51–60 of 286 posts
But the question is, how do you mobilize enough people to act on something that causes market movement? As I understand it, the new thing wasn't lots of short positions, it was that a bunch of people coordinated to make something dramatic happen. Isn't that the problem?
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There's nothing particularly different between a company having 99.99% short interest and 100.01% short interest.
If the shares were printed on stock certificates how would you get to 100.01% short interest?
Certificated stock is slightly less fungible than shares of book-entry stock; because I probably want you to return a single certificate with my shares, and you may have to separate or combine certificates which takes time and money. One of the many reasons certificated stock has been on the way out.
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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.
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If the shares were printed on stock certificates how would you get to 100.01% short interest?
When you sell your stock certificate, you hand it over to someone who can loan it out themselves. As a thought exercise, consider that I can borrow your stock and sell it right back to you short. We can repeat this process a million times. 1 million shares short now based on 1 share. This is not naked shorting because borrowed the stock from you each time with you willingly participating.
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If the shares were printed on stock certificates how would you get to 100.01% short interest?
If they were printed on stock certificates, how would you get to 0.01% short interest? You get to any other number by repeating that process. Imagine a company with 1 share of stock floating. Abel buys that share and loans it to Baker (via Abel's broker). Baker borrows the share and sells it to Charlie. Charlie loans their share to Diane. Diane sells it to Earl. Earl loans their share to Fred. Fred sells it to Gary..…
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If the shares were printed on stock certificates how would you get to 100.01% short interest?
It would take a bit more time, because stock certificates are a pain to handle. But I would let you borrow my stock certificates (for interest and with good collateral), you would sell them to someone; then that person might let you borrow them (for interest and with good collateral) and you could sell them to another someone (or the same someone, whatever). Certificated stock is slightly less fungible than shares of…
How current is this data? Is this updated every day?
Also, is this page correct in saying that GameStop is the only stock on all listed US markets that's shorted over 100%?
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…
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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.