Re:Robinhood, Trading 212 and others go down amid AMC and Ga...
by wp381640 on Wednesday January 27, 2021 @11:39AM
(#25930309)
Chatter in the last 12 hours on discord and on the threads has been a lot about having holders call brokers to ask that their stocks not be lent out
Re:Robinhood, Trading 212 and others go down amid AMC and Ga...
by mannykannot on Wednesday January 27, 2021 @11:28AM
(#25930197)
Matt Levine said this a couple of days ago:
"Bloomberg tells me that short interest is 71.2 million shares, while GameStop has only 69.7 million shares outstanding." (As he explained in a footnote, this does not necessarily imply massive naked shorting.)
I don't know how things have changed since then. Maybe this morning would have been a good time for GameStop to issue more shares?
I'm not so sure about the soccer moms thing. The FT has a chart of how many small players there are, and although it's shot up it doesn't look huge to me. Seems to me the WSB crowd IS making money, but there's probably more institutions jumping on for a piece of meat too.