News & Events zu Kura Sushi USA Inc (KRUS)KRUSKura Sushi USA Inc

Under Armour Short Interest Rises to 32%

Welcome to this week's installment of "The Short Interest Report" - The Fly's weekly recap of short interest trends among some of the most widely followed high-short-float stocks. Using the data from our partner, which utilizes the latest information from stock lenders to estimate short interest changes for thousands of publicly traded companies, this report will screen for some of biggest changes in short interest as a percentage of free float and days-to-cover ratios while also considering the short interest data on some of the more volatile and heavier-traded names of the week. Based on the availability of data from Ortex, the report tracks the trading period that covers prior Friday through Thursday of this week, excluding holidays. As a basis of comparison for stocks discussed below, the S&P 500 index was down 0.1%, the Nasdaq Composite was down 1.2%, the Russell 2000 index was down 0.6%, the Russell 2000 Growth ETFwas down 3.0% and the Russell 2000 Value ETFwas up 2.1% in the five-day trading session range through July 16.SHORT INTEREST GAINERSOrtex-reported short interest in Under Armourtroughed at an 8-month low levels of about 22% in mid-May as bears took profits from the stock's sharp 20% plunge after the company reported Q4 earnings and guided FY27 below consensus. Shares have since closed that gap down and added more gains as the stock has also underperformed most of its peers in the apparel and footwear and accessories categories, though the bears rebuilt their positions into strength. This week, short interest as a percentage of free float on Under Armour jumped from 26.6% to 32.0% - the highest level since the first week of February. Days to cover on the name also increased from 6.2 to 7.3 – a record high. In the five-day period covered through Thursday, the stock has added to its recent gains, rising about 10%, and year-to-date, Under Armour shares are up 50%.Ortex-reported short interest in WhiteFiberhas been building since mid-June when bearish positioning troughed at a one-month low of about 24%, though as broader AI and data center buildout ecosystem has come under pronounced pressure this week, shorts are also scaling up their positions. This week, short interest as a percentage of free float on WhiteFiber jumped from 33.7% to 39.3%, a record high. Days to cover increased more modestly from 2.0 to 2.1 given the sharp increase in trading volume over the past month. Meanwhile, shares of the cloud compute and colocation services provider plunged 33% in the five-day period covered, though the stock is still up a whopping 66% year-to-date.Ortex-reported short interest in Kura Sushitracked in a narrow 27%-28% range for a full month through last Thursday. However, with the stock abruptly reversing its June rally following a guidance cut in conjunction with a Q3 earnings beat on July 7, bears have also pressed their exposure. In the five-day period covered, shorts as a percentage of free float rose from 28.0% to 32.6% - a record high. Days to cover also increased from 4.8 to 5.8 – a near-two-month high. Shares of Kura Sushi were down 5% this week through Thursday and have now lost about 9% year-to-date, resting on the cusp of a one-month low below $47.SHORT INTEREST DECLINERSShares of Frontier Grouphave more than doubled from multi-month trough lows back in mid-March until the final week of June. Short positioning meanwhile - which had been on a declining trend through mid-June – inflected higher about a week before the stock had peaked. With shares now down over 20% from June 25 highs, those bearish bets are now likely being closed. This week, short interest as percentage of free float was cut from 43% to 34% - a one-month low. The stock is down 15% in the five-day period through Thursday and off by another 3% on Friday, though shares are still up 34% year-to-date.

Weakness in Semiconductors Sends Nasdaq Down Over 1%

Weakness in Semiconductors, Semi Equipment, and Memory weighed on sentiment in Tuesday trading, sending the tech-dominated Nasdaq down by over 1%.  Technology was also the third worst performing sector in the S&P 500, though it was Industrials - the sector heavily involved in the AI capex buildout - that was the worst performing space in the benchmark index.  Among the most notable decliners in the two sectors were Intel, Teradyneand Generacwith losses of nearly 10% and with all three names hitting multi-week lows.The winner circle was mostly occupied by Energy names - Exxon Mobiland Chevronwere up nearly 4%, though it was Occidental Petroleumleading the index with a near-6% gain.  Software names - which have recently traded in opposition to AI-buildout related tech stocks also benefited.  Workdaygained 4% and Intuitrallied 3%.In the evening hours, investors are monitoring re-escalation of conflict in the Middle East.  Following overnight strikes on commercial vessels by Iran in the Strait of Hormuz, U.S. military has retaliated with strikes on Iranian targets.  WTI Crude Oil futures are up as a result and Index futures are lower - WTI is above $72 per barrel while S&P e-minis and Nasdaq 100 are off by 0.1%.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER AFTER EARNINGS -Penguin Solutionsup 5.9%ALSO HIGHER -Enerpac Tool Groupup 7.4% after announcing SFE Group acquisitionTransoceanup 1.4% after insider buyingDOWN AFTER EARNINGS -Kura Sushi USAdown 7.3%Saratoga Investmentdown 3.0%ALSO LOWER -FuelCell Energydown 18.0% after equity offering

FY26 Restaurant-Level Operating Profit Margin Expected at 18.5%

Consensus $334.13M. Sees FY26 restaurant-level operating profit margins 18.5%. Expects 16 new restaurants, maintaining an annual unit growth rate above 20%, with average net capital expenditures per unit of approximately $2.5M.