Bears Circle Chewy, Hertz and Five9

Short sellers have been busy this week. ORTEX data through August 4 shows notable moves across several names, with a few stocks drawing fresh bearish bets and others seeing bears retreat.

Biggest Movers Up

Five9 saw the most striking build among mid-caps. Short interest jumped to 15.0% of free float, up from 11.3% just a week ago — a gain of nearly 3.7 percentage points. Bears appear to be pressing the cloud contact-centre software firm hard.

Solid Biosciences also attracted new shorts. SI hit 40.1% of FF, up 8.2 points over the week. Cost to borrow remains modest at 0.5%, suggesting supply is still available.

Persistently Pressured

Chewy stays under heavy pressure with 78.4% SI of free float. Availability is ample at 458%, so bears can still add. Hertz is equally crowded at 82.0% SI, with zero shares available to borrow — a classic squeeze setup.

EverCommerce tops the short score rankings. Its CTB has surged to 56.4% APR, signalling intense demand to borrow.

Bears Backing Off

Wolfspeed is seeing some short covering. SI fell ~3.5 points to 77.1% FF over the week, though the stock remains deeply shorted and has no borrowable shares left.

Wix.com shorts trimmed positions too, with SI dropping to 24.8% from 28.0%.

This is not financial advice.