Reported about 9 hours ago
Investors who shorted Palantir Technologies are backing out as its stock continues to soar, boosted by retail interest and global tensions. The short interest has dropped from 5% to 2% as Palantir's shares have surged nearly 300%, resulting in significant losses for short sellers. Analysts remain cautious about its high valuation, despite a 36% anticipated sales growth this year, making it one of the fastest-growing companies in the Nasdaq 100.
Source: YAHOO