Xerox Holdings Corp.
(NASDAQ:XRX) reported second-quarter results on Thursday that topped Wall Street estimates for earnings and revenue, helped by improved profitability, the integration of Lexmark and a one-time tariff-related benefit.
Following the results, the stock jumped nearly 27%.
Stock Surges On Earnings Beat And Short Squeeze The rally was likely magnified by elevated short interest, with 32% of the public float sold short, signaling substantial bearish positioning that may have fueled a squeeze.
The company has a short float of 36.47 million shares, representing 32.09% of its publicly traded float, indicating an exceptionally high level of short interest.
