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Market Commentary

Bears Pile Into Wolfspeed, Figma & Scholastic

By ORTEX News · Edited by , Editor, ORTEX NewsUpdated 1 min read

Produced automatically from ORTEX data and published under the ORTEX News editorial standards set by Peter Hillerberg, Editor, ORTEX News. How we publish

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Short sellers are moving fast this week. Wolfspeed leads the charge, with SI % FF jumping to 50.6% from 43.2% in just seven days. The chipmaker has shed over 60% in value this year. Bears are not letting up.

Scholastic saw an equally sharp move. SI % FF leapt from 13.9% to 22% in one week. The children's publisher has faced weak demand and restructuring pressure — now shorts are circling hard.

Design software firm Figma is drawing fresh attention. SI % FF climbed from 19.2% to 25.5% this week. The stock is newly public and bears appear sceptical of its valuation.

Wendy's is also under pressure. SI % FF hit 31.6%, up from 27.3% a week ago. Consumer spending fears are weighing on fast food names.

Nuclear power play NuScale saw shorts build too, rising to 21.8% from 17.6%. The energy transition trade is dividing opinion.

Meanwhile, Rumble sits atop the high short-score rankings with a score of 92.9 and 20+ days to cover — a potential squeeze candidate worth watching. SoundHound AI also carries 38% SI % FF with near-zero share availability, raising squeeze risk.

This is not financial advice.

How this article was generated

Generated
30 Apr 2026, 20:00
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Data sources
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ORTEX Market Intelligence content is generated by AI from a snapshot of ORTEX's proprietary data and reviewed by the ORTEX team. Content is informational only and does not constitute investment advice.