Total Traded Volume: 59.17m Total Short Volume: 8.1m (13.68%)
SMCI saw a short volume of 13.68%, which isn’t unusually high but shows that some traders are betting against further gains. However, the stock bounced back strongly from its lows and closed near the highs, putting short sellers in a tough spot if the momentum continues.
If buyers stay active, we could see a breakout above $38.50, possibly pushing the stock past $40. If momentum slows, a pullback to $36-$37 would be a normal cooldown before another move up.
The next few sessions will be key—if short interest rises while the stock holds steady, it could trigger a short squeeze and drive prices higher. Keep an eye on volume and resistance levels! 🚀
SMCI LOL! It's crazy that a company making over $20 billion a year has the same market cap, with less than $2 billion in debt and almost the same amount in cash. Unbelievable!
SMCI On Monday 3/3 SMCI closed below the 200 EMA. A strong drop from the peak on 02/19 (1 week).
