PLTR Squeeze Imminent as Short Positioning Hits Record Levels

Palantir's tokenized stock, PLTR, is currently trading at $171.82, despite being in a precarious position due to extreme short positioning from both retail and smart money traders.

Around 69.4% of retail traders are short on Binance, with top traders following suit at 68.2%, indicating a crowded trade that historically has its risks.

However, the taker buy/sell ratio shows buyers are slightly more aggressive than sellers in the last hour, and open interest has ticked up 2.27% in 24 hours, suggesting new positions are being opened.

The fundamental data from Yahoo Finance analyst consensus estimates a price target range of $202-$235, which represents an 18-37% upside from the current tokenized price.