Burry Covers Half of His Oracle Short Bet

Famed investor Michael Burry, known for his big bets against the market, has covered half of his short position in Oracle (ORCL), according to a recent filing. The move comes after the stock hit a fresh 52-week low of $121.50 on Friday, July 18, which is roughly 63% below Oracle's all-time high of $345.72.

Details of the Move

According to the filing, Burry covered 50% of his short position in Oracle. The filing did not specify reasons, but the timing coincides with the stock reaching its lowest level in over a year.

Context

Burry's short bet on Oracle was one of the most consequential short calls of 2026, as the stock collapsed more than 60% from its peak. The trade has been highly profitable for Burry.

Impact on the Stock

Following the news, Oracle shares edged slightly higher in after-hours trading, but remain near their lows. Some analysts see Burry's partial cover as a signal that the stock may be near a bottom, though fundamentals remain challenged.

What This Means for Investors

Burry's decision to cover half of his short does not necessarily indicate a bullish view; it could be risk management or profit-taking. Investors should watch for upcoming earnings and company developments to gauge the stock's direction.