At the moment the GME shorts are not completely covered because over the past year, the stock has been falling, which is exactly what a short seller wants.
This is dumb. Yes they cover their shorts, that way they don't have to close them. Cover is not the same as close.
There is currently only about a 20% short position against GameStop, which is minimal compared to the 140% last January. If history is any indicator, the GME short squeeze has already come and gone.
100% false on all levels. The short interest is probably 10000x the float. Not 20%. I do not exaggerate.
I stopped reading past that point. It's written by someone who got their info from MSM (who gets their talking points from short hedge funds)
I’ve read that they’re hiding them in ETFs and other vehicles somehow, but have no idea how to validate that. I don’t buy 20% at all though. Even 20% has resulted in historic squeezes in the past though.
Didn’t know about “cover” vs. “close”.
Just the general story was good catching up for me. I came into the story after the initial squeezing and haven’t followed it quite as closely as maybe should be done.
Have you noticed how many conspicuous 17s show up in this and AMC? This thing is definitely gonna fire off.
that second link. okay. so:
This is dumb. Yes they cover their shorts, that way they don't have to close them. Cover is not the same as close.
100% false on all levels. The short interest is probably 10000x the float. Not 20%. I do not exaggerate.
I stopped reading past that point. It's written by someone who got their info from MSM (who gets their talking points from short hedge funds)
Hope this helps.
I read "10000x the float" but all I heard was $$$$$$$$$$$$$$
I’ve read that they’re hiding them in ETFs and other vehicles somehow, but have no idea how to validate that. I don’t buy 20% at all though. Even 20% has resulted in historic squeezes in the past though.
Didn’t know about “cover” vs. “close”.
Just the general story was good catching up for me. I came into the story after the initial squeezing and haven’t followed it quite as closely as maybe should be done.
Have you noticed how many conspicuous 17s show up in this and AMC? This thing is definitely gonna fire off.