Bears Circle Chewy as Pet Stock Shorts Jump 25 Points

Short sellers turned aggressively bearish on CHWY this week. Short interest as a percentage of free float hit 91.2%, up from 65.9% just seven days ago, a jump of more than 25 percentage points. That makes Chewy one of the sharpest single-week moves in the US mid-to-large cap universe right now.

WOLF (Wolfspeed) remains the heavily-beaten semiconductor name on most-shorted lists at 83.8% SI. Shorts barely moved there, down fractionally, suggesting positioning has stabilised after a bruising run. The stock has dropped 22% in three months.

MARA is drawing attention from crypto traders and short sellers alike. SI sits at 28.3% of free float, and borrow conditions are tightening ahead of the November print. RIOT and CLSK are in a similar position across the bitcoin mining space.

AFRM shorts built modestly, with Goldman having trimmed its price target ahead of November earnings. SI moved from 5.7% to 6.2% of free float over the week.

GME short interest ticked up 3.6 points to 10.8%, a move still watched closely on social platforms where GameStop consistently generates noise.

TSLA shorts remained quiet at 2.5% of free float despite the stock reporting earnings on 21 October. ORTEX alt data shows German car registrations, which lead Tesla revenue by 43 days, running 269% above the same quarter last year. That reading points to a strong quarter, which may explain why bears are not pressing the position ahead of the print.