Bears Pile In on Chewy and Wix

Short sellers made bold moves last week. Chewy and Wix.com led the charge in new short-side interest among liquid US names.

Chewy under pressure. SI hit 52.3% of free float. That's up 4.6 percentage points in just seven days. Bears clearly don't buy the pet e-commerce recovery story. Availability stands at a massive 544% of SI — plenty of room for more shorts to pile in.

Wix surges on short radar. WIX jumped from 11.5% to 17.8% SI in one week. That's a 6.2pp move. Shorts are betting the web-platform firm's recent gains won't stick.

Wolfspeed remains a bear magnet. WOLF sits at 75.3% SI with zero shares available to borrow. The chip firm's stock has shed nearly 49% over three months. Bears are locked in.

Hertz not forgiven. HTZ carries 61.7% SI. Cost to borrow is 7.3%. Shares available to borrow: none. Shorts remain deeply committed to this turnaround skeptic.

GME short sellers quietly exit. GameStop SI fell 4.4pp to 10.3%. Shorts cut exposure fast — perhaps spooked by meme-stock history or just taking profits after a long run down.

Quantum stocks catch heat. Xanadu Quantum Technologies saw SI climb 3.9pp to 10.8%. Bears are growing skeptical of quantum computing valuations across the board.

Tenable Holdings also saw SI jump 4.4pp to 13.5%. Cybersecurity names are no longer immune from short sellers targeting stretched valuations.