When I saw the Kevin Malone tweet earlier, I immediately did some quick math. The article he sited said gme shorts lost 1.5 billion in 5 days. GME is up $5. 1.5 billion divided by 5 is 300 million, not the 56 million or whatever they are claiming short interest is. This is an accidental addition that short interest is at least 100%
I’m not sure I understand the original claim, that shorts lost 1.5 billion. How is the number calculated, and is it accurate?
One comment on reddit said: “I’m going to guess you take the confirmed short share % and multiply by the price change.”
one question i’ve not looked into too deeply is how % shares short is even calculated. i’ve heard many suggestions that the short interest is a false or manipulated number but i’ve never confirmed this for myself.
They can only report up to a certain number regardless of how many more there are. If they don’t have to admit the rampant crime they can keep doing it longer.
I think much of the time you reach into an anal cavity and whatever comes out… hey! There ya go.