Chewy Inc (CHWY) News & EventsCHWYChewy Inc

Chewy Short Interest Surges to 91.3%

Welcome to this week's installment of "The Short Interest Report" - The Fly's weekly recap of short interest trends among some of the most widely followed high-short-float stocks. Using the data from our partnerwhich utilizes the latest information from stock lenders to estimate short interest changes for thousands of publicly traded companies, this report will screen for some of biggest changes in short interest as a percentage of free float and days-to-cover ratios while also considering the short interest data on some of the more volatile and heavier-traded names of the week. Based on the availability of data from Ortex, the report tracks the trading period that covers prior Friday through Thursday of this week, excluding holidays. As a basis of comparison for stocks discussed below, the S&P 500 index was down 0.3%, the Nasdaq Composite was down 1.8%, the Russell 2000 index was down 1.0%, the Russell 2000 Growth ETFwas down 1.6% and the Russell 2000 Value ETFwas down 0.2% in the five-day trading session range through October 15.SHORT INTEREST GAINERSOrtex-reported short interest in Chewycontinues to surge despite the stock's rebound from a three-month low reached on October 2, suggesting bears remain undeterred by the recovery. Short interest as a percentage of free float jumped from 66.0% to 91.3% this week, reaching its highest level in three years, while days-to-cover climbed from 2.7 to 3.8 as trading volumes in October receded from elevated September levels. Shares of Chewy has rallied by about 13% over the five-day period covered through Thursday but is still down 37% year-to-date.Ortex-reported short interest in Neurogenehad remained relatively stable in the 27%-29% range since the first week of July, but bearish positioning climbed this week to a three-month high. Short interest as a percentage of free float jumped from 29.1% to 43.6%, while days-to-cover climbed from 13.5 to 18.7 despite elevated trading volume over the past two weeks. Shares declined 9.6% over the five-day period through Thursday, reversing a 2% gain the previous Thursday that followed a bullish initiation of coverage by JPMorgan, which highlighted the potential of NGN-401. The stock fell another 3% this Friday but remains up 13% year-to-date.For two months Ortex-reported short interest in Sailpointtracked in a 28% to 30% range while the stock price consolidated its run-up of the June-August period. This week however, as shares slipped to one-month lows, bearish positioning broke out to new highs. In the five-day period covered, short interest as a percentage of free float rose from 27.7% to 33.5%, a two-month high. Days-to-cover on Sailpoint rose from 5.0 to a 5-month high of 6.0, tracking a modestly higher increase in trading volume during September and October. The stock was down 1.4% in the 5-day session range but fell another 5% on Friday. Year to date, shares of Sailpoint are now down by over 7%.Ortex-reported short interest in Surgery Partnerstroughed at 11-month lows of 18.5% in the final week of August, though with the stock bouncing about 10% in the month of October, bearish positioning is on the rise to fade the rally. This week short interest as a percentage of free float on Surgery Partners rose by about four percentage points to 24.6% - a two month high. Days-to-cover was up by a more marginal increment due to rising trading volume in August and September, going from 6.4 to 6.8. In the 5-day period covered, shares of Surgery Partners were up 8.3%, though year-to-date, the stock is down 5.4%.SHORT INTEREST DECLINERSOrtex-reported short interest in Strivepeaked at 34.7% on October 2 but has since declined for two consecutive weeks, suggesting bears have been locking in profits amid the stock's recent pullback. This week, short interest as a percentage of free float fell from 33.5% to 25.2%, its lowest level since September 2, while days-to-cover dropped from 3.7 to 2.6. Trading volume has risen markedly since mid-August, coinciding with Strive's acceleration of cryptocurrency purchases. Shares declined 9.1% over the five-day period through Thursday but have more than doubled from their August lows and remain up 63% year-to-date.

Chewy Files Automatic Mixed Securities Shelf

Chewy files automatic mixed securities shelf

Major Averages Surge as Inflation Pressure Eases

The major averages closed sharply higher to end an otherwise down week. The rebound came as oil prices retreated from their recent highs, easing some of the inflation pressure that has pushed Treasury yields to multiyear highs.The August consumer price index report came in roughly in-line with expectations, with headline consumer prices rising 0.4% month over month and 3.4% from a year earlier, while core CPI increased 0.3% monthly and 2.4% annually. The firmer-than-expected core reading suggests underlying inflation remains sticky.Markets are now pricing about 90% odds of a 25-basis-point Fed hike next week, a dramatic change from the expectations for rate cuts that dominated the market earlier in the summer.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Oracleprovided areport for Q1Adobealso provided areport for Q3CopartACV Auctionsfor $10.50 per share in cash, representing an implied equity value of approximately $1.9BKrogerreportedand reiterated its FY26 adjusted earnings guidanceOpenAI CEO Sam Altman told staff the company could slow down the development of AI,2. WALL STREET CALLS:NuScale Powerto Sell from Neutral at UBSJPMorganChewyto Neutral, citing pressure on organic growthBarringtonCopartto Outperform from Market PerformInternational Paperto Buy at BofA following pullbackBernsteincoverage of Shopifywith an Outperform rating3. AROUND THE WEB:PayPalCEO Enrique Lores is planning to run the company as a standalone business after a proposed buyout valued at over $50B stalled, WSJ reportsBroadcom'sVMware licensing overhaul is drawing deeper EU antitrust scrutiny as regulators investigate whether changes to VMware's software licensing and pricing are harming cloud providers and their customers, Bloomberg reportsColgate-Palmoliveis weighing a sale of certain mass-market personal care brands, including Softsoap, Irish Spring, and Speed Stick, and is working with Goldman Sachson the process, Reuters reportsAlibabais set to lead a $300M investment in UniPat AI, valuing the company at $2.5B, Bloomberg reportsNvidiais facing DOJ scrutiny over whether its $17B non-exclusive Groq licensing deal and hiring of key executives were structured to avoid antitrust review, NY Times says4. MOVERS:Celesticagained in New York after announcing Chawla willof group president, global markets, and Ankenmann will succeed him as chief financial officerSPS Commerceincreased after Bloombergthe company is in talks to be acquired by GTCRDell Technologieswas higher after RBC Capitalcoverage of the stock with an Outperform ratingOklofell after entering into anfor up to $1BTenablewas lower after pricing its upsized5. EARNINGS/GUIDANCE:RH, provided guidance for Q3, and narrowed its outlook for FY26Ibex, with CEO Bob Dechant calling it a "record-breaking quarter"Zumiez, with EPS and revenue missing consensusReformationand provided guidance for FY26MoneyHero, with EPS and revenue lower year-over-yearINDEXES:The Dow rose 508.71, or 0.98%, to 52,572.81, the Nasdaq gained 251.31, or 0.96%, to 26,333.04, and the S&P 500 advanced 65.18, or 0.86%, to 7,656.88.