
Short Report: Mobileye bears fade stock bounce
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.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Business Insider
36 minutes ago
- Business Insider
Tariffs Weigh on Eli Lilly Stock (LLY) Ahead of Earnings
U.S. President Donald Trump's threats to impose tariffs on the pharmaceutical industry are weighing on Eli Lilly's (LLY) stock ahead of its second-quarter financial results on Aug. 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. The pharma sector had hoped that healthcare would be spared from President Trump's tariffs. However, that no longer appears to be the case with the Trump administration threatening import duties of up to 200%, news that has been a drag on Eli Lilly and other pharmaceutical stocks. So far, Eli Lilly has responded to the looming tariff threat by announcing that it will invest $27 billion to build four new manufacturing plants in the U.S. as demand for its weight-loss and diabetes drugs soars and the company develops new medications. Manufacturing Base The U.S. is already Eli Lilly's manufacturing base. Since 2020, the Indiana-based company has committed $50 billion to bolster its U.S. manufacturing. That investment has helped ease drug supply shortages of its popular prescription medications. Management at Eli Lilly has said that the majority of the company's drugs are made in America. Still, the looming threat of steep tariffs on the pharma sector has been weighing on LLY stock heading into the company's earnings, where expectations are high for strong sales and profits from the weight-loss drugs. LLY stock has risen 4% this year, underperforming the benchmark S&P 500 index. Is LLY Stock a Buy? The stock of Eli Lilly has a consensus Strong Buy rating among 19 Wall Street analysts. That rating is based on 16 Buy, two Hold, and one Sell recommendations issued in the last 12 months. The average LLY price target of $1,006.80 implies 26.07% upside from current levels.


Business Insider
an hour ago
- Business Insider
Tesla down nearly 5% in after-hours after ‘rough quarters' warning
18:46 EDT Tesla (TSLA) down nearly 5% in after-hours after 'rough quarters' warning 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. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>


Business Insider
an hour ago
- Business Insider
Musk says Tesla could see ‘a few rough quarters'
18:29 EDT Musk says Tesla (TSLA) could see 'a few rough quarters' 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. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>