For your example it's not so easy to short the string (see below). But if your input is a longer string, you can use a compress function in combination with base64 encoding:
<?php
$input = "Lorem ipsum dolor sit amet, consectetuer adipiscing elit. Aenean commodo ligula eget dolor. Aenean massa. Cum sociis natoque penatibus et magnis dis parturient montes, nascetur ridiculus mus. Donec quam felis, ultricies nec, pellentesque eu, pretium quis, sem. Nulla consequat massa quis enim. Donec pede justo, fringilla vel, aliquet nec, vulputate eget, arcu. In enim justo, rhoncus ut, imperdiet a, venenatis vitae, justo. Nullam dictum felis eu pede mollis pretium. Integer tincidunt.";
$encoded = base64_encode(gzdeflate($input));
$decoded = gzinflate(base64_decode($encoded));
var_dump($encoded);
var_dump($decoded);
The input has 489 characters, the encoded just 372!
string(372) "PVHZTcQwEG1lCojSA4IfJEQPxh7CIF87x9bPc7LLhyUf7xx/DOVGMi0alVGHkolTauwb5dGNs7MHK6UiUyxLP4ir+E4v3Dl1gFobZVCVI2oiPtgvoX9ES2Zpp1c42MgiRj35uAXTZOzkK4xAaunoeCtYM6mHCnfcju5sGyiWEURJpUiOCk4L2+ltdM50i9ToG7mAjOoqWRg2nDd41MpLYxly4ELZBVlusdDGbafPqIh+1oWSX4lPAHGX9nSZXJh+w3xs9K2YhCzanetGqQr0/bK8R53hyfmcBh41x07v/RR7CujP6BktAgBpk7UI+AlsTG2Nxegunni7CI+Q+CTJHo+y6HOFaqOu46Pa8nJYK7n0LCU6vusP"
string(489) "Lorem ipsum dolor sit amet, consectetuer adipiscing elit. Aenean commodo ligula eget dolor. Aenean massa. Cum sociis natoque penatibus et magnis dis parturient montes, nascetur ridiculus mus. Donec quam felis, ultricies nec, pellentesque eu, pretium quis, sem. Nulla consequat massa quis enim. Donec pede justo, fringilla vel, aliquet nec, vulputate eget, arcu. In enim justo, rhoncus ut, imperdiet a, venenatis vitae, justo. Nullam dictum felis eu pede mollis pretium. Integer tincidunt."
For shorter strings it is maybe possible by choosing character sets smartly. A short input character set and a large output character set can reduce the length of a string.
Read this: Shortest possible encoded string with decode possibility (shorten url) using only PHP
In Javascript the concept is the same, but maybe you need a library for compression.
Please remember: This is no encryption only encoding! Do not use this for hiding information