Palantir Technologies: The Decline of Short Sellers
Short interest in Palantir stock has been on the decline
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.
Proving the short sellers wrong
A big part of the reason for the declining short interest is the company's strong results. When it reported fourth-quarter and full-year 2023 earnings in February, it posted a GAAP profit for the fifth consecutive quarter.
Is Palantir Technologies stock a buy?
Palantir is generating solid growth and could be a top AI stock to own for the long haul. But what keeps me from buying the stock right now is its high valuation.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.