Wall Street Doubles Down on Wolfspeed Short Positions Over Cash Burn Fears Wolfspeed's efforts to rebrand itself as a turnaround story have fallen flat with investors, who are piling into short positions despite the company's ambitious mission.
The silicon carbide wafer maker has struggled to generate profits, and its latest quarterly results only exacerbate concerns.
The numbers paint a grim picture: Wolfspeed reported a 27% gross margin in Q3 2026, marking a significant widening of the gap from the previous year's 12%.