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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