Sivers Shares Spike 1,700% Before Short Sellers Move on Q1 Sales Miss
Sivers Semiconductors on Friday posted a 22% drop in first-quarter sales, after a year when the AI-linked stock rallied about 1,700%. Net sales fell to SEK 61.9 million from SEK 78.9 million. Adjusted EBITDA slipped further into the red, coming in at minus SEK 13.8 million. Both retail and short sellers have been trading the stock heavily this year.