COUR 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 0.8%, the Nasdaq Composite was down 1.3%, the Russell 2000 index was down 0.7%, the Russell 2000 Growth ETFwas down 1.1% and the Russell 2000 Value ETFwas down 0.1% in the five-day trading session range through May 21.SHORT INTEREST GAINERSOrtex-reported reported short interest on WhiteFibertroughed around 15% on April 9 - shortly after the stock price hit its lowest level for the year on March 27 following the company's much lower than expected Q4 earnings. Dip-buying in April and then more explosive gains in the stock price in May have driven shares up nearly three times from those March lows, though with the sharp bounce, bearish positions have also resurfaced in droves. This week, short interest as a percentage of free float on WhiteFiber spiked from 24.7% to 38.0% - the largest on record. Days to cover fell from 2.6 to 2.5 amid a bump in trading volume. In the five-day period covered shares were down just 1.5%, however the stock is now up 90% year to date.Ortex-reported short interest on T1 Energyhas been climbing steadily since mid-January, though this week, the rise in bearish positioning has become more pronounced. Short interest as a percentage of free float on T1 rose five percentage points to 31% even as days-to-cover on the name collapsed from 3.0 to 2.4 amid a sharp increase in trading volume. The debate on the company's fundamentals escalated as short seller Fuzzy Panda, calling the company a failed battery SPAC, is alleging that investors have "mistakenly begun confusing T1 as an AI infrastructure play." Afterward, the stock was defended at Roth Capital, where analysts referred to the recent 50% correction in shares through the first week of April as a buying opportunity. The stock was up 52% in the five-day period covered, though Friday's trading saw a 10% downward move on profit taking heading into the weekend.Ortex-reported short interest on PureCycle Technologieshas surged since the company reported its Q1 results on May 6 along with the share price as bears see the spike of over 70% in the stock price as an opportunity rather than a warning. Short interest as a percentage of free float on PureCycle was at 36% pre-earnings but hit a record high of 48% late last week before settling at 46%. The stock has come in about 9% in the five-day period covered, though year-to-date, PureCycle shares are now up 32%.SHORT INTEREST DECLINERSOrtex-reported short interest on Courseraascended from mid-single digits at the start of 2026 to its all-time high of 22.7% on May 12, though in spite of the stock price struggling to find a springboard from its post-earnings 2026 lows on April 24, the bears are bailing. This week, short positioning as a percentage of free float on the name collapsed from 21.2% to 9.6% - the lowest since mid-January. Days to cover also fell from 5.6 to 4.4 as trading activity remained elevated with relatively higher volumes over the course of May. Coursera was up 3% in the five-day period covered through Thursday, but the stock is down 27% year-to-date and down by over 60% from its July 2025 highs.

Stocks finished mixed to start the week as investors continue to watch climbing oil prices while awaiting more developments out of the Middle East. Investors are increasingly worried that inflation is becoming entrenched due to energy prices, persistent fiscal deficits and resilient economic demand. Markets are now pricing in a meaningful possibility that the Federal Reserve could raise rates again later this year instead of cutting them.Of note, President Trump stated in athat he was asked by the leaders of several Middle Eastern nations to hold off a planned military attack on Iran, which was scheduled for tomorrow, but added that he has instructed the U.S. military leadership "to be prepared to go forward with a full, large scale assault of Iran, on a moment's notice, in the event that an acceptable Deal is not reached."Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Dominionand NextEra Energyin an all-stock transactionPublicisLiveRampfor $2.2BFordand EDF Group announced the signing of aTrump plans to announce a "dramatic expansion" of discounted prescription medication offerings available on TrumpRx,A U.S. jury on Monday ruled against Elon Musk in his lawsuit against OpenAI, finding the AI company not liable to the Teslafounder for having allegedly strayed from its original mission to benefit humanity,2. WALL STREET CALLS:F5to Outperform from In Line at Evercore ISIZscalerto Buy at B. RileyCoreWeaveand Nebiuswith lowered Neutral ratings as a new analyst took over coverage at DA DavidsonApplied Materialsto Equal Weight at Morgan StanleySalesforcewith an Underperform at BofA amid structural reset3. AROUND THE WEB:NvidiaCEO Jensen Huang told Bloomberg that it is up to China to decide on AI chips and that he looks forward to China being a more open marketTakedahas been ordered to pay hundreds of millions for violating antitrust law by delaying the generic version of its branded Amitiza drug, Bloomberg saysApple'srevamped Siri may launch in beta, and will have an option to auto-delete chats, Bloomberg reportsPresident Trump said he "should have asked for more" of a stake in Intelon behalf of the U.S. government, Fortune saysVinFast'splanned sale of two Vietnamese factories will allow the company to shed $6.9B in debt and obligations to help assist its path to profitability, Bloomberg says4. MOVERS:Hive Digitalwas higher afteris planning to build a new AI infrastructure facility in the Greater Toronto Area with approximately 320 megawatts of utility capacityCourseraincreased after announcing aServiceNowgained after BofAcoverage of the stock with a Buy ratingDesign Therapeuticswas lower afterRegeneronfell after its Phase 3 trial of fianlimab5. EARNINGS/GUIDANCE:Bradyand raised its guidance for FY26iQiyi, with EPS and revenue lower year-over-yearGossamer Bio, with CEO Faheem Hasnain commenting, "We are executing across multiple fronts at Gossamer"RedCloudreportedand reaffirmed guidance for FY26Baidu, with EPS and revenue lower year-over-yearINDEXES:The Dow rose 159.95, or 0.32%, to 49,686.12, the Nasdaq lost 134.41, or 0.51%, to 26,090.73, and the S&P 500 declined 5.45, or 0.074%, to 7,403.05.

Stocks were mostly lower near noon following a record-setting week as investors continue to watch climbing oil prices while awaiting more developments out of the Middle East. The 30-year Treasury yield climbed above 5.15%, its highest level since before the 2008 financial crisis, while the 10-year Treasury yield rose toward 4.65%. Investors are increasingly worried that inflation is becoming entrenched due to energy prices, persistent fiscal deficits and resilient economic demand. Markets are now pricing in a meaningful possibility that the Federal Reserve could raise rates again later this year instead of cutting them.Semiconductor and mega-cap tech stocks remain the market's leadership group, but investors are becoming more sensitive to valuations as borrowing costs rise. Analysts are increasingly debating whether AI enthusiasm has become excessive, particularly given the massive capital spending required to sustain the boom.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Dominionand NextEra Energyin an all-stock transactionPublicisLiveRampfor $2.2BFordand EDF Group announced the signing of aRegeneronsaid its Phase 3 trial of fianlimabMacy'sand Delta Air Lineswere higher after Berkshire Hathaway2. WALL STREET CALLS:F5to Outperform from In Line at Evercore ISIZscalerto Buy at B. RileyCoreWeaveand Nebiuswith lowered Neutral ratings as a new analyst took over coverage at DA DavidsonApplied Materialsto Equal Weight at Morgan StanleySalesforcewith an Underperform at BofA amid structural reset3. AROUND THE WEB:Apple'srevamped Siri may launch in beta, and will have an option to auto-delete chats, Bloomberg reportsU.S. President Donald Trump said he "should have asked for more" of a stake in Intelon behalf of the U.S. government, Fortune saysFugazi Research issued a cautious note on MMTECActivist investor Elliot Investment Management has built a big stake in Bio-Rade Laboratories, with plans to push the company to boost its underperforming stock price, WSJ saysVinFast'splanned sale of two Vietnamese factories will allow the company to shed $6.9B in debt and obligations to help assist its path to profitability, Bloomberg says4. MOVERS:Hive Digitalhigher after announcing its subsidiary is planning to build a newin the Greater Toronto Area with approximately 320 megawatts of utility capacityCourseraincreases after announcing a $500MServiceNowgains after BofAof the stock with a Buy ratingDesign Therapeuticslower afterfrom its RESTORE-FA trialPoet Technologiesfalls after closing a5. EARNINGS/GUIDANCE:Bradyand raised its guidance for FY26iQiyi, with EPS and revenue lower year-over-yearGossamer Bio, with CEO Faheem Hasnain commenting, "We are executing across multiple fronts at Gossamer"RedCloudand reaffirmed guidance for FY26Baidu, with EPS and revenue lower year-over-yearINDEXES:Near midday, the Dow was up 0.02%, or 12.01, to 49,538.18, the Nasdaq was down 0.60%, or 157.04, to 26,068.11, and the S&P 500 was down 0.25%, or 18.29, to 7,390.21.

Coursera announced that its Board of Directors has approved a share repurchase program under which Coursera is authorized to repurchase up to $500 million of the Company's common stock. "The size of the repurchase program underscores the confidence of Coursera's leadership in the execution of its strategy, the strength of its future cash flow, and the scale of the global skilling opportunity ahead," the company said.