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The last 52 weeks have been characterized by high volatility for Super Micro Computer (SMCI) stock. During this period, SMCI stock reached a high of $66.44. However, the current price of $32.64 implies a deep correction of 51%.
One of the key triggers for the correction was a big revenue miss in Q1. Having said that, the reaction seems to be overdone. The bearish sentiment, however, sustains and is indicated by the fact that SMCI is the third-most-shorted stock by hedge funds.