, though despite shares starting to roll over after gaining 16% over the month of May, bears have turned more skittish. Shorts as a percentage of free float were down three points this week to 17.5% and days-to-cover on the name was down a decimal to 3.2. Exchange-reported data through May-end has likewise shown a drop from 20.6% to 17.3%. The stock, meanwhile, was down 2.9% in the five-day period covered and has traded off by another 4% in the opening hour of Friday session, with airlines bearing the brunt of an oil price shock following Israel's surprise strike against Iran overnight as well as more cautious sentiment following Air India Boeing crash yesterday.
