Wolfspeed stock soars after bankruptcy exit

** Shares of Wolfspeed WOLF jump 46% to $32.3 premarket after chipmaker says it has exited Chapter 11 bankruptcy

** Co says it cut total debt by nearly 70%, lowered FY cash interest expense by roughly 60%, has liquidity to continue supplying customers

** WOLF is among top trending stocks on investor-focused social media platform Stocktwits.com

** Stock's 1,726.46% jump in previous session triggered multiple trading halts, but volumes at 7.33 mln were lower than long-term moving averages after WOLF changed its incorporation to Delaware from North Carolina

** As part of the plan, all of co's outstanding shares will be canceled and co expects to issue an aggregate of about 25 mln shares

** Co flagged going-concern doubts in May and filed for bankruptcy protection in June, citing weak demand and trade-related economic uncertainty

** Stock had fallen to a record low of 39 cents following the bankruptcy announcement

** WOLF's free-float shares have a short interest of 32.3%, according to data compiled by LSEG