Bears Pile Into CoreWeave; Chewy Shorts Retreat

CoreWeave saw the biggest short interest jump among US stocks with market caps above $500m this week. SI as a percentage of free float climbed to 24.1%, up from 20.4% seven days earlier. That 3.7 percentage point rise puts the AI cloud provider firmly in focus for short sellers.

Levi Strauss also drew fresh bearish attention. SI rose to 11.7% of free float, up from 9.0% a week ago. Denim demand worries and a sluggish consumer backdrop appear to be driving the trade.

Not everyone is pressing the short. Chewy shorts pulled back sharply. SI dropped 3.6 points to 88.6% of free float. Shares available to borrow remain plentiful at over 530% of SI, leaving plenty of room for further covering if sentiment shifts.

Wolfspeed stays deeply shorted at 85.5% of free float, though the position edged slightly lower from 86.4% last week. The semiconductor name carries nearly 10 days to cover, one of the highest in its peer group.

1-800-Flowers.COM remains extreme at 78.4% SI of free float, with 25 days to cover. Availability is tight at just 33%, limiting any fresh short pile-in.

Venture Global drew news this week after reports of an advanced LNG supply deal with QatarEnergy. Despite the headline, SI held steady near 8.3% of free float.

On the index radar, Wolfspeed and peer names face added pressure as the Russell 1000 boundary deadline hits October 30, with forced flows potentially adding volatility to already heavily shorted names.