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Did Melvin actually close their positions? Some are claiming they haven't.
by ketamine__ 6y ago
Did Melvin actually close their positions? Some are claiming they haven't.
- andrethegiant 6y agoNot enough volume for them to have done that, from what I've seen.
- inawarminister 6y agoThey never said completely or 100% in CNBC or other press, so WSB are alleging that they only closed some low percentage of their positions, which makes sense mathematically. Closing out ALL the shorts at $300-ish/stock (closing time) would be disastrous to any fund, with the shorts predicated on last months' Gamestop prices of around a single digit. Disclaimer: I do not have a position on Gamestop or any other US stocks.