Short squeezes will remain a big story in the financial-news media until heavily shorted stocks that have been pushed up by individual investors connected through social media come crashing back to earth.
Even if you don’t buy the argument that these short squeezes are temporary phenomena and that the prices will normalize, consider this: Shares of GameStop closed at $347.51 on Jan. 27. The company is expected to show a loss for calendar 2021, but a profit of $1.22 a share in calendar 2022. The business has its challenges because so many videogames are now downloaded, rather than purchased at stores. The pandemic has also, of course, hurt sales.
Among the Russell 3000, there were 68 stocks with at least 25% short interest as of the close on Jan. 27, according to FactSet. The data provider uses the total float at of the end of the previous month as the denominator, but the numerator — the number of shares sold-short — is updated twice a month, typically on the 25th day of the month. So the data is rather fresh, and the percentage short for GameStop was down to 120% from 138% only two days earlier, according to FactSet’s data.
But there is another way to look at short exposure — dollars, rather than percentages. If we look at it that way, Tesla Inc. TSLA, -2.89% is the most heavily shorted stock, even with short interest of 7.4%. The company’s market capitalization was $819 billion at the close on Jan. 27, making for $60.9 billion in short positions.
Any good new pot stocks? 😛
$BBBY Bed Bath Beyond now has an 82% short % of the float!!! It increased from 67%. Company ANNOUNCED an accelerated $375 Million Stock Buyback before Feb 27th!! It's running until then!! 🚀🚀🚀🚀🚀🚀🚀
What is going to happen when people pull out of these short squeeze stocks after 🚀🕳? Or with added capital can their leaders turn the businesses around?
$ASTI Ascent Solar to the Moon!
silversqueeze
silversqueeze
How's that medicine taste
Everything is just smoke and mirrors at this market now. They should change the name to this super market power bet in FODE - futures, options, derivates exchange, and split it between real stocks and these wannabe fake ones!
Normally I wish all traders success but in the case of shorters I don’t mind seeing them get burned 🥵
GME and AMC is the goal. Dont listen to this nonsense.
Yep, next week you might see $CENX and $CLF added to the list of stocks that get pushed up since both have high short interest and always suppressed by hedge funds. wsbmod and his millions of followers will add these two to the list to give a push up
■ Bitcoin, Stocks, Nasdaq, Gamestop, Tesla, Amazon, Alibaba, Nokia, Nike, Facebook, Netflix, Dow Jones, Nio. Open your FREE PASSFOLIO Account now. LInk ■ Acoount opened in 1 Minute■ ● Create an account today●
Get ready 👀
thanks for this news
In DOGE we trust. We can do it dogecointoadollar DogecoinToTheMoon MakeAmericaGreatAgain investors
Buy the fucking dip
if they are not going to let us buy them I am pulling out all my money. I just sold out 30k Now I only own amc nakd nok. Until they open these for everyone I will not put another dollar elsewhere!
POTUS JoeBiden WhiteHouse gme RobinhoodApp The rich are stealing from the middle class. Stop the manipulation!!! Victory is ours.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: CNBC - 🏆 12. / 72 Read more »
Source: MarketWatch - 🏆 3. / 97 Read more »
Source: CNBC - 🏆 12. / 72 Read more »