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Business Insider
19 hours ago
- Business
- Business Insider
Short Report: Short interest in residential solar heats up again
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 1.1%, the Nasdaq Composite was down 0.6%, the Russell 2000 index was down 1.3%, the Russell 2000 Growth ETF (IWO) was down 1.2%, and the Russell 2000 Value ETF (IWN) was up 0.5% in the four-day trading session range through June 18. Confident Investing Starts Here: SHORT INTEREST GAINERS Ortex-reported short interest on Sunrun (RUN) jumped from 27% to over 30% with days-to-cover on the name up from 3.2 to 3.9 this week. Similarly, short positioning as a percentage of free float on SolarEdge (SEDG) went up from 30.5% to 32.6%. Bearish appetite for both names had been receding as short-sellers took profits following meaningful declines in their respective stock prices on May 22, when House Republicans' passed budget bill was seen as containing a worse than feared scenario of cuts to renewable incentives for solar/wind energy and both stocks subsequently erased their losses over the first half of June. With the Senate budget bill out this week also proposing a full phase-out of solar and wind energy tax credit as soon as 2028, bears are renewing their bets on more Washington-imposed pain and residential solar names are back in freefall. Shares of Sunrun were down 27.6% and those of SolarEdge fell 19.2% in the four-day period covered through Thursday. Year-to-date, Sunrun is off by 33%, though SolarEdge is still up 21%. Ortex-reported short interest on Designer Brands (DBI) had retreated from a five-month high of 32% to 27% last week as bears took profits from a 35% plunge in shares following the company's disappointing Q1 results and pulled guidance on June 10. With no signs of a bounce and multiple sell-side price target cuts, however, bears are now rebuilding their positions. Shorts as a percentage of free float were up four percentage points this week to 30.8, days-to-cover rose to 5.9 from 5.0, and the stock was down 5.4% in the four-day period covered. Year-to-date, Designer Brands is now down 57%. Ortex-reported short interest on Guess (GES) had fallen to a 14-month low level just under 20% in the first week of June and ahead of its Q1 earnings on June 5. While the stock bounced despite the company's below-consensus Q2 guide and FY26 outlook cut, bears are returning to the name. This week, shorts as a percentage of free float on Guess were up from 20.2% to 22.7% – a three-week high. Likewise, days-to-cover on Guess jumped from 6.4 to 9.3 – a three-month high – even though volumes held relatively steady. The stock was down 4% in the four-session period through Wednesday, though Friday's 5% rally erased all of those losses. Year-to-date, Guess is still down about 15%. Ortex-reported short interest on Centrus Energy (LEU) had fallen to the lowest level since November of 2024 in the first week of June at about 17% as the stock had nearly quadrupled over the prior four-month period from April lows. This week however, shorts as a percentage of free float were up from 18.7% to 20.6%, with bears questioning whether the extreme bounce in the nuclear fuel component supplier is sustainable or deserves a pause. Indeed, while the stock is up 14% in the four-day period covered, Friday saw the upside momentum stall out after an intraday jump of 16% to finish up a more modest 5%. Year-to-date, shares of Centrus are still up a whopping 185%. SHORT INTEREST DECLINERS Ortex-reported short interest in Enliven Therapeutics (ELVN) had tracked in a 24%-29% range since mid-October but collapsed this week with a decline from 25.7% to 18.4% – a 14-month low. Days to cover on the stock also fell sharply from 7.8 to 6.9 in spite of a spike in volume last Friday – a 9-month low. The burst of trading activity, along with last Friday's 11% jump in the stock price that catalyzed the surge in short covering, was driven by the company's announcement of positive data from its Phase 1 clinical trial of ELVN-001 in patients with chronic myeloid leukemia. The results were then cheered by analysts at Goldman Sachs, who assigned a Buy rating to the stock with a price target of $37, implying another 50% return from current levels. In the four-day period covered, Enliven was up 9.7%, though shares are still down 5% 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.
Business Insider
09-06-2025
- 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
02-06-2025
- Business
- Business Insider
Short Report: Bears questioning Cinemark, Groupon rallies
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 1.2%, the Nasdaq Composite was up 1.3%, the Russell 2000 index was up 1.5%, the Russell 2000 Growth ETF (IWO) was up 1.3%, and the Russell 2000 Value ETF (IWN) was up 1.6% in the four-day trading session range through May 29. Confident Investing Starts Here: SHORT INTEREST GAINERS Ortex-reported short interest in Cinemark (CNK) has tracked sideways in 16% to 22% range from mid-March until the final week of May, even though the stock has enjoyed a runup of about 35%. This week however, short positioning as a percentage of free float has jumped more dramatically, increasing from 18.8% to a four-month high of 26.6%. Sentiment on the stock has remained positive following the company's Q1 results on May 2nd as shares have gained 13% since those earnings inclusive of Friday's 2.5% rally and were up 1.6% in the four-day period covered through Thursday, though bears are increasingly questioning whether the robust box office slate will match demand from tightening consumer budget. Ortex-reported short interest on Groupon (GRPN) had fallen precipitously from 67% in late December to a ten-month low of 26% on Monday as bears fled the tripling in the stock price that started in mid-March after the company's Q4 results and was spurred further by another strong performance in Q1. The rest of the week however, shorts as a percentage of free float turned higher, rising from 26% to nearly 29%, even though the price action is not yet matching the increased willingness by the bears to test the sustainability of the bounce. In the four-day period covered, Groupon shares were up 10.4%, and year-to-date, the stock has gained 140%. Ortex-reported short interest on Avis Budget (CAR) has continued to increase sharply, rising another five and a half percentage points this week to 47.8%. Shorts as a percentage of free float on the stock troughed at just 12% in late January prior to the start of its run, and the current levels are now the highest since June of 2020. The stock, meanwhile, bottomed in mid-March but has since more than doubled from those lows, with a year-to-date gain topping 50%. This week, Avis Budget shares were up 1.5% in the four-day period through Thursday. Ortex-reported short interest on Sunrun (RUN) had peaked around 35% in late April and receded to about 29% over the next three weeks, though this week has seen shorts as a percentage of free float jump again while the stock sold off heavily. Bearish positioning rose to 31.1% and days-to-cover on the name was up 30 basis points to 4.5. The stock, meanwhile, was up about 2% in the four-day period through Thursday and ended the week with a 9% jump on Friday, though shares are still down 43% from their recent peak on May 13 and down 19% year-to-date. SHORT INTEREST DECLINERS Ortex-reported short interest on Guess (GES) had peaked at 39% in mid-March before a buyout offer from private equity name WHP Global had scurried bears to the sidelines with a 13 percentage point retreat that accompanied a 25% jump in the stock price. Authentic Brands Group (AUTH) had joined the bidding war for Guess in late April, giving the stock price another jolt higher and the rebuilding shorts another blow. This week, as the company prepares to report its Q1 results on Thursday, shorts as a percentage of free float on Guess fell from 25.8% to 20.2% – a one-year low. Guess shares were flat in the four-day period covered but slipped 6% on Friday. Relative to the level just before the WHP bid however, the stock is still up 7%.
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%.
