Bears Pile In: Chewy, Wolfspeed Lead Short Surge

Short sellers turned aggressive this week. Data as of September 7 shows notable moves across several mid- and large-cap names.

CHWY topped the mover list. Chewy's SI % of Free Float hit 51.3%, up 4.4 percentage points in seven days. Bears are clearly unconvinced by any near-term e-commerce recovery story.

WOLF remains a battleground. Wolfspeed's SI sits at a punishing 74.8% of free float. Shares to borrow have dried up entirely — availability is at 0%. That squeeze setup is worth watching closely.

KNX saw the sharpest single-week jump among large caps. Knight-Swift's short interest nearly doubled from 5.95% to 10.9% in just seven days, signalling fresh bearish bets on the trucking sector.

SLM also drew new shorts. The student loan company's SI climbed from 9.6% to 14.2%. Oil name SM Energy and software firm WIX each gained over 4 percentage points too.

On the flip side, GME shorts retreated sharply. GameStop's SI fell from 14.9% to 8.9% — a 6-point drop in a week. Reddit's favourite meme stock is shedding bearish pressure fast.

ORCL grabbed headlines today after Oracle stock surged on news of a major AI infrastructure deal with META.