$Chewy, Inc.(CHWY)$ shorts got today a big slap in the face. 18% of float are shorted. Some of them are trying to take advantage from rally and increase a short position. It is a very dangerous decision. If shorts were unable to hold the stock down even on a more or less nice report they will fail to keep it down further. CHWY is already passed a rock bottom and started a long way to 50-60. It won't be a smooth road, rather big leaps and bounces. But a general trend definitely changed to upside.
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- snoozii·05-31Wow, your analysis on CHWY is spot on!LikeReport