this post was submitted on 05 Dec 2023
17 points (84.0% liked)

DRS Your GME

1228 readers
1 users here now

ΔΡΣ Central

Community to discuss the DRSGME.org project and resources, and how to spread DRS advocacy and information to GameStop investors around the world.

Have a great idea to spread the word? There are some resources here to get started!

https://www.drsgme.org/free-resources

founded 1 year ago
MODERATORS
 

When I saw the Kevin Malone tweet earlier, I immediately did some quick math. The article he sited said gme shorts lost 1.5 billion in 5 days. GME is up $5. 1.5 billion divided by 5 is 300 million, not the 56 million or whatever they are claiming short interest is. This is an accidental addition that short interest is at least 100%

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 4 points 11 months ago (1 children)

They can only report up to a certain number regardless of how many more there are. If they don't have to admit the rampant crime they can keep doing it longer.

[–] Robertklein 6 points 11 months ago

My point is this is essentially them admitting the short interest is much higher.