Sivers Semiconductors Faces an AGM Showdown After a Week of 52-Week Highs, Short-Squeeze Fury, and a 34% Plunge
13.06.2026 - 12:41:46 | boerse-global.de
The schizophrenic trading in Sivers Semiconductors shares over the past five days has left investors breathless. On Wednesday, the stock rocketed to a 52-week high of €10.23 after MSCI added the Swedish chipmaker to its Sweden Small-Cap index. By Friday’s close, it had surrendered more than a third of that value, settling at €8.38 — still good for a weekly gain of 9.12%, but the whiplash was severe.
That roller-coaster ride sets the stage for Monday’s annual general meeting, where shareholders will decide on a dual listing in New York, a capital increase, and a retroactive loan facility. The outcome will determine whether the stock retests its recent highs or tumbles back toward support near €7.00.
Short-seller attack and margin squeeze
The volatility traces directly to a June report from Ningi Research, which accused Sivers of aggressive revenue recognition. The short-seller claimed questionable sales could represent roughly 31% of the company’s 2025 revenue. That triggered a wave of short-selling — and then a spectacular squeeze. Nordea, among other lenders, jacked up stock-lending fees to as high as 228.5%, forcing bears to cover in haste. The resulting spike pushed annualized 30-day volatility to around 242%, and the stock now trades 83% above its 50-day moving average.
Should investors sell immediately? Or is it worth buying Sivers Semiconductors?
Positive catalysts amid the chaos
Behind the noise, there are real drivers for the bull case. Sivers supplies critical chips for satellite terminals, and the entire space sector has been lifted by enthusiasm around SpaceX’s impending IPO. A recent $8.2 million order from ALL.SPACE underscores its role in the satellite economy. On the terrestrial side, the company announced a strategic partnership with GlobalFoundries to co-develop photonic chips for AI data centers, integrating Sivers’ laser arrays directly into the US foundry’s platform.
The project pipeline — a key metric for growth-stage tech firms — has swelled 77% since the start of the year to nearly $800 million. That figure was cited by management as one reason to seek fresh capital.
Insider exits and a regulatory probe
Yet the boardroom tells a different story. Harish Krishnaswamy, head of the wireless business, sold his entire stake at the end of May, pocketing almost 100 million Swedish kronor. Three board members have also resigned. Meanwhile, Sweden’s Economic Crime Authority is investigating potential information leaks that may have occurred in April, ahead of the Nasdaq dual-listing announcement.
Operationally, the first quarter was weak. Revenue fell 22% year-on-year to 61.9 million Swedish kronor, and the operating loss widened to 41.5 million kronor. Delays in US defense budgets and currency headwinds were blamed.
Sivers Semiconductors at a turning point? This analysis reveals what investors need to know now.
Monday’s make-or-break vote
At the AGM, shareholders will vote on a dual listing on the Nasdaq, which management argues will improve access to US capital. To support that move — and shore up the balance sheet — they are seeking approval for a capital increase that would dilute existing holders by roughly 15%. Also on the table is a retroactive $12 million loan.
If investors greenlight both proposals, the path is cleared for a US listing and the stock could challenge the recent €10.23 peak. Should the dilution or the loan be rejected, the Nasdaq plan stumbles, and a swift retreat toward the €7.00 support zone becomes the base case. The decision will also shape how the regulatory investigation unfolds: a strong mandate could reassure markets, while a divided vote might reignite fears of deeper governance issues.
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Sivers Semiconductors Stock: New Analysis - 13 June
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