Cryptocurrency trading platform Coinbase Global (NASDAQ:COIN) is seeing elevated bets against the public company with short interest doubling in 2026. Here’s what that could mean for a share rally and potential short squeeze.
Coinbase Short Interest Rises
Investors continue to look for stocks with high short interest that could see short squeezes as prices rise. While Coinbase is not among the most shorted stocks overall yet, the stock is seeing elevated short interest.
A new report from S3 Partners shows that Coinbase’s short interest was around 5% in December and is now around 10%, doubling to start the 2026 year.
The rising short interest comes amid Coinbase stock down 18.3% year-to-date, compared to a 16.7% decline for Bitcoin (CRYPTO: BTC) and a 2.5% decline for the SPDR S&P 500 ETF Trust