Sivers Semiconductors: Inside the Short-Squeeze Rally, Insider Exodus, and the Nasdaq Listing Vote That Could Reshape the Stock
13.06.2026 - 18:25:52 | boerse-global.de
The schizophrenic trading in Sivers Semiconductors has left investors dizzy. After rocketing to a 52-week high of €10.23 on Wednesday, the stock careened 34% lower by Friday’s close to €8.38. Yet that finish still represented a weekly gain of roughly 25%, illustrating just how violent the swings have become in the Swedish chip developer’s shares.
The initial surge was a classic short squeeze, ignited when Nordea jacked up stock-lending fees to an eye-watering 228.5%. Hedge funds such as Voleon Capital and Two Sigma, which had built short positions representing about 17% of the free float in March, were forced to cover in a hurry. The resulting volatility hit an annualised 242% on a 30-day basis, and the stock remains about 18% below its recent peak.
The squeeze was triggered by a scorching report from Ningi Research in early June. The short seller accused Sivers of booking revenue for products not yet manufactured, pointing to roughly SKr97 million – equivalent to about 31% of reported 2025 revenue. The allegations quickly drew the attention of US law firms Rosen Law Firm and Bronstein, Gewirtz & Grossman, which are probing potential securities-law breaches. No formal lawsuit has been filed, but the legal overhang is weighing on the stock.
Should investors sell immediately? Or is it worth buying Sivers Semiconductors?
Meanwhile, the Swedish Economic Crime Authority is investigating possible information leaks ahead of the planned Nasdaq listing in April. The share price had mysteriously jumped shortly before the official announcement.
Adding fuel to the fire, company insiders have been heading for the exits. Harish Krishnaswamy, head of the wireless unit, sold 1.39 million shares in late May, pocketing almost SKr100 million. Even more troubling, board member Erik Fällström liquidated about 29 million shares through his firm Achilles Capital – all while publicly describing the stock as undervalued. Additionally, three board members have resigned, further eroding confidence in the leadership.
Operationally, the picture is mixed. First-quarter revenue fell 22% to SKr61.9 million and the operating loss widened to SKr41.5 million, with management blaming delays in US defence budgets. On a brighter note, the project pipeline has surged 77% since the start of the year to almost $800 million. The company also inked a strategic partnership with GlobalFoundries to co-develop silicon photonics solutions for AI infrastructure, integrating Sivers’ laser arrays into the US partner’s platform. Management estimates the addressable market at $25 billion by 2030.
Monday’s annual general meeting will be a defining moment. Shareholders are asked to approve a capital increase of up to 53.8 million new shares, which would dilute existing holdings by roughly 15%. They will also vote on retrospective approval of a $12 million convertible loan. A green light would clear the way for a dual listing on the Nasdaq, while a rejection could derail the company’s US expansion. The vote will ultimately decide whether the stock’s wild ride has further to run – or is about to hit a wall.
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Sivers Semiconductors Stock: New Analysis - 13 June
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