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And they said shorts exited their positions. Then we saw Feb 12th's numbers and short interest was still high. New shorts? Definitely possible. And here we are.
by exclusiv 6y ago
And they said shorts exited their positions. Then we saw Feb 12th's numbers and short interest was still high. New shorts? Definitely possible. And here we are.
That big dip today puts it on the short sale restriction list so tomorrow will be interesting.
AMC also had a similar big dip at about the same time as GME.
- gruez 6y ago> And they said shorts exited their positions. Then we saw Feb 12th's numbers and short interest was still high. High? It was down from 42.0% (2 weeks ago) to 30.2%. The week before unofficial estimates put the short interest at over 100%.
- exclusiv 6y agoAnything over 10% is considered high. The narrative was that shorts exited their positions. In "GME round 1", S3 was reaching out to CNBC to correct them, saying most of the shorts are NOT covering. [1] The 100%+ was based on low float numbers or algorithms developed by companies like S3. Morningstar, as an example, currently reports the float at 27.29M. So their SI is 52% right now. Nobody really knows what it is at any given time. We have 2 week gaps in data. So yes, round 2, there appears to be a big drop in shorts, but who knows. There's a battle going on. After round 1, nobody would want a high short volume come reporting time. So what's the actual short volume. And what are the positions on those? Nobody knows. S3, from their algorithm estimates 20.52% right now. [2] [1] https://twitter.com/ihors3/status/1355226736733073416 https://twitter.com/ihors3/status/1355226736733073416 [2] https://twitter.com/ihors3/status/1369713610432393220 https://twitter.com/ihors3/status/1369713610432393220