Chewy Stock Gets Much-Needed Post-Earnings Pop

The shares of Chewy Inc (NYSE:CHWY) are 14.3% higher premarket, after the online pet supply retailer unveiled a better-than-expected quarterly report. The company's first-quarter results featured adjusted earnings of 15 cents per share on revenue of $2.88 billion, both of which topped Wall Street's estimates. In addition, Chewy announced a share buyback plan of up to $500 million. A short squeeze could catch bearish bettors off guard. Short interest fell 3% in the most recent reporting period, yet the 22.69 ...