Bears Pile Into Chewy as Chip Stocks Wobble

Short sellers made a decisive move on CHWY this week. Short interest jumped to 81.2% of free float — up from 65.8% just seven days ago. That 15-point weekly surge is the largest single-week rise across large-cap US stocks tracked by ORTEX.

WOLF (Wolfspeed) sits at 80.8% SI with near-zero borrow availability. The chip maker has surged 162% in three months, but bears aren't backing off. Cost to borrow hit 9.6%.

GRPN (Groupon) also saw a sharp build. SI climbed from 65.6% to 74.1% in a week. The stock is up 38% over three months — a classic squeeze setup.

Elsewhere, FCEL (FuelCell Energy) jumped 6.6 points to 21.5% SI. BTDR (Bitdeer) rose to 42.8%.

The AI-linked names look different. NVDA short interest barely moved at 1.4% — despite headlines showing the Nasdaq briefly entering correction territory. Bears are not pressing chip longs.

TSLA SI actually fell slightly to 2.5%. GME dipped to 13.4%. AMC dropped over a point to 5.3%.

The clearest story: bears are building on beaten-down retail and clean energy names. They're avoiding the mega-cap tech shorts.