Bearish Momentum in FIG
Figma (FIG) is experiencing a significant increase in short selling activity. According to the latest Ortex data, short interest as a percentage of free float has surged by five percentage points to 30.8%, marking a new record high for the stock. This follows a trend of gradual increases that began in February when the stock first broke into double-digit short interest territory.
Squeeze Risk Assessment
Accompanying the rise in short interest is an increase in the days-to-cover ratio, which has moved from 3.3 to 4.2. This shift occurred despite the heightened trading volume observed following the company's Q1 earnings release in mid-May. The combination of record-high short interest and rising days-to-cover indicates that short sellers are maintaining or expanding their positions despite market volatility, creating a setup that warrants close observation for potential squeeze dynamics.
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.