Bears Pile Into Chewy as MVIS Squeeze Bites

Short sellers added pressure to CHWY this week. Short interest jumped to 81% of free float, up from 75.6% just seven days ago. That's a 5.4 percentage point surge — one of the biggest weekly moves across large-cap US stocks. Peloton's weak Q4 numbers, with connected fitness revenue down 14%, drew attention. Yet PTON short interest held flat at 14.5% — bears appear unmoved for now.

The real short squeeze story is MVIS. Short interest cratered from 288% to 197% of free float in a week. That's a massive 91-point drop. MicroVision's cost to borrow sits at 15.3% APR — significant pressure for shorts to cover fast.

EVCM carries the highest cost to borrow in focus names at 43.8% APR. Its short score of 95 is the highest on the platform. That combination signals extreme pain for anyone holding a short position.

HTZ shorts eased slightly. SI fell from 84.3% to 82.1% over the week. Still, at 82%, Hertz remains one of the most shorted names with real size.

IONQ surged after a Q2 earnings beat and raised its 2026 outlook. Short interest barely moved at 13.5% — bulls are running this one for now.

WOLF shorts held firm at 79% of free float despite a 31% three-month price drop. With no signs of cover, Wolfspeed remains in the bear grip.