With 70 million shares outstanding, another 70 million shares are short. That’s what happened in the GameStop short squeeze. “GME’s current short interest is close to 25% of shares outstanding compared to over 100% in January. This GameStop squeeze could get very painful. by Jorge Alonso February 24, 2021. Getty Image. Depending on which site you read, you might find short interest at … Up until early February, Gamestop had a short interest of over 100%. Recent events have thrust the practice of selling a stock short into the spotlight. Squeeze Likely Over. GME shares are currently at $116, down nearly 50%. Short interest levels have only exceeded 100% of ANY company’s float 15 times in the last 10 years[1]. Prior to the stock rally, the short-interest ratio on GameStop hit 260% at the end of last year. To be clear, 40% short interest is still significant enough to spark a mini short squeeze. Hedge funds have covered their shorts. When the bond market changes its opinion, equity investors should pay attention… The bond market had a significant change of view during the summer. AMC, BBBY, BB, KOSS and all related retail short interest stocks fall. According to financial analytics firm S3, GameStop’s peak short interest was 141.8% of its float on Jan. 4. U.S. investors are required to mark their shares shorted and regulators report these figures twice a month, with a 10-day delay, S3 said. Or did it? This makes it possible, on paper, for more than 100% of the float of a stock to be shorted. This fee is shown as an annual percentage rate (APR). February 22, 2021. GME shorts and longs are in a knockout battle being waged in the stock market as well asocial media platforms. Over the past few days, the level of hedge fund short interest in GameStop fell sharply. That’s a lot of short-interest and fuel for a short-covering rally if we ever saw it. In the case of Gamestop, the short interest was over 100%. Short interest was unusually high in GameStop stock, with short interest reaching 140%. That’s the problem. U.S. investors are required to mark their shares shorted and regulators report these figures twice a month, with a 10-day delay, S3 said. In the GameStop short squeeze, Melvin and Citron (and possibly others) shorted GameStop’s stock. As a general rule, if the short interest in a company is over 20% of the total shares, it would be considered a ‘crowded short’ and should be avoided because the risk of a short squeeze is too high. Yes, a Stock Can Have Short Interest Over 100% -- Here's How Motely Fool ^ | 01/28/2021 | Dan Caplinger Posted on 01/28/2021 2:02:21 PM PST by Kid Shelleen. However, BBBY has still managed a not too shabby return of over 100% for 2021. Short Interest; The short interest on the stock has been one of the reasons the short squeeze was possible. As in, there is 1.5X times the number of GameStop shares sold short than there are in the actual float. What's ahead? Reddit Servers Go Down As GameStop Stock Price Skyrockets By Over 100 Percent After WallStreetBets Users Initiate Another Short Squeeze. The number of GameStop shares shorted over the past week rose by 1.97 million, marking an increase of 15%. In late January, I wrote about my thoughts on the crazy wild ride in GameStop and some other meme stocks. GameStop short interest, a measure of stock price and the number of shares shorted, stood at $1.36 billion. Meaning that there were more shares sold short than there are shares outstanding. So, the short-interest on GameStop was in the high-triple-digits going into this thing and is still hovering near 150%. Short interest remains over 100% even as GameStop surges: S3 Express, BlackBerry also rallying as Reddit craze continues GameStop Going 'Way Higher,' S3 Founder Bob Sloan Says This makes it possible, on paper, for more than 100% of the float of a stock to be shorted. This table shows the interest rate that must be paid by a short seller of US:GME to the lender of that security. GameStop Corp., GME - Live Short Interest changes, statistics and charts, Days To Cover (DTC), Cost To Borrow, Nasdaq and NYSE data as well as live Securities Lending data. My guess is the squeeze is over. S3 argued in a recent research note that the traditional method of calculating the percentage of float is flawed because it uses stale data. GME’s short interest is more than 100%. However, it's possible shorts decided to short GameStop again, thinking it was all over. On Wednesday afternoon users on the popular forum initiated another short squeeze after a Redditor … BBBY seemed the perfect candidate for a short squeeze but Gamestop took over. Short Borrow Fee Rates. GameStop Shorts Down $5 Billion in 2021. by Ihor Dusaniwsky January 26, 2021 January 26, 2021. by Ihor Dusaniwsky January 26, 2021 January 26, 2021. Gamestop short interest has collapsed according to S3 partners. GameStop fell from $316 to $212. Many people wonder how that is even possible. The percentage of the GameStop float sold short is at 139.57%, the highest level for any equity worldwide (with short interest over $100 million) and a completely absurd number. Now might be a good time to do an update to talk about some of the other things I learned. So in steps social media platforms like Reddit and the group WallStreetBets. See what stocks are on extreme levels and the most shorted stocks by sector and regions. In fact, before the GameStop short squeeze, many market participants thought that shorting more than 100% of a stock was impossible[2]. Facebook Twitter Reddit Flipboard. For instance, GameStop recently had short interest that exceeded 100% of its available shares. Tracking those short interest stocks that have continued to increase in price shows the extent to which the short squeeze is faring and, as a result, remain thorns in the side of the short-sellers. According to financial analytics firm S3, GameStop’s peak short interest was 141.8% of its float on Jan. 4. GameStop stock price compared to Short Interest. The 29 Reddit stocks with short interests in excess of 30% (see previous TalkMarkets article here) have declined 8.9%, on average, in the past week with only four advancing marginally so is the short squeeze in these stocks over?Well, not quite, as all but 1 of those stocks are still up (by 24.1%, on average) since the short squeeze began in earnest on January 15th. According to financial analytics firm S3, GameStop's peak short interest was 141.8% of its float on Jan. 4. GME / GameStop Corp. short borrow fee rates are shown in the following table. THat’s 140 shares, with short interest of 40 shares. As the Tesla short interest went from 218mn shares in June 2019 to 55mn shares current the shares went from $37 to $498. The major advancers last week were: GameStop: +35.4% (+288.0%) to $137.74/share; Rocket Companies: +14.9% (+28.1%) to $25.10/share All this sounds good. GameStop Corp (GME) continues to rally today and is now up over +370% in 2021. It seems like good folks are WallStreetBets are back at it again. Rick Miller, Sensible Financial, YCharts data. Equivalently: the short interest is 40%. The GameStop Short Squeeze. S3 argued in a recent research note that the traditional method of calculating the percentage of float is flawed because it uses stale data.
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