Bears Circle Figma, Vail & Nuclear Plays

Short sellers are making bold moves this week. Data as of April 28 shows a surge in bearish positioning across mid-cap names. Here are the biggest movers.

FIG is the standout mover among larger stocks. Figma's short interest jumped to 25.3% of free float — up 6.3 percentage points in just seven days. Bears appear unconvinced by the design software firm's post-IPO momentum.

MTN is another notable riser. Vail Resorts saw SI climb to 22.1% FF, gaining 5.8pp in a week. A rough ski season outlook and falling consumer spending are pressuring the stock.

SMR and OKLO both saw sharp increases. NuScale Power hit 21.7% FF (up 4.3pp). Oklo crossed 21.1% FF (up 3.3pp). Nuclear hype is meeting short-seller skepticism.

PATH continues attracting bears. UiPath's SI hit 26.2% FF, rising 3.8pp this week. Automation software faces a tough macro backdrop.

Among extreme shorts, LUCK (Lucky Strike Entertainment) carries an ORTEX Short Score of 92.6 with 22.5 days-to-cover. RUM (Rumble) holds a score of 92.1 with SI at 26% FF and near-zero availability — a classic squeeze setup.

In micro-caps, ONCO (Onconetix) saw its SI explode to 513% of free float, up from just 20% a week ago — an extraordinary build worth watching closely.