Bears Circle Wolfspeed as CoreWeave Shorts Build

Short sellers are pressing harder on a handful of US names. The data shows two clear stories: extreme pressure on a struggling chipmaker and fresh bets against an AI cloud darling.

WOLF (Wolfspeed) sits at 85.6% SI % FF, one of the highest readings in the entire US market. Short interest rose another 1.75 percentage points over the past five days. Shares in the silicon carbide chipmaker have fallen 26% over three months. Availability stands at zero, meaning borrowable stock has dried up entirely for new short sellers.

CRWV (CoreWeave) is becoming a notable target. SI % FF climbed 2.56 points this week to 23.7%. The AI infrastructure company, valued at $28.5 billion, carries a cost to borrow of 0.47%.

LCID (Lucid Group) remains deeply in bears' sights at 63.5% SI % FF, with a 11% cost to borrow and near-zero availability. The EV maker's shares are down 55% over three months.

TSLA reports earnings today. German car registration data, a leading indicator for Tesla revenue, is running +269% year-on-year in the current quarter. Yet TSLA's SI % FF sits at just 2.6%, meaning short sellers have mostly stood aside ahead of the print.

CHWY (Chewy) holds the highest SI % FF on the screen at 89.2%, though borrowing is cheap at 0.4% and availability is ample at 518%.