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A comment on GameStop Is Rage Against the Financial Machine. Parent comment

Re:GameStop Is Rage Against the Financial Machine by melq on Wednesday January 27, 2021 @05:31PM (#25935028)
Couldn't they close their position and still have the short interest go up because of other investors opening new positions?

If these institutions are going on record as closing their positions, when they actually havent, aren't they committing some sort of fraud?

[ Parent | on HN ]
Re:GameStop Is Rage Against the Financial Machine by ordinaryradical on Wednesday January 27, 2021 @05:45PM (#25935187)
If you follow this in more detail you will see they have already misled the public on their positions several times. But when the choice is between your fund’s bankruptcy and an SEC fine, people do crazy things.
[ Parent | on HN ]
Re:GameStop Is Rage Against the Financial Machine by edlebert on Wednesday January 27, 2021 @05:50PM (#25935248)
Also the borrow fee for shorts is insane now, like 23%.
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Re:GameStop Is Rage Against the Financial Machine by FabHK on Wednesday January 27, 2021 @10:33PM (#25937805)
Annualised? If so, that's peanuts.
[ Parent | on HN ]