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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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.
I think much of the time you reach into an anal cavity and whatever comes out… hey! There ya go.
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.
My point is this is essentially them admitting the short interest is much higher.
