Bears Circle Chewy, Hertz and NIO as Short Interest Heats Up

Short sellers are making bold moves heading into autumn. Chewy saw its SI % FF jump 5 points in a week to 51.5%. That is one of the sharpest single-week climbs in the market right now.

Hertz remains a battleground. Bears hold 61.9% of free float short. Yet the stock rallied 52% in a month. With zero shares left to borrow, a squeeze is a real risk.

NIO grabbed headlines today. Borrow dried up post-earnings as short interest climbed. Availability fell to just 4.2% of SI. That means finding shares to short is nearly impossible right now.

EverCommerce carries the highest cost to borrow in our screen at 44% APR. Bears are paying dearly to hold that position. SI sits at 14.5% of free float with only 8.4% availability.

Hims & Hers Health saw shorts rebuild slightly after the stock slipped. SI stands at 27.2% of free float.

On the cover side, Wendy's borrow costs collapsed as shorts kept covering. Expedia saw short interest fall 21% in a week to 4.4% of float — its lowest level since late August.

Knight-Swift Transportation KNX posted a notable 4.9-point SI jump over the week to 10.9% of free float, worth watching if freight data disappoints.