Sustained Bearish Momentum
Figma (FIG) continues to attract significant short interest, with the latest data indicating a jump to 30.8% of free float. This represents a five-percentage-point increase over the past week, marking a record high for the name. The trend of increasing short positions has been building since February, when the stock first broke into double-digit short interest territory.
Liquidity and Coverage Constraints
Alongside the rise in short interest, the days-to-cover ratio has climbed from 3.3 to 4.2. This shift occurred despite a spike in trading volume following the company's Q1 earnings results in mid-May. The combination of record-high short interest and rising days-to-cover indicates that short sellers are not only maintaining their positions but are actively adding to them, creating a high-conviction bearish setup.
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.