Palantir stock short interest spikes

Amidst a market-wide downturn, Palantir stock (NASDAQ: PLTR) crashed below $100 in late February.Despite a string of promising earnings quarters, the data analytics company is in a precarious position. It’s trading at an extremely high valuation, even relative to software peers — in the middle of a market downturn. In addition, with so much growth already priced in, investors are either locking in their profits or waiting for a more attractive entry point for a long position.Exactly 1 month ago, PLTR shares ...