Investing General Discussion

Blazin

Blazin

Creative Title
<Nazi Janitors>
7,479
37,490
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.
Click to expand...

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.
 
  • 1Like
Reactions: 1 user
Sanrith Descartes

Sanrith Descartes

Its all the Joos' fault. Am I doing this right?
<Gold Donor>
48,757
131,511
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.
Click to expand...
I grabbed that from online. Ill edit it out since its incorrect.
 
Ishad

Ishad

Ahn'Qiraj Raider
4,863
4,953
3A248849-EEBF-48AB-8E5D-D53859892F61.png
The best timeline
 
  • 1Worf
Reactions: 1 user
Big Phoenix

Big Phoenix

Pronouns: zie/zhem/zer
<Gold Donor>
48,682
106,155
AMD crushes it and it briefly goes red AH after almost going over $100.

HospitableSlimyChamois-size_restricted.gif
 
  • 1Worf
  • 1Thoughts & Prayers
Reactions: 1 users
Fogel

Fogel

Mr. Poopybutthole
14,958
62,446
So Chamath and now Elon helped pump this, can we get a tweet from Joe Rogan to buy GME? That'd complete the trifecta
 
  • 1Worf
Reactions: 1 user
You must log in or register to reply here.