Bears Pile Into CoreWeave, Chewy Shorts Retreat

Short sellers made a clear call on AI infrastructure this week. CoreWeave saw its short interest jump 3.7 percentage points in just six days, reaching 24.8% of free float as of October 22. Bears are circling the cloud AI stock heading into a heavy earnings week.

The opposite is happening at Chewy. Short interest fell nearly 5 percentage points to 86.7% of free float. That is still one of the highest readings among US-listed stocks, but the retreat signals some bears are covering. With availability at 534%, there is plenty of room left to short if sentiment turns again.

Wolfspeed remains a favourite for short sellers. SI held near 83.8% of free float with days-to-cover close to 10, meaning a squeeze would take significant time to play out.

Fabric.AI carries the highest cost to borrow among notable names at 236%, with an ORTEX short score of 92. Shares have already fallen 21% in three months.

EverCommerce also stands out with a short score of 96 and cost to borrow at 97%. Shares are down 16% over three months and availability sits at just 7.5%, making new short positions expensive to open.

On social platforms, Tesla and GameStop remain widely discussed. TSLA short interest is minimal at 2.7% of free float. GME sits at 10.2%, down slightly on the week.

Taiwan's September export orders hit a record high since 1984, driven by surging tech demand. That backdrop favours hardware names, but it has not stopped bears from targeting AI infrastructure plays like CoreWeave.