Bears Pile Into Chewy as Squeeze Pressure Builds

Short sellers are stepping up bets on pet retailer CHWY. Short interest hit 81% of free float this week. That is up 5.4 percentage points in just seven days — the biggest weekly jump among large-cap US stocks.

GME is also attracting fresh shorts. GameStop's SI climbed to 14.4% of FF, up 1.3pp in the past week. Meme stock watchers on Reddit and X are already flagging the build-up.

The most extreme squeeze risk sits elsewhere, though. EVCM, the SaaS firm EverCommerce, carries a short score of 95 — the highest in the market. Its cost to borrow has surged to 43.8% APR, signalling how hard it now is to find shares to short.

LCID remains deeply shorted at 32% of FF. Borrow costs have hit 49.7% APR with barely any shares available (0.57% availability). That is a toxic mix for short sellers if a catalyst arrives.

SOUN sits at 43% SI of FF with a cost to borrow above 13%. WOLF stays near 77% of FF — unchanged week-on-week, but days-to-cover of five means an exit would be slow and painful.

The Dow fell over 450 points today as oil prices rose. Heavily shorted names typically face the most volatility in risk-off sessions.

This is not financial advice.