Bears Circle Chewy as Car Rentals Bleed

Short sellers turned aggressive on CHWY this week. Short interest as a % of free float jumped 14 points in seven days — from 66% to 80%. That is a massive move. Bears are clearly betting the pet retail rally has run its course.

HTZ is also deep in short territory. Hertz hit 84% SI % FF, up 7.5 points over the week. The car rental sector is under pressure. Rival CAR (Avis Budget) rose 5 points to 35% in the same window.

WOLF (Wolfspeed) remains the most heavily shorted semiconductor name. SI % FF sits at 119% on the short extremes screen — short sellers are not backing off despite a 162% three-month price surge.

LUCK (Lucky Strike Entertainment) tops the short score table with a reading of 96. Days to cover stands at 47. Cost to borrow is 28%. That is a name hedge funds have in the crosshairs.

GRPN (Groupon) added another 8.7 points this week to hit 74% SI % FF. Meanwhile FT headlines note hedge funds are broadly raising bets against US-backed critical minerals firms. Short sellers are not retreating — they are picking new targets daily.

GME sits at a modest 13% SI % FF. The meme trade is quiet for now.