Bears Pile In: EV, Chips, Retail Take Heat

Short sellers stepped up their bets across several popular names this week. Data as of September 10 shows the biggest weekly movers carry eye-catching numbers.

Lucid Group saw the sharpest jump among large names. Its SI % FF leapt to 49.7%, up 14.4 percentage points in just seven days. Borrowing costs stand at 6.6% APR. Availability is razor-thin at just 0.4% of SI. That combination signals short sellers are crowding in fast.

Chewy is another mover. SI % FF hit 63.6%, up 11.3 points over the week. Availability is very high at 482%, so bears have no shortage of shares to borrow — and they are borrowing them.

Wolfspeed remains one of the most shorted chip stocks in the US. SI % FF sits at 83%, up another 7.7 points this week. The stock has lost 44% in three months. Zero shares are available to borrow — a hard-to-short, heavily-squeezed setup.

On the cover side, GameStop saw a dramatic 9.2-point SI drop, now just 1.1% of FF. Short sellers have nearly fully exited the famous meme trade.

EverCommerce tops the short score leaderboard at 94.5, with a 37.6% cost to borrow. Bears appear deeply committed despite the stock falling 30% in three months. Macro noise — record diesel prices and rate hike odds hitting 90% — adds more pressure across rate-sensitive names this week.