The short interest in Super Micro Computer (SMCI) is around 19.16% of the float, with a short interest of 95.24 million shares. This represents a significant portion of the company's shares available for trading, indicating a substantial number of investors betting against the stock. The short interest ratio, or days to cover, is approximately 2.0, meaning it would take about two days of average trading volume to cover all short positions.
Here's a more detailed breakdown:
- Short Interest: 95.24 million shares.
- Short Float: 19.16%.
- Short Interest Ratio (Days to Cover): 2.0.
- Change vs. Previous Month: Increased by 7.34%, according to MarketBeat.
This level of short interest suggests that some investors believe the stock is overvalued and are betting on a price decline. However, a high short interest can also create the potential for a short squeeze if the stock price starts to rise, forcing short sellers to cover their positions by buying back the stock, which could further accelerate the price increase.
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