Palantir shorts reap billions amid selloff - report

[Palantir Technologies headquarters campus exterior view in Silicon Valley. - Palo Alto, California, USA - 2019]
Michael Vi/iStock Editorial via Getty Images

Palantir Technologies (NASDAQ:PLTR [https://seekingalpha.com/symbol/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 [https://seekingalpha.com/symbol/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%.

MORE ON PALANTIR TECHNOLOGIES

* Palantir Technologies: The First Potential Chink In The AI Bubble [https://seekingalpha.com/article/4815386-palantir-technologies-first-potential-chink-in-ai-bubble]
* Palantir Technologies: This Drop Is Only The Start Of What Is Deserved [https://seekingalpha.com/article/4815234-palantir-technologies-drop-start-of-what-is-deserved]
* Palantir: It's Unlikely To End Well (Rating Downgrade) [https://seekingalpha.com/article/4815100-palantir-its-unlikely-to-end-well-rating-downgrade]
* Palantir stock gets reality check after post-earnings surge, set for worst day since May [https://seekingalpha.com/news/4487166-palantir-stock-gets-reality-check-after-post-earnings-surge-set-for-worst-day-since-may]
* Palantir, Oracle lead enterprise software stocks lower ahead of Powell's comments [https://seekingalpha.com/news/4487083-palantir-oracle-lead-enterprise-software-stocks-lower-ahead-of-powells-comments]