Bears Double Down: Wolfspeed, GALT, and a Squeeze Watch

Short sellers are active across multiple names this week. The data through August 6 shows some eye-catching moves worth watching.

CHWY leads the squeeze watchlist. Short interest sits at a massive 111% of free float. Bears have been covering though — SI dropped 5.4 percentage points in just seven days. With availability at 392%, more short ammo remains, but covering pressure is real.

WOLF bears aren't budging. Wolfspeed holds 80% SI % of FF. The semiconductor firm has shed nearly 30% in three months. Short sellers show no sign of backing down.

GALT stays extreme. Galectin Therapeutics carries 303% short interest of free float with a short score of 90. Days-to-cover stands at 24. That combination signals serious squeeze risk if sentiment shifts.

The week's biggest SI jump goes to Ocado. OCDO surged from 6% to 33% SI % of FF in seven days — a 26-point spike. Bears clearly moved hard into the UK grocery tech company.

SOUN shorts ease slightly. SoundHound AI trimmed SI from 43.4% to 43.2% FF. Despite heavy social buzz around AI voice stocks, bears are not rushing for the exits.

GME creeps higher. GameStop SI ticked up 1.3 points to 14.5%. Meme stock chatter persists online, but the short interest remains far below its peak levels.

SMCI holds firm at 17%. Super Micro Computer, featured in this week's chip roundup, sees steady short interest with plenty of borrow availability at 142%.

This is not financial advice.