Poet Technologies(POET) shares soar 18.69% after hitting 2024 low

Poet Technologies(POET) shares surged by 18.69% today, marking a significant rebound after hitting its lowest level since September 2024, with an intraday decline of 3.74%.

Poet Technologies' stock price has been on a downward trajectory, with a notable decline of 3.46% on April 8, 2025. This decline is part of a broader trend that has seen the stock drop by 52% over the past three months. The continuous decrease in stock price reflects a period of uncertainty and potential challenges faced by the company.

One of the key factors contributing to the decline in Poet Technologies' stock price is the increased short interest. During March, there was a significant rise in short interest, with a total of 3,610,000 shares being shorted as of March 15th. This increase in short interest indicates a growing bearish sentiment among investors, who may be betting on further declines in the stock price. The heightened short interest suggests that investors are concerned about the company's prospects and are positioning themselves accordingly.