Palantir, Microsoft, Sandisk Short Sellers Pare Trading Volume

$Palantir Technologies Inc.(PLTR)$   short sellers pared their trading activities, before the company reported fourth quarter revenue and full year outlook that blew past analysts' estimates, sending shares climbing Tuesday.

Trading in borrowed Palantir shares declined for a second session to 3.66 million shares Monday, representing about 5% of the shares that changed hands that day, when the stock closed 0.8% higher. That somehow weakens the blow from the stock's surge Tuesday.

$Microsoft(MSFT)$  's short volume declined for a second straight session, as the software giant extended this year's slump. Trading in borrowed Microsoft shares to 2.84 million shares Monday, equal to about 6.73% of the total shares that changed hands.

The software giant has slumped after reporting a 66% jump in its fiscal second quarter spending to a record, and said almost half of its $625 billion in remaining performance obligation, a measure of bookings, is from OpenAI.

$SanDisk Corp.(SNDK)$  ' short volume declined for a second session to 3.66 million shares Monday as the stock extended its record breaking rally. The stock jumped more than 15% yesterday, to become the day's best performer on the $S&P 500(.SPX)$  .

The recent rally was further boosted by the company's blowout results, prompting 15 analysts to raise their price target on the stock by an average of about 86%, according to Bloomberg. The average 12-month price target on the is now $675.58 up from $481.57 before the release of financial results last week.  

Meanwhile, $Oracle (ORCL.US)$, $Disney (DIS.US)$, $Bitmine Immersion Technologies (BMNR.US)$, $Snap Inc (SNAP.US)$, $Snap Inc (SNAP.US)$, $Cisco (CSCO.US)$, $HP Inc (HPQ.US)$ $Devon Energy (DVN.US)$, $Confluent (CFLT.US)$, $ADT Inc (ADT.US)$, and $Coterra Energy (CTRA.US)$ saw higher short volume. 

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