High Short Interest Stocks • Hacker News Board

Re: High Short Interest Stocks

#41

Post by toast0 » Fri, Jan 29, 2021, 12:55 AM UTC

nateberkopec wrote: post #16

What's the reason for all the shorting on Fubo? You would think that a streaming business would be attracting far more long interest right now.

Streaming is a business like gyms. The more people use your product, the worse it is.

Everytime some one watches something, there goes some $ for the rights, and some $ for the bandwidth. If everyone has lots more time to watch your product, and they do, that's bad for your bottom line. And you can't charge more, because there's tons of options. And internet ad prices were trending down (not sure if that's still true), if Fubo is ad-supported (I can't keep track of all the services)

Re: High Short Interest Stocks

#42

Post by [deleted] » Fri, Jan 29, 2021, 12:57 AM UTC

[deleted]

Re: High Short Interest Stocks

#43

Post by gotostatement » Fri, Jan 29, 2021, 1:02 AM UTC

VWWHFSfQ wrote: post #37

cvhashim wrote: post #23

Earlier quoted context omitted.

Based on what? I'm curious.

> Based on what? It's just the protest "meme" economy. How do you think Bitcoins got to $35,000. And GameStop got to $350.

I dont think SPCE has the focused attention necessary to make it happen like GME. GME had a lot of different factors leading to it drawing focus, including the insane amount of shorting. SPCE is not shorted as much, so it falls into a lower tier of interest with splintered focus. That's why I don't think we'll see a repeat with SPCE, but I am open to alternative args

Re: High Short Interest Stocks

#44

Post by CydeWeys » Fri, Jan 29, 2021, 1:07 AM UTC

jeffbee wrote: post #21

nateberkopec wrote: post #16

What's the reason for all the shorting on Fubo? You would think that a streaming business would be attracting far more long interest right now.

Well let's see: they lost $250 million on revenue of only $61 million, their most recent quarter had their largest loss ever, their most recent year had their largest loss ever, there's no prospect that this business will ever turn a profit again. On paper it appears to be among the worst businesses of all time.

Other than that, Mrs. Lincoln, how was the play?

Re: High Short Interest Stocks

#45

Post by fireattack » Fri, Jan 29, 2021, 1:16 AM UTC

myroon5 wrote: post #7

Finviz also has this information in addition to many other metrics: https://finviz.com/screener.ashx?v=131&o=-shortinterestshare

Why do they have some significant differences? For example, the second, $ATUS, isn't even listed on OP's site.

Re: High Short Interest Stocks

#46

Post by msandford » Fri, Jan 29, 2021, 1:21 AM UTC

jeffbee wrote: post #17

xwdv wrote: post #10

I’m surprised this sort of attack has never be carried out before. Is it just because no one ever thought there’d be a crazy army of retail investors that could be so coordinated and so irrational and large enough to matter?

There have been many attempted short squeezes, notoriously the attempt by the founder of Piggly Wiggly to squeeze shorts 100 years ago. He ended up broke, of course, because cornering the market on shares that you pumped to a ridiculous price is never a great idea. More recently there was a cartel that tried to squeeze Volkswagen shorts in 2008.

Tried? I always though they succeeded. https://moxreports.com/vw-infinity-squeeze/

Re: High Short Interest Stocks

#47

Post by victor106 » Fri, Jan 29, 2021, 1:23 AM UTC

How current is this data? Is this updated every day?

Re: High Short Interest Stocks

#48

Post by xxpor » Fri, Jan 29, 2021, 1:28 AM UTC

jeffbee wrote: post #17

xwdv wrote: post #10

I’m surprised this sort of attack has never be carried out before. Is it just because no one ever thought there’d be a crazy army of retail investors that could be so coordinated and so irrational and large enough to matter?

There have been many attempted short squeezes, notoriously the attempt by the founder of Piggly Wiggly to squeeze shorts 100 years ago. He ended up broke, of course, because cornering the market on shares that you pumped to a ridiculous price is never a great idea. More recently there was a cartel that tried to squeeze Volkswagen shorts in 2008.

The only reason the Piggly Wiggly guy ended up broke is because they changed the settlement rules out from under him. It was extremely legally questionable.

Re: High Short Interest Stocks

#49

Post by toast0 » Fri, Jan 29, 2021, 1:33 AM UTC

kortilla wrote: post #32

jeffbee wrote: post #18

Earlier quoted context omitted.

Companies cannot issue more shares than they are authorized to issue. They have to do Formal Corporate Things to issue new shares.

Hertz was within a day of issuing more shares before the SEC told them to fuck off because it was bankrupt and the prospectus was literally “you will likely lose all of your money immediately”. GameStop has had enough time to do an additional offering. It can happen in a couple of days.

> Hertz was within a day of issuing more shares before the SEC told them to fuck off

Your timing is off, Hertz was selling shares in the morning, and stopped when SEC called them. They stopped selling promptly, but not before "Hertz Global issued 13,912,368 shares under the ATM Program for net proceeds of approximately $29 million"

https://www.sec.gov/ix?doc=/Archives/edgar/data/47129/000165...

Gamestop already had an ATM offering they registered for in December; I'm awaiting the news of what price they sold at with popcorn at the ready.

Re: High Short Interest Stocks

#50

Post by OJFord » Fri, Jan 29, 2021, 1:39 AM UTC

tedtonks87 wrote: post #14

jcims wrote: post #9

Earlier quoted context omitted.

If the shares were printed on stock certificates how would you get to 100.01% short interest?

naked short selling. https://en.wikipedia.org/wiki/Naked_short_selling

No, naked refers to not having the borrow. More than 100% can be borrowed if someone buys it from someone who borrowed it and loans it to someone else. That's just short, whatever the percentage, not naked short.