Bears Bailed on GameStop as Wix Shorts Pile In

GME delivered the week's most dramatic short-covering. SI % of free float collapsed from 15.1% to just 3.8% in seven days. That's an 11.3 percentage point drop. Bears fled fast.

The contrast with WIX is stark. Short interest in the website builder surged from 11.6% to 20.6% — a 9-point jump in one week. Availability sits at just 33.9%. That means shares to borrow are getting scarce fast.

WOLF remains the most shorted large stock in the US market. Wolfspeed's SI hit 77.2% of free float. Availability is effectively zero. Cost to borrow is 2.4%. Shorts are essentially locked in.

CHWY climbed to 52.6% SI % FF, up from 48.9% a week ago. Unusually, availability stands at a massive 528%. There is plenty of supply to keep adding to the short position.

On the social buzz side, LULU drew fresh attention after Citigroup cut its rating. Short interest rose 1.9 points to 12.7% this week. Bears are agreeing with Citi.

NET trended after-hours on news flow but shorts barely moved. SI sits at just 2.3%. The market is not betting against Cloudflare.