$SUPER MICRO COMPUTER INC(SMCI)$
I am really intrigued by the short shares of SMCI. There were 5.3 million shares short as of 2/15. SMCI 2nd quarter results which blew out expectations were released on 1/29. That day, on 1/29, the short shares were 5.09 million. Between 1/29 and 2/15, an additional 210,000 shares were shorted. Why???
I mean, with the outstanding Q2 results and great future guidance, it is prudent to expect the short shares volume to go DOWN, not UP.
But it did go UP another 210,000 shares.
What do these shorts know? Surely they can't be that foolish.
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