Bears Retreat From Chewy, Pile Into Wolfspeed

Short sellers made notable moves this week. Data as of September 24 shows sharp swings across several names.

CHWY saw the biggest squeeze signal of the week. Short interest dropped nearly 7 percentage points in seven days. It now sits at 67.2% of free float — still high, but bears are clearly backing off. Availability of shares to borrow is ample at 434% of SI.

WOLF tells a different story. Wolfspeed's short interest hit 80.4% of free float. Zero shares are available to borrow. Days to cover stands at 9.7. That combination is a classic short squeeze setup — but it needs a catalyst.

Micro-cap movers dominated the biggest weekly jumps. BRVE (Braveheart Bio) saw SI leap 359 points to 586% of float in a week. CTNT (Cheetah Net Supply Chain) blew out to 796% — up 658 points in seven days. These are thin, illiquid names where small position changes produce extreme readings.

AMC is in the news after announcing it will screen a film Elon Musk reportedly wants suppressed. Short interest is modest at 6.9% of float. Citigroup kept its Sell rating today but nudged the target to $2.20.

On the short score leaderboard, MMED (MiniMed Group) scores 90 with 68% of float shorted. SOUN (SoundHound AI) carries 41% SI at a short score of 76, down 1.8% over three months — a social media favourite that shorts have not abandoned.