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It was never going to happen. Look at the volume of shares that have been trading. There has been ample opportunity to cover any shorts. The conditions to fo
by swalsh 6y ago
It was never going to happen. Look at the volume of shares that have been trading. There has been ample opportunity to cover any shorts. The conditions to force a squeeze never existed.
Furthermore, has anyone actually demonstrated Melvin actually shorted the stock? It would seem like they owned a few puts. Puts don't get squeezed, they just expire out of the money.
- baq 6y agoshort positions do not have to be reported to SEC, so you just can't know. there's ample evidence that melvin's short positions have been closed at about the time GME rose to $150 the first time - a lot of other stocks enjoyed the same general upwards movement indicating somebody closing a diverse lot of shorts.