Record Short Interest Surge
Recent data from Ortex reveals a significant escalation in bearish sentiment toward Tempus AI (TEM). Short interest as a percentage of float has jumped from 23.3% to 30.5%, marking the highest level on record for the company. This shift represents a departure from the 21% to 25% range that had persisted since early March.
Days-to-Cover Expansion
The intensity of the short position is further evidenced by the days-to-cover metric, which has climbed from 4.8 to 6.5. This increase, occurring despite a spike in trading volume, suggests that short sellers are not merely testing the waters but are establishing substantial, long-term positions that would require significant time to unwind should a squeeze occur.
Key Takeaways
- Short interest reached a record 30.5% of float.
- Days-to-cover metric rose to a record 6.5.
- The move indicates a shift from previous trading ranges observed since March.
The Bottom Line
With short interest at all-time highs and liquidity metrics tightening, TEM is exhibiting classic signs of a crowded short trade, increasing the potential for volatility.
Signal data sourced from Ortex. This post is an original analysis prepared by The Forensic Ledger from publicly available data. Not investment advice.
Not investment advice. This is original reporting and analysis prepared by The Forensic Ledger from publicly available data. Nothing here is a recommendation to buy, sell, or hold any security. Always consult the original source and a licensed professional. See our full disclaimer and source-citation policy.