Near-Real-Time SI Spike: FIG
Figma (FIG) has experienced a sharp increase in bearish sentiment, with short interest as a percentage of free float jumping five percentage points to 30.8%. This is the highest level on record for the company, continuing a trend of gradual increases that began in February.
Liquidity and Coverage
The days-to-cover ratio has risen to 4.2, up from 3.3. This increase in the time required to cover positions, despite a spike in trading volume following Q1 results, indicates that short sellers are maintaining or increasing their exposure despite the potential for price volatility. The data, sourced from Ortex, provides a more current view than the stale bi-monthly FINRA reports.
Key Takeaways
- Short interest as a percentage of float hit a record 30.8%.
- Days-to-cover ratio increased to 4.2.
- The trend shows consistent growth in short positions since February.
The Bottom Line
Figma's record-high short interest suggests that institutional investors are increasingly betting against the company's near-term performance, creating a high-stakes environment for shareholders.
Signal data sourced from Yahoo Finance. This post is an original analysis prepared by The Forensic Ledger from publicly available data. Not investment advice.
Not investment advice. This is original reporting and analysis prepared by The Forensic Ledger from publicly available data. Nothing here is a recommendation to buy, sell, or hold any security. Always consult the original source and a licensed professional. See our full disclaimer and source-citation policy.