FRHC is trading at $130.00 (-4.70%) in after-hours sessions following a significant increase in bearish bets against the company.
- Short interest surged 19.2% to 988,087 shares (5.4% of float) as of the latest data released March 16.
- The decline occurs despite a lack of company-specific news and contrasts with broader market gains, including a 2.05% rise in the Nasdaq.
- Increased short-selling activity is likely pressuring the stock price amid relatively light trading volume.