Palantir Technologies Inc. (NASDAQ:PLTR) has become the single biggest pain point for short sellers in a market rally that is squeezing bears across the board, according to new data from S3 Partners.
The firm tracks a basket of stocks that score 70 or higher on its 0-100 squeeze scale, meaning conditions are ripe for shorts to get forced out of their positions. Twenty-four names currently qualify for that basket, and the cohort has climbed 13.4% month-to-date, pressuring short sellers across the board.
PLTR stock is moving. See the real-time price action here.
Palantir’s Outlier Position
Short interest in Palantir now totals $12 billion. That’s the largest dollar short in the basket and well above its $3.37 billion average. The stock is also the group’s biggest gainer, up 41.4% month-to-date. It carries the largest mark-to-market loss for shorts at $5 billion.
