SMCI is now the most shorted stock in the S&P 500

Group 1 - Super Micro Computer (SMCI) is currently the most heavily shorted stock in the S&P 500, with 17.5% of its float sold short [1] - The stock has experienced a significant price increase of 44% this week, attributed to a $20 billion partnership with DataVolt [2] - The current short interest could lead to a short squeeze, potentially driving the stock price higher if short sellers are forced to cover their positions [3] Group 2 - SMCI stock has tested resistance levels around $37 and $42.47 in recent months, indicating that it must maintain above these levels for the rally to continue [6] - The NASDAQ-100 index has broken above a key moving average, suggesting a potential upward trend that could benefit SMCI [7] - The broader stock market is recovering, with $2 trillion flowing into equities, which may positively impact SMCI [8] Group 3 - SMCI received an 'Outperform' rating from Raymond James with a price target of $41, and a 'Buy' rating from Loop Capital with a price target of $70, indicating positive analyst sentiment [9]