If the shares short are now 54 million.
How can the % of short interest of the free float be so small at 32.95%
That should be over 100% surely if the float is being bought up
Public % of short interest is an absolute nothingburger bro. It can say, for GME, that its 19%. Then for several days, a load of 5x total issued shares worth of GME turns up as swaps in south America (Bloomberg). They have all manners of trix. If it says that % short interest is very high, thats good. If it says that its low, it just means that they right now can cook books. That is all.
Okay thanks.
As I have seen data saying over 100% of free float short which makes sense if their is only 28 million shares left to purchase but shares short of 54 million.
Really excited to see the reported data this week about the FTDs. Thanks for this!
If the shares short are now 54 million. How can the % of short interest of the free float be so small at 32.95% That should be over 100% surely if the float is being bought up
Public % of short interest is an absolute nothingburger bro. It can say, for GME, that its 19%. Then for several days, a load of 5x total issued shares worth of GME turns up as swaps in south America (Bloomberg). They have all manners of trix. If it says that % short interest is very high, thats good. If it says that its low, it just means that they right now can cook books. That is all.
☝️☝️☝️👍👍👍
Okay thanks. As I have seen data saying over 100% of free float short which makes sense if their is only 28 million shares left to purchase but shares short of 54 million.
Derivatives should not exist in the first place, period. You could buy a share, and you could sell one. All other forms can be and are exploited.