Bearish Sentiment Escalates in Figma
Figma (FIG) has witnessed a notable increase in short interest, with the percentage of float sold short jumping to 30.8%. This represents a five-percentage-point increase in a single week, according to Ortex data. The steady climb in short interest, which began in February, has now reached record levels, signaling growing institutional skepticism.
Liquidity and Squeeze Potential
The days-to-cover ratio has risen to 4.2, reflecting the increased difficulty for short sellers to exit their positions without impacting the share price. Given the record-high short interest and the recent trend of rising borrow demand, Figma remains a high-risk name for those holding short positions, as any positive news could trigger a significant covering rally.
Signal data sourced from Yahoo Finance. This post is an original analysis prepared by The Forensic Ledger from publicly available data. Not investment advice.
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