Bears Pile Into Chewy, Truckers, and Wolfspeed

Short sellers made notable moves this week. Three names stand out: CHWY, KNX, and WOLF.

Chewy leads the movers. SI jumped +4.4 percentage points in seven days. It now sits at 51.2% of free float — one of the highest readings among mid-to-large US names. Bears are not backing down despite the stock's pet-supply niche.

Knight-Swift doubles its short position. SI at KNX nearly doubled from 6.0% to 10.9% of free float in a week. That is a sharp +5.0pp swing. The trucking sector faces freight demand headwinds, and short sellers are pricing that in aggressively.

Wolfspeed has nowhere to go. WOLF sits at 74.8% SI of free float — one of the most heavily shorted names in the US market. Availability is zero. That means no new shares are available to borrow. Another +3.1pp was added this week. The SiC chipmaker's stock has fallen nearly 49% in three months.

SLM in focus. SLM short interest climbed +4.6pp to 14.2% of free float. Student loan servicers remain under pressure as delinquency concerns mount.

On social platforms, CHWY is trending as retail traders debate whether the 51% short float makes it a squeeze candidate. With availability at 537% of SI, there is plenty of stock to borrow — a squeeze is far from guaranteed.

Across the market, chip stocks remain in the spotlight. NVDA and AAPL carry minimal short interest below 2% of float, reflecting broad bullish conviction in mega-cap tech.