Bears Circle Chewy, Shorts Flee GameStop

Short sellers made decisive moves this week. Chewy saw the biggest jump among mid-cap names. Its SI % of FF hit 52.3%, up 4.6 percentage points in seven days. That is an aggressive new bet against the pet retailer.

Wix.com also caught fresh short attention. SI rose sharply to 17.8% of free float, up 6.2 points in a week — the largest 7-day gain tracked across US names with market caps above $500M.

Meanwhile, the meme crowd got a win. GameStop short interest collapsed. SI fell from 14.7% to 10.3% of free float in seven days — a 4.4-point drop. Bears are retreating fast.

Rare earth plays are dominating ORTEX alerts. USA Rare Earth hit a critical squeeze signal today. Borrow availability crashed 96% in one week, dropping to just 1.9% of short interest. Utilization is maxed at 100%. New short positions are nearly impossible to open.

Wolfspeed remains the most shorted large-cap semiconductor. SI sits at 75.8% of free float with a cost to borrow of just 2.6%. Bears are holding firm despite the stock's 60% drop over three months.

EverCommerce carries an ORTEX short score of 94 — one of the highest in the market. Days to cover sits at 20. Cost to borrow stands at 40% APR.