Bears Circle Chewy as Short Sellers Shift

Short interest in CHWY (Chewy) climbed to 81% of free float as of August 5 — up from 75.6% just one week ago. That's a jump of 5.4 percentage points in seven days. Bears are piling in despite the pet-care retailer's $5.6 billion market cap. Days to cover stands at 2.8, keeping squeeze potential alive.

MVIS (MicroVision) carries one of the highest short scores on the market at 91.8. SI sits at 197% of free float. Availability is nearly zero at just 0.47%. Shares have fallen 68% in three months. Borrowing costs run near 18% APR.

On the opposite side, FBRX (Forte Biosciences) saw short interest plunge 30% in one week — dropping from 13.2% to 8.4% of float. Availability exploded to 2,113%. The stock has rallied 266% over the past month. Shorts are clearly covering fast.

NVAX (Novavax) flashed a warning sign. Utilization surged to 95.68%, near its 52-week peak. Availability collapsed to just 5% of short interest — down 79% in one week. At 31.8% SI of free float, a squeeze scenario is worth watching.

EverCommerce topped the short-score rankings at 95.5, with 23 days to cover and a borrowing cost of 41% APR. Analysts actually see the stock as overvalued — their target price sits 6.6% below current levels.

This is not financial advice.