BKSY News & Events

Welcome to this week's installment of "The Short Interest Report" - The Fly's weekly recap of short interest trends among some of the most widely followed high-short-float stocks. Using the data from our partner, which utilizes the latest information from stock lenders to estimate short interest changes for thousands of publicly traded companies, this report will screen for some of biggest changes in short interest as a percentage of free float and days-to-cover ratios while also considering the short interest data on some of the more volatile and heavier-traded names of the week. Based on the availability of data from Ortex, the report tracks the trading period that covers prior Friday through Thursday of this week, excluding holidays. As a basis of comparison for stocks discussed below, the S&P 500 index was down 2.5%, the Nasdaq Composite was down 3.8%, the Russell 2000 index was down 0.5, the Russell 2000 Growth ETFwas down 1.3% and the Russell 2000 Value ETFwas flat in the five-day trading session range through June 11.SHORT INTEREST GAINERSOrtex-reported short interest in BlackSky Technologytroughed at a 9-month low of just below 20% on May 26 as the stock price was rounding out a nearly 3-times swing since the start of the year and a quadrupling since November lows. A timely downgrade from Jefferies suggesting that the excitement regarding space-themed stocks heading into the SpaceX IPO could be misplaced grounded the stock, however, and shares have since shed nearly 40% from their May 28 peak while also sparking renewed bearish interest. This week, short interest as a percentage of free float lifted from 21.9% to a three-month high of 24.6%, days-to-cover rose from 3.3 to 3.6 while the stock price fell 9.3%, with another 10% retreat on Friday. Year-to-date, BlackSky is still up a hefty 73%.Ortex-reported short interest in Summit Therapeuticstroughed just under 21% on May 18, rising gradually over the subsequent three weeks and then spiking sharply over the past few sessions. In the five-day period covered through Friday, Summit Therapeutics' short interest as a percentage of free float spiked from 22.7% to 28.0% - a three-week high. With a pick-up in trading volume over the past 10 trading days, days-to-cover on the name is up more incrementally, rising from 7.5 to 8.5 – a two-week high. The stock was off by 12% this week at a two-year-low, with the selloff gathering steam after the company's $500M equity offering. Shares also remain down 23% year-to-date.Ortex-reported short interest on Bobs Discount Furniturepeaked at a record-high of 28% on May 15, receded to 20% over the next two weeks, but has since bounced back toward those highs in June with rangebound price action in shares soothing any potential concerns of a violent short squeeze. This week, shorts as a percentage of free float rose from 23.7% to 27.5% and days-to-cover ticked up from 5.5 to 6.5. The stock was up about 2% in the five-day period covered but remains down 18% year to date. Assuming Friday's 3% gains hold, Bobs Discount is now down 19% from its IPO pricing level of $17.Ortex-reported short interest in Avis Budgettroughed at one-year lows around 35% on May 21 as bears took profits in conjunction with shares giving back the vast majority of their whopping 800% March-April gains. The stock appears to have found some footing, however, and while the advance from mid-May lows is far more gradual, shorts are accumulating into strength. This week, short interest as a percentage of free float rose from 39.6% to 45.8%, days-to-cover increased from 2.1 to 2.5%, and the stock advanced 9.7% in the five-day period through Thursday. Year-to-date, Avis Budget is now up 45%.SHORT INTEREST DECLINERSOrtex-reported short interest in HighPeak Energypeaked at a record high of 42.3% in the first week of June but fell sharply this week, sliding all the way down to a two-month low of 29%. Days-to-cover on the name also retreated by a meaningful margin, falling from 9.5 to 7.1 – a three-year low. A build-up in short exposure against the backdrop of higher energy prices boosting the sector may have finally culminated in a sharper short-squeeze outflow for the bears. While shares of HighPeak slipped about 3% in the five-day period through Thursday, the stock up 65% year-to-date and up 51% since the start of the Iran war.

Backtracking by President Trump regarding impending bombing of Iranian targets and the possible reversal of his threat to take over Kharg Island in a bid to control the country's oil industry soothed investor sentiment. Front-month WTI Crude Oil pulled back toward $85 - the lowest levels since mid-April - while Treasury yields saw a meaningful pullback, repricing inflation expectation, with added assistance from a notable rise in weekly jobless claims that dented a threat of a Fed rate hike. In equities, Basic Materials, Industrials, and Tech bounced sharply on renewed risk-on appetite while Energy and Consumer Staples underperformed.In the evening session, index futures remain bid, targeting a full reversal from two days of heavy selling. S&P e-minis are up 1%, Nasdaq 100 is up 1.1%, and Dow Industrials is up 0.8%. In metals, Gold and Silver are notably higher as US Dollar retreats. Among notable earnings, Adobewas down over 5% despite better than expected Q2 results and guidance raise, with the company warning that its strategic shift on freemium customers will also reduce the growth outlook for annualized recurring revenue in the second half of the year.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER AFTER EARNINGS -RHup 10.8%ALSO HIGHER -Space exploration / infrastructure stocks higher following SpaceX IPO pricing; Iridium Communicationsup 2.1%, Rocket Labup 3.6%, AST SpaceMobileup 5.8%, Intuitive Machinesup 3.1%, Planet Labsup 3.6%, Redwireup 8.9%, Spire Globalis up 3.5%, Virgin Galacticup 13.1%, and BlackSkyis up 4.0%.FormFactorup 1.3% after being upgraded at B.RileyDOWN AFTER EARNINGS -Adobedown 5.8%Laser Photonicsdown 4.2%Lennardown 2.5%

The S&P and Nasdaq added to their recent gains to kick off June as investors weigh continued U.S.-Iran tensions against continued strength in the AI trade. Oil prices jumped again as Iranian state media reported that the country's negotiators are ceasing communication with the U.S. and that Iran will completely close off the Strait of Hormuz because of Israel's attacks on Lebanon. However, President Trump said in response in a post to social media that talks arewith Iran. Nvidia led technology stocks higher following the launch of a new chip for PCs as traders continue to funnel money into AI-related names, semiconductors, data-center infrastructure, and power-generation plays.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Nvidiaunveiled adeveloped in partnership with Microsoftthat will be incorporated into a new RTX Spark chip for PCsTaylor Morrisonby Berkshire Hathawayfor $72.50 per share in cashWeatherfordNCS Multistagein a cash and stock transactionMcDonald'sannounced, the company's new strategy to unlock its "next phase of growth and productivity"Anthropic confidentially submitted a draft registration statement on Form S-1 to the SEC2. WALL STREET CALLS:Dell Technologiesto Equal Weight at Morgan StanleyCampbell'sto Equal Weight at StephensKohl'sto Buy at CitiRedwireto Hold at Jefferies following 223% advanceHawkEye 360with mostly Buy and equivalent ratings3. AROUND THE WEB:Applehas pushed into finance with a bill splitting service, Bloomberg reportsInteland 3DGS Inc. USA will invest about $3.3B to build a semiconductor substrate manufacturing plant in the Odisha's Bhubaneswar-Khurda region, Reuters reportsApproximately 1,000 workers at the American Axle plant in Three Rivers, Michigan are set to strike, which will stall production of key parts for certain General Motorstrucks, WSJ saysAppleis delaying iPhone-connected smart glasses to late 2027, aiming to disrupt the mid-tier $200-$500 eyewear market the way it disrupted the watch market, Bloomberg reportsSoftBankhas become Japan's largest company in market value, driven by AI demand and rising global investor interest in the sector, FT says4. MOVERS:Optimum Communicationswas higher after launching aMGM Resortsrose after People Incorporatedthe company for $48.30 per share in cashAMCgained after recording itsof May since 2019Immuneeringfell afterfrom its Phase 2a trial evaluating atebimetinib in combination with modified gemcitabine/nab-paclitaxelBlackSkywas lower after Jefferiesthe stock to Hold from Buy5. EARNINGS/GUIDANCE:Rapid7backed itsand FY26SAICand raised its guidance for FY27Humanareaffirmed itsCango, with EPS and revenue lower year-over-yearBroadcomwillon June 3, 2026INDEXES:The Dow rose 46.42, or 0.091%, to 51,078.88, the Nasdaq gained 114.19, or 0.42%, to 27,086.81, and the S&P 500 advanced 19.90, or 0.26%, to 7,599.96.