BUZZ-Super Micro jumps after filing delayed annual report, sidesteps de-listing threat

Updates

Shares of AI server maker Super Micro Computer SMCI.O soar 17.7% to $53.68

The AI darling files its long-delayed annual report for the fiscal year ended June 30, 2024, and its first and second quarter reports for fiscal 2025

Company has regained compliance with the NASDAQ filing requirements - SMCI

SMCI was removed from the tech-heavy Nasdaq-100 .NDX Index in December

Co had failed to submit annual and quarterly reports by the August deadline, and was given an extension until February 25 to file them to maintain its listing on the exchange

With 18.9% of its free float worth $4.1 billion in short position, short sellers of SMCI have a high likelihood of getting squeezed, according to S3 Partners analysis

At 19.5% gain on Wednesday, short sellers would rack up $838 million in mark-to-market losses - S3 Managing Director Ihor Dusaniwsky

A "sizable loss would certainly squeeze some shorts out of their positions and help SMCI's stock price surge even more" - Dusaniwsky

SMCI short sellers have already lost $1.81 bln, or 57% of their portfolio, in 2025 - S3

As of last close, SMCI gained about 50% YTD