Investing General Discussion

Blazin

Blazin

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Sanrith Descartes said:
I think this sort of covers the "how" of a stock being shorted over 100%. Just add "rinse and repeat" alot.

Stock GME has 100 shares outstanding. Broker A is long 100 shares. Broker B borrows 100 shares from Broker A and sells short to Broker C. Broker B borrows another 100 shares from Broker C and sells short to Broker D. There are now 200 shares sold short on 100 shares outstanding.
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Not sure if this was just meant to be tongue and cheek but that is not what happens. A broker can't lend it's shares if they are already borrowed against. To clear up confusion these companies do not have a higher short interest than their total shares, the short interest is against their float.
 
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Sanrith Descartes

Sanrith Descartes

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Blazin said:
Not sure if this was just meant to be tongue and cheek but that is not what happens. A broker can't lend it's shares if they are already borrowed against. To clear up confusion these companies do not have a higher short interest than their total shares, the short interest is against their float.
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I grabbed that from online. Ill edit it out since its incorrect.
 
Ishad

Ishad

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The best timeline
 
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Big Phoenix

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AMD crushes it and it briefly goes red AH after almost going over $100.

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Fogel

Fogel

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So Chamath and now Elon helped pump this, can we get a tweet from Joe Rogan to buy GME? That'd complete the trifecta
 
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