FI FIGR Figure Technology Solutions Inc. Loading... : Investor Sentiment and Bull/Bear Views

The author expects FIGR to squeeze shorts around this week's options expiry and earnings, arguing shorts cannot hold the stock down indefinitely. The stated catalyst is the combination of opex and the earnings report, with mean reversion as the mechanism. Main risk implied is that shorts can keep pressuring the stock.

The author argues FIGR shorts cannot hold the stock down indefinitely and that mean reversion is due. The stated catalysts are this week's options expiry and the company's earnings report. The main risk implied is that short pressure persists through those events.

Figure is Sigel's largest position among crypto/tokenization equities, sized at more than 5 to 3 against Circle despite its smaller market cap. He likes that it targets a specialized institutional market: it helps institutions originate HELOCs and first-lien mortgages and runs a marketplace where they trade those assets before and after funding, with the blockchain accepted by the regulator as the source of truth. He says it is one of only two companies in the world scoring above 140 on the rule of 40 (growth plus profit margin). The other is Palantir, which trades at about 100x earnings versus about 20x for Figure. He cites 50% margins and 100% year-over-year growth and calls it his top pick in tokenization. The stock is not helping today, and VC holders are probably turning over the shareholder base.