just playing devil's advocate here, but isn't it possible they've closed their troublesome shorts last week and any high short-interest is from opening new shorts in the $300+ range?
They may have gotten out from under some of those shorts during the big dips, such as when trading was halted by RH and others on Thursday and the price went down to 132, but they were still bleeding out of their eyes to make that happen if they bought all their shorts back when the price was under $20 a share.
Your own link has historical volume average <10 million daily except for the days where le epic redditors were buying like crazy (after the shorts were made).
$GME was shorted to the tune of 150+%, so the shorts being covered at that price would have to involve a daily volume of 150+% of $GME's marketcap, which didn't happen.
Civility said my piece for me. I may be wrong about it, though, as the link has updated to reflect today's volume, and that is a good deal higher.
However, much of that volume is actually more short shares. As much as 55%. Shorts can't be covered by other shorts, it has to be covered by a long. If retailers have been hoovering up a substantial portion of GME and holding it long, then there just aren't enough longs to go around.
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just playing devil's advocate here, but isn't it possible they've closed their troublesome shorts last week and any high short-interest is from opening new shorts in the $300+ range?
Volume wasn't high enough to support that.
https://www.nasdaq.com/market-activity/stocks/gme/historical
They may have gotten out from under some of those shorts during the big dips, such as when trading was halted by RH and others on Thursday and the price went down to 132, but they were still bleeding out of their eyes to make that happen if they bought all their shorts back when the price was under $20 a share.
Your own link has historical volume average <10 million daily except for the days where le epic redditors were buying like crazy (after the shorts were made).
What the fuck are you talking about.
$GME was shorted to the tune of 150+%, so the shorts being covered at that price would have to involve a daily volume of 150+% of $GME's marketcap, which didn't happen.
Civility said my piece for me. I may be wrong about it, though, as the link has updated to reflect today's volume, and that is a good deal higher.
However, much of that volume is actually more short shares. As much as 55%. Shorts can't be covered by other shorts, it has to be covered by a long. If retailers have been hoovering up a substantial portion of GME and holding it long, then there just aren't enough longs to go around.
https://ns.reddit.com/r/wallstreetbets/comments/lbavu0/the_ratio_of_short_volume_to_total_volume/
The above post goes into some more detail about it.
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Imagine coping this hard.
The volume isn't low, it's fucking high, stop reading WSB for DD.
No.
Even if they were, what the fuck do you think is gonna happen? The answer? Nothing.
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