$SUPER MICRO COMPUTER INC(SMCI)$ SHORTS COVERED WHICH CAN EXPLAIN TODAY 10% PRICE UP!
Short Covering: The most plausible explanation is that a significant number of short sellers have covered their positions. This means they bought back the shares they borrowed and sold, closing out their short positions. If the short interest dropped from, say, 5.5 million to 1.5 million, that’s 4 million shares bought back. This buying activity can put upward pressure on the stock price, as short sellers are effectively adding demand to the market by purchasing shares to return to lenders.

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