Gamestop short interest just updated, it is now 78.46%

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image showing Gamestop short interest just updated, it is now 78.46%

StarryNight321 on February 10th, 2021 at 03:53 UTC »

Can't find the post, but someone posted a DD about two scenarios. One of them was that short positions were covered and the second peak was the FOMO wave, and the second scenario was that the shorts were holding and waiting for it to implode. It seems like they were correct in that the actual situation is an intermediate of the two.

What happens now will really depend on what people at the long position does. No doubt more momentum is needed compared to the first spike if they want another squeeze. We saw the Reddit hype, the news coverage, and the increased interest in trading and investing two weeks ago. The question is, will people who have made it out with a gain come back for a double dip? The other question is sell limits. A lot of people FOMO'd into the stock at the $300s and there will be a lot of sell orders once around the high $200s, effectively flattening the potential surge.

Nobody knows what's going to happen tomorrow or in the next couple of days with GME. It's going to come down to the retail and institutional investors holding the stock, as well as the options and derivatives market.

whipstickagopop on February 10th, 2021 at 04:13 UTC »

Can someone confirm that the shorts data listed here is a snapshot up to Jan 27th?

Young_Sire on February 10th, 2021 at 04:19 UTC »

I’m genuinely so confused at this point. I’ve read so much misinformation in the past two weeks that idk what is real or what is actually a plausible outcome at this point.

People are either psychotically anti or pro GME and that makes it impossible to decipher.