Palantir Technologies (NASDAQ:PLTR) has shed $73 billion in market value over a six-session slide, offering a rare boost to short sellers who’ve struggled against one of Wall Street’s top performers this year.
Shares have fallen more than 17% since their Aug. 12 record high, marking their longest losing streak since April 2024 and setting up the stock for its worst week since early April’s tariff-driven selloff.
The plunge has delivered more than $1.6 billion in profits for short sellers, Bloomberg reported, citing data from S3 Partners, though it only partially offsets the $4.5 billion in paper losses they’ve racked up betting against the stock this year.
Palantir (NASDAQ:PLTR) had a short interest of 2.54% as of July 31, 2025. Since early June, short interest has grown by 22.67%, a sign that short sellers may be gradually returning to the stock. Even after the recent pullback, Palantir is still the S&P 500’s best performer this year, up 106%.