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Yes, but you cannot do that when you are short 149% of all stock. There simply is not enough stock available to cover your short position. Which is why GME was
by 317070 6y ago
Yes, but you cannot do that when you are short 149% of all stock. There simply is not enough stock available to cover your short position.
Which is why GME was targeted in the first place.
- __turbobrew__ 6y agoIs the total 149% short closing on this Friday? I was under the impression that the 100+% short position was for all shorts for all closing dates on GME? If the 149% short is spread over multiple weeks/months it seems misleading to quote the over 100% short position as a sure marker of an unlimited squeeze. For reference, during the unlimited squeeze of Volkswagen’s stocks in 2008 it was estimated that less than 1% of Volkswagen shares were liquid — due to Porsche silently buying the majority of liquid stocks — to cover the short positions which led to the “unlimited squeeze”. I have a hard time believing that The number of liquid GME shares out there are nearly as low as 1%. The only way I could see the liquidity going that low is if institutional investors with tens or hundreds of billions dollars in market cap decide to buy up all liquid shares, effectively lowering the liquidity of GME to similar levels as Volkswagen during the 2008 unlimited short squeeze.
- polynomial 6y ago> I have a hard time believing that The number of liquid GME shares out there are nearly as low as 1%. I believe the float is between 30-40%, hovering around 37%.