They were so sure that GameStop would crash that they got sloppy. These shorts couldn’t cover their positions. Insane amounts of volume started pouring in. If you’re thinking … How could they short more shares than are available? … That’s a good question. GameStop’s short interest soared close to 140% of the public float before the Reddit crowd went in… You gotta love this giant short squeeze on $SIGL as this is EXACTLY why I haven’t short sold ANY play the past few months, it’s just not worth the risk…& dip buying this clear bouncing ball pattern just made several of my top students some solid profits! /Jw2HO5zpi2 With record numbers of new traders embracing a herd mentality, stocks have been going up…Īnd random short squeezes were blowing up accounts WAY before GameStop (NYSE: GME). Nothing has changed, the squeeze has not happened yet.2021 is the year that put short interest on everyone’s radar.Īs I’ve been warning for MONTHS, shorting is a very dangerous game … especially with the current market. They had to keep the price down and try to reduce retail purchases and holdings by all the shit we have seen in the subs, on twitter and tv. They have been shorting like crazy since 1/27 because they were really bleeding by that point. Between 1/13 and 1/27 on about 7 million shorts were covered. TLDR: The Short Interest Report today shows us that on there was 112% more shares shorted than were actually available to purchase on 1/27/21. Some of that increase must have been due to people jumping on the bandwagon so the increase probably isn't completely due to the short squeeze that had started. Only 7,054,150 shares were covered during that 1600% increase in GME stonks. The price shot up to 450, the DTC increased margins and shut down retail buyers. Of course, everyone knows what happened on the following day. On 1/13 GME opened at 20.42 and closed at 31.40. Ok, according to todays report, 7,054,150 shorts were covered between 1/13 and 1/27. Likewise, the 1/15 report is from trading through 1/13. It takes two days for settlement, so the short interest you see is actually from trading through 1/27. The short interest report from 1/29 is from the SETTLEMENT date, not the trading date. Let's take a a look at the 7,054,150 shorts that were covered between the 1/15 report and the 1/29 report. Thats right, the 1/29 report tells us that the short stocks are 117% of the available GME stock. So, the SHORT PERCENTAGE OF FLOAT IS 117%. So the short float percentage is the number of shorted stocks (54,735,850) divided by the float (46,890,000) x 100. Float is the number of outstanding shares minus the restricted shares and the shares held by insiders. So since the 1/15 report to the 1/29 only 7,054,150 shorts were covered.įloat is the number of shares that are available to trade. By comparison, the number of shorted shares from the 1/15 report was 61,780,000.

So as of the settlement date of 1/29 there were 54,725,850 shorted shares out there that need to be covered.

78.46% of those outstanding shares is 54,725,850 shares. Outstanding shares means ALL the shares of the stock, including restricted shares and shares held by insiders. Short Interest is the percentage of short shares of the outstanding shares. Today's reported short interest is 78.46. There is a lot of confusion about what short interest from the short interest report today actually means.

Gather round, diamond handed apes and crayon eating retards.

Gme short float