Bears Pile Into Chewy and Wolfspeed

Short sellers turned aggressive this week on a handful of mid-cap names, while GameStop shorts quietly retreated.

Chewy under siege. Chewy's short interest climbed to 51.5% of free float as of September 4 — up from 46.4% just a week ago. That 5-point jump in seven days is one of the biggest moves seen across mid-cap US stocks. Bears appear unconvinced by any near-term pet retail recovery.

Wolfspeed stays toxic. Wolfspeed sits at nearly 75% of free float shorted, with availability at zero — meaning there are essentially no shares left to borrow. Short interest ticked up another 3.6 points last week. With a 49% price drop over three months, the bear case has paid off.

Truckers in the crosshairs. Knight-Swift saw its short interest jump nearly 5 points to 10.9%. Covenant Logistics also climbed. Freight sector weakness is clearly driving fresh bearish bets.

GameStop shorts flee. GME short interest fell from 14.9% to just 8.9% in a week — a 6-point drop. Short sellers are covering fast, possibly fearing another retail squeeze catalyst.

WIX joins the most-watched list. Wix.com short interest jumped from 11.1% to 15.8%. The web platform stock has drawn renewed skepticism from bears despite a broadly stable tech sector.

Data as of September 4, 2026. Not financial advice.