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Every other news outlet throws claims like "retail investors own hedge funds" and "hedge funds lost billions on reckless shorts", but is there any evidence of t

Every other news outlet throws claims like "retail investors own hedge funds" and "hedge funds lost billions on reckless shorts", but is there any evidence of that? I am a total layman here, but can someone point me to a source where we can see that someone "shorted 150% of all available stock". Else it seems like a manipulation by someone who has heavily invested and lost and tried to "memefy" the stock.

aikinai 6y ago
There are plenty of sources, but here’s a recent one that touches on a few points: https://www.cnbc.com/2021/01/29/gamestop-short-sellers-are-still-not-surrendering-despite-nearly-20-billion-in-losses-this-year.html https://www.cnbc.com/2021/01/29/gamestop-short-sellers-are-s... The main hedge fund known for shorting GME already had to sell a major stake in their company for 1.5 billion to survive last week.
jackhalford 6y ago
Short interests are public info [1], e.g [2]. The days to cover is more of an estimate though, with current volume it's more likely to be in the range of a few hours. [1] https://www.investopedia.com/ask/answers/06/shortedstock.asp https://www.investopedia.com/ask/answers/06/shortedstock.asp [2] https://financhill.com/most-heavily-shorted-stocks-today https://financhill.com/most-heavily-shorted-stocks-today
- fma 6y ago
  Short interest is public info, but the price that they shorted is not. A fund could short from $10 and cover $100 to lose $90...then short again at $300 and now the price is $200. Short interest would remain the same but they'd be up $10 (with having spent more money on the borrow cost at $300, of course). Short interest is not enough to know how damaged the funds are. As a matter of fact, since these hedge fund employee the smartest people in the world (supposedly?) it would not surprise me if they are taking advantage of the GME sentiment and profiting from this sentiment.
overcast 6y ago
Current estimate is around 70 billion lost so far, which of course the vast majority of that went to other Wall Street firms. The only ones that will win at the end of this is Wall Street and the few retail that got in VERY early. Retailers will get left holding this bag. The great irony out of all this is that all this volume in trading, just made them even richer.
anupamchugh 6y ago
http://www.highshortinterest.com http://www.highshortinterest.com If you check this... GME is still way over 100%. That means the game isn’t over yet.
barkingcat 6y ago
Just because you can't see the information doesn't mean the information is made up. Short interest reports are public and publicized by NASDAQ/NYSE, etc. You can find it yourself easily.
- artemonster 6y ago
  I am not claiming this is fake. I've said upfront that I'm a total layman here. I don't know where to search/where to look for, to avoid my personal biases. It would be the same BS as a total antivaxer googling "how vaccines hurt children". That is why I was asking upfront.

aikinai 6y ago

There are plenty of sources, but here’s a recent one that touches on a few points: https://www.cnbc.com/2021/01/29/gamestop-short-sellers-are-still-not-surrendering-despite-nearly-20-billion-in-losses-this-year.html https://www.cnbc.com/2021/01/29/gamestop-short-sellers-are-s... The main hedge fund known for shorting GME already had to sell a major stake in their company for 1.5 billion to survive last week.

jackhalford 6y ago

Short interests are public info [1], e.g [2]. The days to cover is more of an estimate though, with current volume it's more likely to be in the range of a few hours. [1] https://www.investopedia.com/ask/answers/06/shortedstock.asp https://www.investopedia.com/ask/answers/06/shortedstock.asp [2] https://financhill.com/most-heavily-shorted-stocks-today https://financhill.com/most-heavily-shorted-stocks-today

fma 6y ago
Short interest is public info, but the price that they shorted is not. A fund could short from $10 and cover $100 to lose $90...then short again at $300 and now the price is $200. Short interest would remain the same but they'd be up $10 (with having spent more money on the borrow cost at $300, of course). Short interest is not enough to know how damaged the funds are. As a matter of fact, since these hedge fund employee the smartest people in the world (supposedly?) it would not surprise me if they are taking advantage of the GME sentiment and profiting from this sentiment.

overcast 6y ago

Current estimate is around 70 billion lost so far, which of course the vast majority of that went to other Wall Street firms. The only ones that will win at the end of this is Wall Street and the few retail that got in VERY early. Retailers will get left holding this bag. The great irony out of all this is that all this volume in trading, just made them even richer.

anupamchugh 6y ago

http://www.highshortinterest.com http://www.highshortinterest.com If you check this... GME is still way over 100%. That means the game isn’t over yet.

barkingcat 6y ago

Just because you can't see the information doesn't mean the information is made up. Short interest reports are public and publicized by NASDAQ/NYSE, etc. You can find it yourself easily.

artemonster 6y ago
I am not claiming this is fake. I've said upfront that I'm a total layman here. I don't know where to search/where to look for, to avoid my personal biases. It would be the same BS as a total antivaxer googling "how vaccines hurt children". That is why I was asking upfront.