Are investors holding 200% of GME shares?

Discussion in 'Wall St. News' started by guru, Jan 31, 2021.

  1. Pekelo

    Pekelo

    #21     Feb 1, 2021
    zghorner likes this.
  2. zghorner

    zghorner

    #22     Feb 1, 2021
  3. Pekelo

    Pekelo

    This 140% short can be caused by 2 different issues:

    1. Naked shorting. Illegal.
    2. Multiple shorting of the same stock. Legal.

    3. Well, a combination of both.

    At this point it is unclear which one caused the going over 100% of the float. I wouldn't be surprised if the brokerages let HFs to short shares what weren't located, aka naked.

    Quote from the thread:

    "Michael Burry tweeted yesterday that when he called in his lent-out GME shares, it took his broker WEEKS to find them."
     
    Last edited: Feb 1, 2021
    #23     Feb 1, 2021
    taowave and zghorner like this.
  4. zghorner

    zghorner

    It certainly seems like an absolute shit show at this point. Thanks.
     
    #24     Feb 1, 2021
    userque likes this.