Short sellers are betting heavily against 10 stocks, and the fuse is getting shorter. Each one has more than 38% of its float sold short, with market caps above $2 billion and average daily volume above 1 million shares, according to Benzinga Pro screener data as of Oct. 12.
At the top of the list, bears hold positions equal to more than three-quarters of the shares available to trade.
Venture Global Inc. (NYSE:VG) leads at 77.73%. MiniMed Group Inc. (NASDAQ:MMED) follows at 63.77%, and Dutch Bros Inc. (NYSE:BROS) rounds out the top three at 50.54%.
- SOUN stock is moving. See the chart and price action here.
LNG Legal Overhang
Venture Global’s short base sits on top of a string of arbitration fights with LNG buyers. A tribunal ruled last week that its Calcasieu Pass unit breached a supply deal with Portugal’s Galp, the company’s second loss in those disputes, Reuters reported.
Galp damages are capped at $170 million. BP is seeking at least $3.7 billion from its earlier win, according to Reuters.
Thin Float at MiniMed
MiniMed’s ranking reflects a small tradable float. Medtronic PLC (NYSE:MDT) kept roughly 90% of the diabetes-device maker after its $20-per-share IPO in March, according to Axios.
Truist said in late September the stock is near the final stage of its split-off from Medtronic, CNBC reported. A completed split-off would put far more shares into circulation, which could quickly shrink the short-interest percentage.
Coffee, Bitcoin, Retail Bears
Dutch Bros has lost about 44% over three months, though Bank of America analyst Sara Senatore still sees value, saying concerns about same-store sales and drive-thru competition “have weighed disproportionately on valuation,” CNBC reported.
Kohl’s Corp. (NYSE:KSS) ranks 10th at 38.57%, up from 27.58% in mid-August, according to Benzinga Pro data. The retailer briefly doubled in a meme-style rally in July 2025, when roughly half its float was sold short.
Under Armour Inc. (NYSE:UAA) sits fourth at 45.54% of shares sold short.
Two Bitcoin (CRYPTO:BTC) miners made the list. CleanSpark Inc. (NASDAQ:CLSK) has 41.56% short interest, while Bitdeer Technologies Group (NASDAQ:BTDR) sits at 41.23%.
See More: Top Momentum Stocks
AI and Drones
SoundHound AI Inc. (NASDAQ:SOUN), at 38.96%, was the weakest name on the screen, sliding 6.91% to $5.02, per Benzinga Pro data. The drop took shares below Friday’s 52-week low of $5.36 and its RSI of 24.51 is deep in oversold territory.
Ondas Inc. (NASDAQ:ONDS), at 39.48%, is the most actively traded stock on the list, averaging 78.39 million shares a day. Citizens started coverage on ONDS last week with a Market Outperform rating and a $14 price target.
Beam Therapeutics Inc. (NASDAQ:BEAM) has 41.49% short interest and the lowest trading volume in the group.
Short Squeeze Setup
Crowded shorts can cut both ways. Any upside surprise forces bears to buy back shares, and a thin float magnifies the move. Kohl’s already looks stretched. SoundHound AI, CleanSpark and Dutch Bros, with RSI readings near or below 31, look oversold.
Short Interest Table
| Company | Ticker | Short % of Float |
| Venture Global Inc. | (NYSE:VG) | 77.73% |
| MiniMed Group Inc. | (NASDAQ:MMED) | 63.77% |
| Dutch Bros Inc. | (NYSE:BROS) | 50.54% |
| Under Armour Inc. | (NYSE:UAA) | 45.54% |
| CleanSpark Inc. | (NASDAQ:CLSK) | 41.56% |
| Beam Therapeutics Inc. | (NASDAQ:BEAM) | 41.49% |
| Bitdeer Technologies Group | (NASDAQ:BTDR) | 41.23% |
| Ondas Inc. | (NASDAQ:ONDS) | 39.48% |
| SoundHound AI Inc. | (NASDAQ:SOUN) | 38.96% |
| Kohl’s Corp. | (NYSE:KSS) | 38.57% |
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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