Observing that the short data is always 4 business days behind, I suspect a considerable drop in the next coming days' data for a couple of reasons:
Short sellers were banking on Microsoft releasing depressing results for AI growth/expenditure (and the related need for AI data centres) but in reality, AI was a huge proportion of their profits and will only get bigger. I mean, just look at this very announcement from NXT - they just snagged the largest AI deployment in the company's history.
I suspect short sellers got a bit greedy with Trump's tarrifs. Valuations for this company are in the $14-18 range, and watching the post-bell trade, there has been considerable amounts of positive trades (i.e. upwards of 20%+ of the total day's trade). Surely this has to be short sellers getting caught on the way up?
You must do your own research - In fact, please assume I just made this all up
NXT Price at posting:
$12.66 Sentiment: Buy Disclosure: Held
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