Heavily Shorted Xerox Stock Sees Short Squeeze Surge After Earnings

Xerox Holdings Corp. (NASDAQ: XRX ) reported second-quarter results on Thursday that topped Wall Street estimates for earnings and revenue, helped by improved profitability, the integration of Lexmark and a one-time tariff-related benefit. Following the results, the stock jumped nearly 27%. Stock Surges On Earnings Beat And Short Squeeze The rally was likely magnified by elevated short interest, with 32% of the public float sold short, signaling substantial bearish positioning that may have fueled a squeeze. The company has a short float of 36.47 million shares, representing 32.09% of its publicly traded float, indicating an exceptionally high level of short interest. Second-Quarter Earnings Top Expectations Adjusted earnings came in at 38 cents per share, beating the analyst consensus estimate for a loss of 14 cents per share. Revenue rose to $1.92 billion from $1.58 billion a year e...