Bears Press Reddit, Chewy Leads the Most Shorted List

Short sellers are making fresh bets across several high-profile names. Data as of August 20 shows clear movers worth watching.

RDDT is the week's biggest social-media mover on the short side. SI jumped 4.1 percentage points in seven days. It now sits at 17.6% of free float. Bears appear unconvinced the platform can sustain its ad revenue growth. Reddit was highlighted as one of the week's most buzzed-about stocks.

CHWY remains the most heavily shorted large-cap name, with 59% of its free float sold short. Availability stands at nearly 597% — meaning plenty of borrow is still out there for new shorts.

SOUN carries 40% SI with zero availability reported. That's a dangerous combination for shorts. A sudden rally could trigger a squeeze, as new borrow is essentially dried up. Cost to borrow hit 7.8%.

PURR, the crypto-linked Hyperliquid Strategies, saw SI climb to 25% — up 7.5 points week-over-week, one of the sharpest rises across US-listed stocks.

On the covering side, SVV saw shorts flee fast. Savers Value Village's SI dropped over 9 points to 14.7%. stayed in focus on social platforms with SI at 13.3%, while , the SpaceX vehicle, shed nearly 4 points of SI as sentiment shifted.