$SUPER MICRO COMPUTER INC(SMCI)$ S3 Partners' latest squeeze data is getting interesting. $Palantir Technologies Inc.(PLTR)$ shorts are sitting on roughly $5B in mark-to-market losses, $Lumentum(LITE)$ around $3.1B, and SMCI around $1.3B. SMCI also has a perfect 100/100 squeeze score, same as FOXA and WDAY. CHTR shows a massive 50.4% short interest of float. ECHO and SWKS are among the most crowded shorts.
The entire S3 squeeze basket is already +13.4% MTD, while the average squeeze score has climbed to 80.8. PLTR, LITE and SMCI alone account for roughly $9.4 billion in mark-to-market short losses.
When price keeps rising while short losses and borrow pressure build, covering can become additional buying pressure. The bulls aren't the ones feeling the pressure right now.
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