Bears Back Off Chewy, Pile Into Lucid

Short sellers are shifting positions this week. The moves are revealing.

LCID stands out. Lucid Group's short interest climbed to 38.1% of free float, up from 35.7% a week ago. The cost to borrow is an eye-watering 229.7% APR. Bears are paying a steep price to maintain that bet.

SOUN remains one of the most squeezable names in the market. SoundHound AI sits at 41.6% SI % FF with near-zero availability. Any positive catalyst could ignite a violent short squeeze.

On the other side, bears are retreating from CHWY. Chewy's SI % FF fell from 67.3% to 63.3% over the week. That's still extremely high. But the direction has shifted. Availability is vast at 784% — plenty of room for more covering.

RDDT saw a notable unwind too. Reddit's short interest dropped from 12.3% to 11.5% FF in seven days. Bears are losing conviction on the social media platform.

Meanwhile, WOLF remains deeply shorted at 79.9% FF, down slightly from 83.2%. Wolfspeed continues to attract heavy bearish interest.

Among meme favourites, GME is flat at 13.7%. TSLA and NVDA remain lightly shorted at 3% and 1.3% respectively.

This is not financial advice.