Palantir Surges 30%, Shorts Lose $3B
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- Palantir Technologies (PLTR) stock jumped 30% in Tuesday's session, per S3 data
- Short sellers betting against PLTR have accumulated $3 billion in paper losses, with the one-day rally erasing all of their year-to-date paper gains
Why it matters: Short sellers who had paper gains on PLTR year-to-date are now sitting on $3 billion in mark-to-market losses after a single 30% rally Tuesday, per S3. A move that wipes out months of bearish positioning in one session puts significant pressure on PLTR's short book.
