Short Interest Powder Kegs: 10 Stocks Bears Cannot Quit Buying

Bears are crowding into a small group of stocks, and one name has nearly its entire float sold short.

Venture Global Inc. (NYSE:VG) leads the market’s most heavily shorted stocks at 90.11% of float, according to Benzinga Pro data. Nine other companies carry short interest above 34%, a mix of big 2026 winners, steep decliners and a recent IPO.

A Benzinga Pro screen of stocks with market caps above $2 billion and 14-day average volume above 1 million shares was run on Nov. 11, 2026 and turned up the group.

The Full List

COMPANY	Short % of Float
Venture Global Inc. (NYSE:VG)	90.11%
Under Armour Inc. (NYSE:UAA)	44.78%
Ondas Inc. (NASDAQ:ONDS)	42.50%
Kohl’s Corp. (NYSE:KSS)	41.80%
Dutch Bros Inc. (NYSE:BROS)	41.14%
Charter Communications Inc. (NASDAQ:CHTR)	40.08%
Beam Therapeutics Inc. (NASDAQ:BEAM)	39.28%
Replimune Group Inc. (NASDAQ:REPL)	36.13%
Sunrun Inc. (NASDAQ:RUN)	35.34%
MiniMed Group Inc. (NASDAQ:MMED)	34.39%

Venture Global’s Reading Looks Extreme, The Float Explains Why

Insiders control most of Venture Global’s shares, leaving a small pool of stock available to trade. Benzinga Pro data puts the float at about 54.2 million shares, with roughly 48.9 million of those sold short.

Shares rose more than 6% Wednesday after the LNG exporter reported better-than-expected third-quarter earnings and raised its full-year 2026 adjusted EBITDA forecast.

CEO Mike Sabel said LNG production reached the upper end of expectations. The company exported 124 cargoes totaling 467.1 trillion British thermal units (TBtu), up 24 cargoes and 95.3 TBtu from a year earlier.

Sabel also highlighted plans to explore off-grid power for AI data centers, using the company’s existing infrastructure and natural gas resources.

Bears have been on the wrong side of the trade in 2026. Venture Global has climbed nearly 80% since the start of the year.

Earnings and Updates in Focus

• Under Armour: The athletic wear company ranks second at 44.78% of float. Last week, the company reported fiscal second-quarter revenue fell 7%, missing analyst expectations. Under Armour also pointed to weakness across its portfolio amid a tough consumer environment and heavy discounting by competitors. 

• Ondas: The drone company follows at 42.5%. Ondas is set to report third-quarter results Thursday, with a conference call scheduled for 8:30 a.m. ET. In August, it guided for third-quarter revenue of $140 million to $155 million. 

• Kohl’s: The company, which carries short interest of 41.80%, raised its full-year earnings outlook in August after second-quarter profit jumped, helped by roughly $150 million in tariff refunds. 

• Beam Therapeutics: Shows short interest of 39.28%. Earlier this month, the company posted a third-quarter net loss of $134.4 million and said it finished the quarter with $1 billion in cash, enough to fund operations into mid-2029.

Shorts Cash In

• Dutch Bros: At 41.14%, Dutch Bros has handed short sellers big gains. The stock has dropped about 42% since January and traded near $35.50.

• Charter Communications: The company carries the highest share price on the list at $131.98. Bears hold 40.08% of its float. Shares have slid about 37% in 2026. 

• Sunrun: The solar panel company has rewarded bearish bets even more. The stock has lost more than half its value in 2026, falling about 52% to $8.79. Even so, 35.34% of its float remains sold short.

Replimune Squeezes the Bears

• Replimune Group Inc. (NASDAQ:REPL) may be the most painful position for bears. Short interest stands at 36.13% of float, and the stock has soared about 144% this year to $23.76.

MiniMed’s Thin Float

• MiniMed Group Inc. (NASDAQ:MMED) rounds out the top 10 at 34.39%. The company went public in March, and Medtronic plc (NYSE:MDT) completed its exit in October through an oversubscribed exchange offer, leaving it with no MiniMed shares. MiniMed shares trade near $17.83, about 11% below the $20 IPO price.

The Risk in Crowded Shorts

Big short positions carry their own risk. A crowded trade can turn into fuel for a sharp rally when good news forces bears to buy back shares in a hurry.

Replimune’s 2026 run shows how quickly the math can turn against short sellers. With Ondas reporting Thursday, at least one of these bets will be tested this week.

Reminders

• Highly shorted stocks are battlegrounds where negative fundamentals meet speculative trading.​
• Short squeezes can deliver huge, fast gains, but at high risk and volatility.​
• Monitoring the short interest leaderboard can help identify which stocks might be the next short squeeze, but timing such trades remains extremely challenging.​
• Always conduct due diligence, as the volatility often reflects deep underlying risks and business uncertainty.

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