Super Micro Short Sellers Notch $1.2 Billion as Shares Fall
- Despite one-day win, contrarians still down nearly $5 billion
- Stock more than doubled this year after 246% rally in 2023
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Super Micro Computer Inc.’s 20% rout Friday was a much-needed win for short sellers facing billions of dollars in losses amid its blistering rally.
Traders who bet against the semiconductor company netted paper profits of $1.2 billion on the one-day dip, its biggest drop since August. Even with the gains, the contrarian group is still down roughly $4.8 billion in paper losses over the last year as the stock has surged more than 760%, according to data from S3 Partners LLC.