Bears Pile In: SpaceX, MGM, Chewy in Focus

Short sellers ramped up positions across several names this week. SPCX — SpaceX's listed entity — saw the biggest move among large-caps. SI % of Free Float jumped 3.6 points to 36.4% in just seven days. Borrow costs sit at 10.1% APR with near-zero availability, making new shorts expensive to open.

MGM Resorts drew fresh short interest too. SI % FF rose 2 points to 13%, a notable build for a $11B casino giant. Availability remains ample at 926%, so bears face little friction adding here.

CHWY remains one of the most shorted large consumer names. SI stands at a striking 102% of free float. The pet retailer carries a short score of 59 and 25 analyst coverage — yet borrow costs are just 0.5%, keeping shorts comfortable.

Biotech is crowded too. GALT Galectin Therapeutics carries 76.6% SI % FF with only 20.9% availability — a classic squeeze setup. Its stock is up 64% over three months, piling pressure on bears.

HTZ Hertz sits at 65.4% SI % FF with zero shares available to borrow. With earnings season in full swing and bulls broadly winning, any positive catalyst could force rapid short covering across these names.

Not financial advice.