BUZZ-Super Micro jumps after filing delayed annual report, sidesteps de-listing threat

Reuters
02-27
BUZZ-Super Micro jumps after filing delayed annual report, sidesteps de-listing threat

Updates

** Shares of AI server maker Super Micro Computer SMCI.O soar 17.7% to $53.68

** The AI darling files its long-delayed annual report for the fiscal year ended June 30, 2024, and its first and second quarter reports for fiscal 2025

** Company has regained compliance with the NASDAQ filing requirements - SMCI

** SMCI was removed from the tech-heavy Nasdaq-100 .NDX Index in December

** Co had failed to submit annual and quarterly reports by the August deadline, and was given an extension until February 25 to file them to maintain its listing on the exchange

** With 18.9% of its free float worth $4.1 billion in short position, short sellers of SMCI have a high likelihood of getting squeezed, according to S3 Partners analysis

** At 19.5% gain on Wednesday, short sellers would rack up $838 million in mark-to-market losses - S3 Managing Director Ihor Dusaniwsky

** A "sizable loss would certainly squeeze some shorts out of their positions and help SMCI's stock price surge even more" - Dusaniwsky

** SMCI short sellers have already lost $1.81 bln, or 57% of their portfolio, in 2025 - S3

** As of last close, SMCI gained about 50% YTD

(Reporting by Sanchayaita Roy, Kritika Lamba and Medha Singh in Bengaluru)

((sanchayaita.roy@thomsonreuters.com))

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