Bears Circle Figma, Vail & NuScale

Short sellers sharpened their bets across several names this week. Data through April 30 shows some striking moves.

Figma (FIG) saw one of the biggest jumps among larger names. SI % of Free Float climbed to 24.9%, up 6.2 percentage points in seven days. The design software firm only went public recently. Skeptics are already circling.

Vail Resorts (MTN) jumped to 22.3% SI from 16.2% a week ago — a 6-point rise. Soft ski season traffic and macro pressure on discretionary spending appear to be driving the trade.

NuScale Power (SMR) edged up to 21.8% SI, adding 4.4 points. The small nuclear play remains a favourite short target for bears questioning its commercialisation timeline.

Wolfspeed (WOLF) stays deeply shorted at 50.1% SI, with another 4.2-point rise this week. Earnings pressure keeps bears committed.

On the squeeze side, Avis Budget Group (CAR) saw the biggest SI drop — down a massive 35.6 points to 64.9%. Short covering accelerated sharply. With 20-plus days-to-cover, Rumble (RUM) carries the highest short score among $1B+ names at 93.2. Availability sits near zero at just 0.06% — a classic squeeze setup.

BBAI shorts held firm ahead of earnings despite a recent rally, per ORTEX News.