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Can you explain why didn't the data about shorts change then? Are you saying someone else went and shorted it over 130% when Melvin stepped back?
by emteycz 6y ago
Can you explain why didn't the data about shorts change then? Are you saying someone else went and shorted it over 130% when Melvin stepped back?
- notahacker 6y agoSure. Other people will have shorted at artificially high prices they don't need to worry about margin calls on, and will be quite happy to wait for the price to drop.
- allie1 6y agoThose high prices can still go up, and squeeze them toward a margin call. People thought $100, then $200, $400 were high, yet it passed those by. Yes, it is artificial, but the capital you need when shorting (to cover your position) is very real, and with each price hike, it goes up.
- kevindong 6y agoThe NYSE provided short interest data is only released twice a month. The last time being on Jan 27. https://www.nyse.com/market-data/reference/nyse-group-short-interest https://www.nyse.com/market-data/reference/nyse-group-short-...