3 ms·

Yeah but only 100% DRS reveals illegal naked shorting right?

• gruez 5y ago
  That's the thesis, but it doesn't really hold. >“Some commentators have asked how short interest can get as high as it did in GameStop. Short interest can exceed 100%—as it did with GME—when the same shares are lent multiple times by successive purchasers. If someone purchases a stock from a short seller and subsequently lends the stock out again, it will appear as if the stock was sold short twice for the purpose of the short interest calculation.” https://www.bloomberg.com/opinion/articles/2021-10-19/matt-levine-s-money-stuff-gamestop-baffles-the-sec-too#footnote-1 https://www.bloomberg.com/opinion/articles/2021-10-19/matt-l...