BOBS 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.

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 up 1.6%, the Nasdaq Composite was up 2.4%, the Russell 2000 index was up 3.3%, the Russell 2000 Growth ETFwas up 4.0% and the Russell 2000 Value ETFwas up 3.3% in the four-day trading session range through May 28.SHORT INTEREST GAINERSOrtex-reported short interest on Tempus AIhad tracked in the 21% to 25% range since the first week of March before jumping this week from 23.3% to 30.5% - the highest level on record. Days-to-cover on the stock also hit its highest print, rising from 4.8 to 6.5, with the bulk of the increase coming on Thursday in spite of the spike in trading volume. Overall, the stock was up 10.3% in the four-day period covered this week, with the rally catalyzed by the announced expansion of indications to the company's Next platform ahead of the 2026 American Society of Clinical Oncology Annual Meeting, prior to Friday's 2% slip. Year-to-date, TempusAI is now down about 15%.Ortex-reported short interest in Figmahad broken out into double-digits in February and continued to rise gradually over the past several months. Over the past month, however, while investors have seemingly gained conviction that the pressure over the post-IPO period may have subsided as the stock price rallied, the accumulation on the bearish side has also accelerated. This week, short interest as a percentage of free float jumped five percentage points to 30.8% - the highest level on record. Days-to-cover on the name similarly turned up, in spite of the spike in trading volume seen after the company's Q1 results in mid-May, rising from 3.3 to 4.2, also a record high. Shares of Figma were up about 9% in the four-day period covered through Thursday. Still, even after Friday's additional 9% jump, the stock remains down by about 32% year-to-date.As discussed here two weeks ago, short positions in Rumblesaw a washout over the last week of April and into the first week of May as shares rebounded from March lows with a rally of about 75%. With the bounce in the stock price accelerating over the past several sessions however, bears are more emboldened by the perception of an overly aggressive valuation. This week, according to Ortex data, short interest as a percentage of free float on Rumble jumped from 20.1% to 27.9% - the highest level in over 14 months - while days-to-cover on the name rose from 8.6 to 9.1. The stock was up 28% in the four-day period covered and has now gained 45% year to date, though shares are giving in to some profit taking on Friday with a 3% decline.SHORT INTEREST DECLINERSOrtex-reported short interest on Bobs Discount Furniturepeaked at a record-high of 28% on May 15 as bears positioned to fade the two-day rally of over 35% following the company's Q1 earnings beat on May 7. While the post-earnings bullishness receded over the subsequent two-week period however, the stock has bounced back this week with no constructive news flow, driving a short squeeze amid the over-extended bearishness. In the four-day period covered through Thursday, short interest as a percentage of free float on Bob's Discount was down from 24.6% to 20.6%, a 7-week low, with days-to-cover on the name also slipping from 5.8 to 4.9. In that time span, the stock was also up 16%, though shares of the discount furniture retailer are still down 19% year to date and down 20% from its IPO listing price in February.