POET Shares Surge 86% on $50M Deal as Short Interest Tops 18%
POET•POET shares have risen 86% this month after securing a $50 million Lumilens purchase order, yet short interest has surged to 18% of its 172.6 million-share float. The company’s cancellation of Celestial AI orders and a $400 million single-investor share and warrant offering have heightened dilution risks.
1. Monthly Rally Fueled by Lumilens Deal
POET stock has jumped over 86% this month after the company announced a $50 million purchase order from Lumilens. Investor excitement around the firm’s AI-driven light source technology and potential growth prospects drove the sharp rally, despite volatility in recent sessions.
2. Rising Short Interest Signals Skepticism
Short interest in POET has climbed to nearly 18% of its 172.6 million shares outstanding, the highest level since August 2025. The surge in bearish positions underscores growing doubts about supply visibility and long-term demand for the company’s products.
3. Celestial AI Order Cancellation Impact
POET revealed that all production commitments from Celestial AI were canceled due to alleged confidentiality breaches. The surprise cancellation wiped out previously announced revenue expectations and contributed to increased selling pressure earlier this month.
4. $400M Offering and Dilution Concerns
The company launched a $400 million share and warrant offering to a single institutional investor, with proceeds earmarked for capacity expansion, R&D, acquisitions and general operations. While the capital raise supports growth plans, investors are wary of significant dilution and potential tax implications.
