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Business Insider
23-06-2025
- 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
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%.
