2 ms·
I believe the statements were worded in such a way to try to make people believe that the short squeeze was no longer in play, but the short interest in fact ne
by joncrane 6y ago
I believe the statements were worded in such a way to try to make people believe that the short squeeze was no longer in play, but the short interest in fact never changed and maybe even went up. I believe they were also worded in a way to be technically correct (for example if they had multiple short positions, e.g. naked short calls, if they "closed their short position" that could mean they chose their smallest/cheapest short position to close and it would be technically correct).
The data doesn't back up the broader (and presumably intended) interpretation of their statements.
In my (inexpert) opinion THAT is the definition of market manipulation.
- deleted 6y ago[deleted]
- whimsicalism 6y ago> I believe the statements were worded in such a way to try to make people believe that the short squeeze was no longer in play, but the short interest in fact never changed and maybe even went up. I've seen this "claim" all over the internet. It's not true. The statements released by Melvin Capital were unambiguous and of course short interest on Gamestop is going to go up when it surges to such high prices.