Sivers Shares Spike 1,700% Before Short Sellers Move on Q1 Sales Miss
Sivers Semiconductors reported a 22% drop in first-quarter net sales to SEK 61.9 million, citing delayed U.S. defense budgets and currency headwinds. Short interest surged to 17% of free float by late May, up sharply since March. Shares rose 15% Friday, extending a 1,795% rally this year. The company said its sales pipeline grew 77% to $799 million.