Bears Pile Into Gunmaker, Flee Pet Retailer

Short sellers made sharp moves this week. The data shows a clear divide: bears doubled down on some names while covering hard in others.

SWBI saw the most striking shift among mid-caps. Smith & Wesson's SI % of free float jumped to 10.1% from 6.0% in just seven days — a 4 percentage point leap. No obvious catalyst, but the move is significant.

SIG also drew fresh shorts. Signet Jewelers climbed to 17.8% SI % FF, up 3.4 points week-on-week. Macro pressure on consumer spending appears to be the driver.

On the other side, CHWY saw notable short covering. Bears trimmed from 77.7% to 74.1% SI % FF — still extreme, but the trend is moving against the shorts.

SPCX (SpaceX) also saw heavy covering. SI dropped nearly 5 points to 20.7% in a week.

STNE is the headline grab today. ORTEX flagged a 54% surge in short interest over one week, bringing SI to 6.7% of float. Brazil macro fears hit fintech names hard.

WOLF remains the most structurally shorted large name. Wolfspeed sits at 82.4% SI % FF with zero shares available to borrow — a dangerous setup for either side.

NFLX faces fresh analyst pressure too. Wells Fargo cut to Underweight, slashing its target 29% to $57.