Chewy Stock Lower Following Roaring Kitty Stake
Chewy(CHWY) Schaeffers Investment Research·2024-07-01 22:48
Short interest is rapidly unwinding, down 12.2% in the last two reporting periods, but shorts remain in control. The 19.91 million shares sold short account for 15.3% of Chewy stock's available float. The shares surged to a 2024 peak of $39.10 on Thursday, after Gill posted a picture of a dog on X. While the stock has cooled off from that rally, it's still trading above all long- and short-term moving averages. On track for its fourth consecutive day in the red, CHWY still added 43.8% in the last nine month ...