On October 2, 2026, a report found Wolfspeed had the highest short interest among technology companies with market capitalizations of up to $2 billion. Short sellers had bet against 49.31% of its shares, reflecting significant skepticism about the company’s financial health and prospects.
That bearish sentiment persists despite a recent surge in Wolfspeed’s stock price. The rise was partly attributed to a sector-wide rally after Micron reported strong results.
Investors’ concerns include Wolfspeed’s persistent unprofitability and deeply negative operating margins. Its Altman Z-Score also suggests potential bankruptcy risk.