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Number of GameStop shares shorted edges higher: S3 Partners

Published 02/03/2021, 12:38 PM
Updated 02/03/2021, 12:40 PM
© Reuters. FILE PHOTO: GameStop stock graph is seen in front of the company's logo

NEW YORK (Reuters) - The number of GameStop (NYSE:GME) shares shorted edged higher as the video game retailer's stock price tumbled on Tuesday, according to the latest data from analytics firm S3 Partners.

© Reuters. FILE PHOTO: GameStop stock graph is seen in front of the company's logo

The number of shares shorted was 26.39 million on Tuesday, up from 26.09 million a day earlier, according to S3. GameStop's short interest, a measure of stock price and the number of shares shorted, stood at $2.38 billion, according to S3.

Latest comments

The difference now (as opposed to last week when it kicked off) is that many retail investors who bought into the initial short squeeze are stuck holding losing positions, with most of their capital being wiped out over the last few days... therefore there won't be enough retail money out there to do short squeeze part 2 (they need significant capital to do a big squeeze like the first one). On the other side of the fence, the hedge funds who had stringent stop losses now have the funds to short these stocks into oblivion, and wipe out all retail investor capital once and for all. Ironically, by "holding the line" and having "diamond hands", the retail investors have now actually lost themselves this war due to the delusion that this was hurting the hedge funds (when in reality it was only hurting themselves). Had they sold out after making a few hundred percent, they would have enough extra money to pump a second short squeeze on the hedge funds. Very interesting to watch.
I mean, you're exactly right.
I mean, you're exactly right.
Cutting off their means for communication was a good start, along with the media blitz. Cant have regular people communicate like the wallstreeters. What you really need to do is make sure they dont have any access to data at all. Media blitz was good, like blaming them for silver. Shutting purchases down A plus. Taking short reports offline another A plus. Make sure those evil normies only have a chance to give their money away.
Cant tell if youre being sarvastic or not. If not... who hurt you?
More buying restrictions will help bring the price down.
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