DRS Your GME

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Overlooked observation of the day (self.drs_your_gme)

submitted 11 months ago by Robertklein to c/[email protected]

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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%

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[–] [email protected] 5 points 11 months ago (3 children)

I'm not sure I understand the original claim, that shorts lost 1.5 billion. How is the number calculated, and is it accurate?

One comment on reddit said: "I’m going to guess you take the confirmed short share % and multiply by the price change."

one question i've not looked into too deeply is how % shares short is even calculated. i've heard many suggestions that the short interest is a false or manipulated number but i've never confirmed this for myself.

[–] [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.

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