Shorts Are Returning to AppLovin Even After $3.2 Billion Squeeze

Here is a 189-word summary of the news article: AppLovin, a software company, has seen a resurgence of short-sellers targeting its stock, despite traders who bet against the company incurring an estimated $3.2 billion in losses over the past six months. Short-selling, the practice of borrowing shares and selling them in hopes of buying them back at a lower price, has increased as AppLovin's stock price has risen. The article notes that short interest, the total value of bets against a stock, has climbed to around 10% of AppLovin's float, indicating a growing belief among some investors that the stock is overvalued. This comes after a period of massive short-covering, where short-sellers were forced to buy back shares to cut their losses as the stock price surged. The resurgence of short-selling activity highlights the ongoing debate around AppLovin's valuation and growth prospects. While some investors remain skeptical, the company has seen strong performance, leading to the recent short-term squeeze. The article suggests the tug-of-war between bulls and bears is likely to continue.