Figma Short Interest Breakout
Figma (FIG) has seen its short interest as a percentage of free float jump five percentage points to 30.8%, marking a new record high. This follows a gradual increase in bearish positioning that began in February. The days-to-cover ratio has also risen to 4.2, suggesting that the short position is becoming increasingly entrenched. The divergence between the recent price action and the rising short interest suggests that market participants are betting heavily against the company's current valuation following its Q1 results.
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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