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High Short Interest Stocks
- echelon 6y agoIf a position is shorted under 100%, does that give the shorts enough wiggle room to close their position?
- cj 6y agoHigh or low short interest doesn’t directly/absolutely correlate with ability of shorts to close their positions. There’s not a yes/no answer to your question.
- sokoloff 6y agoThere's nothing particularly different between a company having 99.99% short interest and 100.01% short interest.
- jcims 6y agoIf the shares were printed on stock certificates how would you get to 100.01% short interest?
- ars 6y agoWhen you short a stock you sell it. Whoever you sold it to can loan it again. There's no limit to that.
- GizmoSwan 6y agoTechnically there is should be only one person owning the stock and only one person who can short it at a time. That is why the system needs something like a block chain semaphore.
- tedtonks87 6y agonaked short selling. https://en.wikipedia.org/wiki/Naked_short_selling https://en.wikipedia.org/wiki/Naked_short_selling
- sokoloff 6y agoIf they were printed on stock certificates, how would you get to 0.01% short interest? You get to any other number by repeating that process. Imagine a company with 1 share of stock floating. Abel buys that share and loans it to Baker (via Abel's broker). Baker borrows the share and sells it to Charlie. Charlie loans their share to Diane. Diane sells it to Earl. Earl loans their share to Fred. Fred sells it to Gary...
- jcims 6y agoThe recursive nature is what i was not understanding, thank you.
- kortilla 6y agoWhen you sell your stock certificate, you hand it over to someone who can loan it out themselves. As a thought exercise, consider that I can borrow your stock and sell it right back to you short. We can repeat this process a million times. 1 million shares short now based on 1 share. This is not naked shorting because borrowed the stock from you each time with you willingly participating.
- jcims 6y agoThis was very helpful thank you.
- toast0 6y agoIt would take a bit more time, because stock certificates are a pain to handle. But I would let you borrow my stock certificates (for interest and with good collateral), you would sell them to someone; then that person might let you borrow them (for interest and with good collateral) and you could sell them to another someone (or the same someone, whatever). Certificated stock is slightly less fungible than shares of book-entry stock; because I probably want you to return a single certificate with my shares, and you may have to separate or combine certificates which takes time and money. One of the many reasons certificated stock has been on the way out.
- thrill 6y agoNot enough to matter. At sufficient price there will be a seller. The company can create stock and sell it if the current holders don't.
- jeffbee 6y agoCompanies cannot issue more shares than they are authorized to issue. They have to do Formal Corporate Things to issue new shares.
- thrill 6y agoTheir boards authorize it. It takes a phone call to have a board meeting. A company could do a board meeting by tweeting each other if they wanted. Filing that a private placement (to the short holders) has occurred is followup paperwork. A company that gets immensely overvalued is doing their shareholders a disservice by not capturing that valuation.
- jeffbee 6y agoThe articles of incorporation dictate what a company needs to do to issue shares. GameStop, for example, requires a vote of the majority of voting shares (of which there are 50 billion votes among the preferred shareholders and 300 million votes among the common shareholders). That said GameStop is authorized for 300 million common shares and there are only 70 million outstanding according to this table so if their corporate treasury has been at all competent they might be sitting on a huge pile of cash right now.
- IG_Semmelweiss 6y agoIf they wished a quick way to bankruptcy, that would certainly be it. Make enemies and robbing both your customers and your investors in 1 single move. I don't think there has been anything as foul in history, has there?
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- ball_of_lint 6y agoThe shares available for purchase is also a significant factor. Most companies have some shares held by employees/execs/board members that cannot be traded on a whim.
- Voloskaya 6y agoNot always, it depends on the usual volume and the willingness of shareholders to sell. There was a smaller short squeeze in TSLA circa 2013 going to the ~90$ (pre-split) price range and IIRC short interest was "only" in the 30-50%.
- GizmoSwan 6y agoIn time they will print new shares to pay the executives 100s of millions each but printing those shares is not instantaneous and it is regulated. If the business does not become profitable, they will keep diluting it to pay the executives and fund the operation till people no longer trade the stock.
- qaq 6y agoBought a bit of SPCE out of principle
- kace91 6y agoI actually saw that and wondered what are the chances that I wake up tomorrow with that stock high as hell as a redirection from gme buyers...
- VWWHFSfQ 6y agoYeah it's next up.
- cvhashim 6y agoBased on what? I'm curious.
- sidlls 6y agoLiteral rockets.
- VWWHFSfQ 6y ago> Based on what? It's just the protest "meme" economy. How do you think Bitcoins got to $35,000. And GameStop got to $350.
- gotostatement 6y agoI dont think SPCE has the focused attention necessary to make it happen like GME. GME had a lot of different factors leading to it drawing focus, including the insane amount of shorting. SPCE is not shorted as much, so it falls into a lower tier of interest with splintered focus. That's why I don't think we'll see a repeat with SPCE, but I am open to alternative args
- afterburner 6y agoPeople wanting to get rich quick. Textbook FOMO. I'm not sure I buy into the narrative for the rallying cry.
- myroon5 6y agoFinviz also has this information in addition to many other metrics: https://finviz.com/screener.ashx?v=131&o=-shortinterestshare https://finviz.com/screener.ashx?v=131&o=-shortinterestshare
- fireattack 6y agoWhy do they have some significant differences? For example, the second, $ATUS, isn't even listed on OP's site.
- apaprocki 6y agoBad data, code, or both? It is not 76% short. Are you going to go to fundamentals and verify each raw and derived data point from the feed you consume much like you would a news source?
- faizshah 6y agoThere’s also this list where they correct for “synthetic longs” and show that some of these have dramatically lower short int %: https://mobile.twitter.com/S3Partners/status/1354851186533396481 https://mobile.twitter.com/S3Partners/status/135485118653339... I won’t pretend to fully understand this but the analyst answered a lot of FAQs on this data on his Twitter: https://mobile.twitter.com/ihors3 https://mobile.twitter.com/ihors3 What differs in this data: “S3 data is shares shorted, our competition's data is broker stock borrows. Problem is, stock borrows do not equal shares shorted. Stock borrow includes financing trades, broker to broker transactions but does not include all internal rehypothication used to cover short sales”
- bo1024 6y agoI'm no analyst, but this still looks really bad to me. If you buy a random share, there's a 55% chance that share is currently loaned out and a short-seller has to buy it and give it back. There's a 55% chance that share the short-seller buys is currently loaned out... A single share purchase cascades into 2.2 purchases on average. If any sizable fraction of shares held are committed not to sell, that math gets way worse.
- xwdv 6y agoI’m surprised this sort of attack has never be carried out before. Is it just because no one ever thought there’d be a crazy army of retail investors that could be so coordinated and so irrational and large enough to matter?
- garmaine 6y ago...it has though? This isn’t a new thing. Happened with VW in 2008, for example.
- jeffbee 6y agoThere have been many attempted short squeezes, notoriously the attempt by the founder of Piggly Wiggly to squeeze shorts 100 years ago. He ended up broke, of course, because cornering the market on shares that you pumped to a ridiculous price is never a great idea. More recently there was a cartel that tried to squeeze Volkswagen shorts in 2008.
- msandford 6y agoTried? I always though they succeeded. https://moxreports.com/vw-infinity-squeeze/ https://moxreports.com/vw-infinity-squeeze/
- xxpor 6y agoThe only reason the Piggly Wiggly guy ended up broke is because they changed the settlement rules out from under him. It was extremely legally questionable.
- nateberkopec 6y agoWhat's the reason for all the shorting on Fubo? You would think that a streaming business would be attracting far more long interest right now.
- jeffbee 6y agoWell let's see: they lost $250 million on revenue of only $61 million, their most recent quarter had their largest loss ever, their most recent year had their largest loss ever, there's no prospect that this business will ever turn a profit again. On paper it appears to be among the worst businesses of all time.
- toast0 6y agoStreaming is a business like gyms. The more people use your product, the worse it is. Everytime some one watches something, there goes some $ for the rights, and some $ for the bandwidth. If everyone has lots more time to watch your product, and they do, that's bad for your bottom line. And you can't charge more, because there's tons of options. And internet ad prices were trending down (not sure if that's still true), if Fubo is ad-supported (I can't keep track of all the services)
- jedberg 6y agoThat's not really how streaming works. The streamers generally don't pay per stream, they pay a fixed cost for a fixed amount of time of unlimited streams. At the same time, if a user is streaming or not is negligible cost. They build the infrastructure assuming everyone will stream, because unlike a gym, most people drop the service if they don't use it.
- shirakawasuna 6y agoThe case of GME is more complicated than only being highly shorted. A short squeeze doesn't emerge solely from being highly shorted. Please be very careful with any single-stock gamble.
- supernova87a 6y agoBut the question is, how do you mobilize enough people to act on something that causes market movement? As I understand it, the new thing wasn't lots of short positions, it was that a bunch of people coordinated to make something dramatic happen. Isn't that the problem?
- spiznnx 6y agoYou open a 20k position, screenshot it, and post your foolproof plan to reddit with lots of rocket emojis
- akira2501 6y ago> Isn't that the problem? Shorts have finite payoff for infinite risk. If you buy into shorts when the interest is above 100%, you _immediately_ open the door for this type of counter position to become rational. Is it really a problem that a bunch of people on a message board collectively decided to act on a rational position?
- epistasis 6y agoAnd further, these were large sophisticated investors that should have known when to get out and take their losses (as Melvin eventually did). For us small time folks we can do a limit short so that our risk exposure is limited.
- alasdair_ 6y agoIs there proof Melvin actually got out? All I saw was a “source” on CNBC. EDIT: This is the story: https://www.cnbc.com/video/2021/01/27/melvin-capital-sells-out-of-gamestop.html https://www.cnbc.com/video/2021/01/27/melvin-capital-sells-o... It's full of plausible deniability phrases like "from what I understand" and it's very much a game of telephone. They could easily say "when I meant we were out of the stock, I meant that we had covered some of our positions" or similar. I can't find a non-hearsay source anywhere, neither written nor in the form of a recorded interview.
- deleted 6y ago[deleted]
- victor106 6y agoHow current is this data? Is this updated every day?
- themihai 6y agoGameStop Corp. NYSE 138.08% interest rate. And people wonder why hedge fund managers with short positions on GME are scared by the squeeze! They will do everything they can to stop retailers buying GME. They got caught naked!
- imagica 6y agoNot everything is lost, they will learn a thing or two from this.
- 55555 6y agoI know there are a lot of Wall st guys here. Can someone explain what's really going to happen here in regards to the short squeeze? Is it really so simple? How will the shorts be able to cover? Also, is this page correct in saying that GameStop is the only stock on all listed US markets that's shorted over 100%?
- deleted 6y ago[deleted]
- apaprocki 6y agoRe: 100%, yes for companies with a reasonable minimum market cap. The one thing not really being explained enough is that short interest as reported through the exchanges is reported bi-monthly. You can imagine that with current events that is an eternity to wait for the next update.
- konjin 6y agoAlso worth noting is that these are the official channels, there are plenty of dark pools where there are no rules but all sorts of exotic instruments are being traded in volumes that boggle the mind. I worked at one quite some years back.
- deleted 6y ago[deleted]
- ceh123 6y agoCould you explain a little bit more about this? Or point me in a direction where I could find out more? Super curious. Thanks
- ls612 6y agoA dark pool is just a private securities market. They don’t have to disclose much since the general public can’t participate but they can trade all sorts of exotic instruments without a lot of the “public focused” regulations.
- smalter 6y agoa new app where you can trade high short interest stocks as a fund https://sqze.trydoji.com/ https://sqze.trydoji.com/
- ironSkillet 6y agoIf they actually explained what their exit strategy was I would be more inclined to consider investing. But interesting idea.
- deleted 6y ago[deleted]
- imim03 6y agoproduct is super early so lacking features, but sounds like getting a one pager from the fund creator would be useful?
- jennyyang 6y agoLigand Pharmaceuticals appears to be ripe for a GME-style short squeeze.
- immy 6y agoI hate that this site is getting posted around, when it does not show the update time. These short interest numbers can be 2-4 weeks old depending on NYSE and NASDAQ.
- dcolkitt 6y agoFair warning. Buying stocks with high short interest is, over the long run, a terrible investment strategy. Mountains of academic research has consistently found the most heavily shorted stocks to significantly underperform the market[1] (to the order of 10% per year). Heavily shorted stocks tend to be the companies with the most negative cash flow shocks[2], low quality earnings statements[3], negative earnings revisions, and future bad news[4]. In other words, when a company is heavily shorted it's almost always for a good reason. (Like being a brick and mortar video game retailer, that's losing mountains of cash with no turnaround plan.) High short interest is a tell-tale warning of a bad investment. This shouldn't be surprising. Research has consistently found that short-sellers are the most sophisticated and well-informed investors in the market[5]. There activity strongly predicts soon-to-be released negative public announcements[6]. Short sellers are exactly the type of trader, you do not want to be on the other side of. [1]https://onlinelibrary.wiley.com/doi/abs/10.1111/0022-1082.00495 https://onlinelibrary.wiley.com/doi/abs/10.1111/0022-1082.00... [2]https://www.sciencedirect.com/science/article/abs/pii/S0304405X16300320 https://www.sciencedirect.com/science/article/abs/pii/S03044... [3]https://link.springer.com/article/10.1007/s11142-006-6396-x https://link.springer.com/article/10.1007/s11142-006-6396-x [4]https://onlinelibrary.wiley.com/doi/abs/10.1111/fima.12144 https://onlinelibrary.wiley.com/doi/abs/10.1111/fima.12144 [6]https://www.newyorkfed.org/medialibrary/media/research/conference/2010/cb/Boehmer_Jones_Zhang1.pdf https://www.newyorkfed.org/medialibrary/media/research/confe... [5]https://onlinelibrary.wiley.com/doi/abs/10.1111/jfir.12121 https://onlinelibrary.wiley.com/doi/abs/10.1111/jfir.12121
- theboat 6y agoWayback machine from Jan 30, 2020: https://web.archive.org/web/20191031110812/http://www.highshortinterest.com/all https://web.archive.org/web/20191031110812/http://www.highsh... Some things don't change.
- blondie9x 6y agoWhy the hell would iRobot have 40% short interest? I love my iRobot. I swear to you if they make these things talk or take commands like Siri iRobot will be the ultimate consumer electronic item.
- pg_bot 6y agoMy guess would be that this space has become way more competitive in the last few years. If you haven't noticed, there are a lot of robot vacuum cleaners on the market now with more coming soon. https://www.amazon.com/s?k=robot+vacuum&ref=nb_sb_noss_1 https://www.amazon.com/s?k=robot+vacuum&ref=nb_sb_noss_1
- blackrock 6y agoMaybe, but I still can’t seem to justify spending $800+ on a high tech vacuum cleaner that does a mediocre job of vacuuming. And it only works on one floor. And a wet Swiffer, once a week, does a better job at picking up the dust.
- baby 6y agoCan someone ELI5 how to read this table?
- blackrock 6y agoOn a side note: I finally understood what Buffet and B. Graham meant when they said: “In the short run, the market is a voting machine but in the long run it is a weighing machine" It’s such a cryptic phrase, that I never quite understood it for the longest time, until I came to understand the price insanity of TSLA and Bitcoin. And now GME. My layman’s explanation is: People get together to buy a stock, because they believe in it, even against all odds. This gives the stock its value to this nebulous group of people. They are the true believers. They are the voters. Then the stock price runs high, and has a very high market capitalization. Like TSLA, Bitcoin, and now GME. This is the weighing machine part. This means that over time, the company must deliver on its value, in order to justify that its market capitalization is worth its weight in gold. So, Tesla the company, has been delivering electric cars and new technology, that helps to justify its lofty valuation. Bitcoin, has brought the Blockchain idea to the masses. Although I’m not quite sure yet how it maintains its weighing part of the valuation. Maybe its Blockchain system becomes the underlying mechanism of other electronic commerce systems. And GameStop, if they survive this, can cash out at $1000, issue new shares, and take the money to build itself into a giant e-Sports Gaming company. Or maybe it can even build its own GameStation video game system, to justify its lofty market capitalization. Or something like that. And also, the initial investors are probably just hoping to ride a rocket ship to riches, and then they hold on for the long term.
- habosa 6y agoAnyone seeing this list as a list of investment opportunities should think twice. This is the list of companies that Big Money is betting heavily against. In 99% of cases you don't want to take the other side of the bet against these big funds. They could be right and the company is actually a loser, or they could just have way more money than you and the market will never reflect anything but their perspective. GME is a really fun ride (and I'm rooting for the WSB crowd) but it is a result of a uniquely heavily shorted stock and an even more unique groundswell of popular interest.
- varispeed 6y agoand if enough people take the other side of the bet, these whales will fix the game to their favour. We pay taxes and yet the law enforcement we pay for works against us. Where are the arrests?
- ThreeOne 6y agoHow about just joining them? shorting all those stocks (except the meme stocks)...
- iandanforth 6y agoCan someone who's been following the hoopla tell me where $NOK came from if it's not in that list. I see it pop up near GME posts.
- Tycho 6y agoIf a company with say $1bn market cap has more than 100% of shares on loan for shorts, how much money does it take to trigger a short squeeze? Isn’t it trivial for any investor who has enough capital?
- steenreem 6y agoShorting a stock and having that information be public seems like a big risk, since it opens you up to people trying to make money by short squeezing you. Why isn't short trading done secretly?