Are Palantir's Short Sellers Giving Up?
Palantir Technologies (NYSE: PLTR) can make for a polarizing stock. While there are plenty of bullish investors who love the company's artificial intelligence focus, mix of commercial and corporate clients, and its no-nonsense CEO Alex Karp, there are others who believe it's overrated.
Since 2021, an increasing number of investors were shorting Palantir stock, but that trend has abated with the stock's 200% rise in the past 12 months. Have the short sellers given up on betting against Palantir? One chart seems to suggest that's the case.
One of the reasons Palantir stock has been able to generate such impressive gains over the past year is that short interest in the stock has been declining. Short interest represents the number of shares sold short by investors, many of whom are betting against the company because they expect its stock to decline.
Source Fool.com
