superstonk
Superstonk DrScience9000 1 year ago 84%
Shorts never closed. Squeeze hasn't squoze. https://www.sec.gov/page/sec-staff-release-gamestop-report

This is still the best evidence I've seen that we're right. Right from the SEC itself, esp pages 25-26 regarding short selling, but there's some other nuggets in there as well. *GME is the only stock that staff observed as having short interest of more than shares outstanding in January 2021.* *Given the high levels of short interest, together with the price movements in GameStop, a natural question is the degree to which these price movements arose from a “short squeeze.”* *Figure 6 shows that the run-up in GME stock price coincided with buying by those with short positions. However, it also shows that such buying was a small fraction of overall buy volume, and that GME share prices continued to be high after the direct effects of covering short positions would have waned.* *...it was the positive sentiment, not the buying-to-cover, that sustained the weeks-long price appreciation of GameStop stock.* Boom. Shorts never closed. Squeeze hasn't squoze. The short interest reported to the public is a manipulated figure, and the fact that more shares were publicly acknowledged as being shorted than even existed as shares outstanding confirms that these hedge fuckers engaged in naked shorting.

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