Goldman Says MicroStrategy, Coinbase Among Most-Heavily Shorted Stocks
Goldman Sachs flagged several crypto-related companies — notably Bitcoin treasury holder MicroStrategy and exchange Coinbase — as among the most heavily shorted stocks in the market. The firm’s note, dated Feb. 25, 2026, identifies elevated short interest on these names, signaling that traders are positioning for downside in crypto equities even as Bitcoin (BTC) remains a focal point for investors.
The development matters because high short interest can amplify volatility around earnings, regulatory updates, or crypto price swings and increase the risk of forced liquidations or short squeezes. For investors, the report underscores persistent skepticism about business models tied to crypto price cycles and regulatory uncertainty. Market participants should weigh short-position risks alongside Bitcoin exposure when assessing crypto-equity allocations.