Akamai Technologies (AKAM) short interest rose by more than 15% in early May. Charles Schwab reported this increase on May 29, 2026. This rise in bearish bets follows a period of strong stock performance.
On May 8, Akamai announced a $1.8 billion deal with AI firm Anthropic. The company subsequently raised its full-year guidance. These developments drove the stock up nearly 50% in May.
Short sellers reacted to this sharp price increase. As of May 28, more than 10% of Akamai's outstanding shares were sold short. The data indicates a growing number of investors believe the shares are overvalued and poised for a pullback.