Updates
** Shares of chipmaker Wolfspeed WOLF.N fall ~42% to $3.14 in early trading, hitting lowest level since 1998
** On Thursday, the company named chip industry veteran Robert Feurle as its CEO effective May 1
** About 32.5% of WOLF's free float is in short position, according to Ortex estimates as of March 27
** In November, WOLF ousted top boss Gregg Lowe without cause
** Up to last close, WOLF down 19.2% YTD
** Shares have tumbled ~40% in March including Friday's losses
(Reporting by Kritika Lamba, Medha Singh and Zaheer Kachwala in Bengaluru)
((Kritika.Lamba@thomsonreuters.com))
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