Short Sellers Rake in the Profits as Red-Hot Super Micro Computer Stock Falls 8%

Last week ended on a low note for Super Micro Computer (NASDAQ:SMCI) stock. After a week of impressive growth, the server and storage solutions company experienced a sudden reversal of fortune as shares plunged sharply on Friday. Shaking off any previous momentum, Super Micro Computer stock fell more than 20%.Since then, things have only gotten worse. While this hasn’t been good for investors who rushed to buy SMCI stock on its way up, it has been excellent for short sellers. Bears recognized the superficia ...