$CHWY has a short interest of about 12% but continues to publish good quarterly numbers and bought back $200M of shares in Q1 alone,l

This stock is weird. They’re down 42% over the last year (even more from its pandemic peak), but they have been publishing solid moderate growth quarter over quarter. What I find interesting is they purchased back $200M of shares at an average price of $26 per share, and then they got another authorization for $500M. The stock has now been lower in Q2 where it has hovered around $20 per share. If they do a similar buyback in Q2 and publish good numbers again, this would be of great interest. Thoughts?