The S3 is an op then. Chair said they use a different method than normal to calculate, it uses shorted shares(you know the naked ones too) instead of actual shares. Using the math from last week, its still over 120%.
The S3 guy apparently had a twitter thread or something where he tried to explain that 120% was wrong, the real number was 55%, because you have to count each borrowed share as two shares to make sure the number doesn’t go over 100%.
Its all stupid finance bro bullshit. The main takeaway is that every calculation of shares shorted as percent of float uses a different definition of "float," specifically so that their numbers can’t be easily compared.
deleted by creator
The S3 is an op then. Chair said they use a different method than normal to calculate, it uses shorted shares(you know the naked ones too) instead of actual shares. Using the math from last week, its still over 120%.
deleted by creator
The S3 guy apparently had a twitter thread or something where he tried to explain that 120% was wrong, the real number was 55%, because you have to count each borrowed share as two shares to make sure the number doesn’t go over 100%.
Its all stupid finance bro bullshit. The main takeaway is that every calculation of shares shorted as percent of float uses a different definition of "float," specifically so that their numbers can’t be easily compared.