Palantir's push to $160 under threat as PLTR short interest spikes

Core Viewpoint - Palantir's stock performance is under pressure due to a significant increase in short interest, which may hinder its pursuit of a record high of $160, despite recent gains [1][6]. Group 1: Stock Performance - As of the latest update, Palantir's stock was trading at $154, reflecting a 0.20% increase and over 3% gain in the past week [1]. - The stock has shown strong buying interest and upward movement, but elevated short volume ratios indicate skepticism about the sustainability of this rally [6]. Group 2: Short Selling Activity - On July 17, Palantir recorded a short volume of 19.42 million shares out of 32.03 million total shares traded, resulting in a short volume ratio of 60.64% [3]. - Similar high short volume ratios were observed on July 16 and July 15, at 57.27% and 56.31%, respectively, indicating a growing number of traders betting against the stock [4]. - The peak short volume of 20.76 million shares on July 14, with a 50.33% ratio, reinforces the bearish sentiment surrounding the stock [4]. Group 3: Revenue and Business Dynamics - Palantir's U.S. commercial revenue saw a 71% year-over-year increase in Q1 2025, driven by the adoption of its Artificial Intelligence Platform (AIP) [7]. - The company remains heavily reliant on government contracts, which constituted 55% of its revenue in 2024 [7]. - Customer concentration is a concern, with 45% of revenue coming from just 20 clients, despite a 43% expansion in its customer base [8]. - Overall revenue increased by 29% last year, which is significantly lower than the 410% surge in stock price, raising questions about valuation [8].