Bears Pile Into EVs and Chips

Short sellers went hard on electric vehicles and semiconductors this week. Lucid Group saw the biggest move among liquid names. Its SI % of free float jumped 14.4 points to 49.7% in seven days. Availability sits at just 0.4% of SI — shares to borrow are nearly gone.

Wolfspeed is even more extreme. Bears hold 83% of its free float short. That rose another 7.7 points this week. Zero availability remains. The silicon carbide chipmaker has become one of the most heavily shorted names in the US market.

Chewy also drew fresh bears. SI climbed 11.3 points to 63.6% of free float. Despite the high short interest, availability is ample at 482%. That signals shorts can still pile in — and a squeeze is less imminent.

Adobe is attracting attention after driving Friday's bearish tone. Its SI is a modest 4.5% of float, but news flow is negative following earnings fallout.

On the flip side, GameStop shorts are in full retreat. SI collapsed from 10.3% to just 1.1% of free float over the week — a 9-point drop. With a $10.3B market cap and 214% availability, the meme-stock squeeze playbook looks exhausted.

Bond market stress and oil supply shocks dominated macro headlines. Those pressures may keep short sellers active in rate-sensitive and energy-exposed equities heading into next week.