Bears Circle Hertz, Wolfspeed, and MGM

Short sellers have been busy this week. Three names stand out for big moves in short interest, while CHWY quietly saw bears retreat.

Wolfspeed Shorts Near All-Time High

WOLF remains the most shorted large-cap name in the US. Short interest hit 81.1% of free float — up from 77.2% just one week ago. That 3.9 percentage-point jump is the biggest weekly increase among stocks with a market cap above $500M. Availability of shares to borrow sits at zero, making new short positions nearly impossible to open. Bears are deeply committed here.

Hertz Keeps Climbing the Short List

HTZ sits at 67.5% SI % FF, up 2.9 points in a week. The rental car firm has struggled financially, and short sellers show no sign of easing off. Cost to borrow remains low at 5%, meaning shorting is still accessible.

MGM Shorts Jump 2.2 Points

MGM saw short interest rise to 13.1% of free float from 10.9% last week. With over $11B in market cap, even a modest SI increase signals meaningful bearish activity from institutional sellers.

Chewy Bears Bail Out

CHWY SI dropped sharply — down 8.1 percentage points in seven days to 107% of free float. That's a major short cover. With availability at a massive 430%, there's still room to short, but recent covering suggests some bears are stepping away.