Orbisa insights dives into Cava Group (CAVA), operators of the popular fast-casual Mediterranean restaurant chain. Following a successful June IPO and surprise Q3 profit, the stock has now given up much of its early gains. Orbisa observed that utilization of available shares has risen to nearly 82%, with 13.6 million shares on loan.
Published December 1, 2023.
Orbisa data shows short sellers building positions in Wanguo Gold as utilization climbed to 91.5% and borrow costs rose sharply following record earnings and a HK$5.5 billion convertible bond announcement.
EquiLend data shows Pinewood Technologies borrow quantity falling sharply after Ridgeview’s £545 million takeover approach shifted positioning in late July.
EquiLend data shows Kumho Tire borrow positioning building through July before reversing after Q2 results, with squeeze signals emerging as shorts began to unwind.
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