/sci/ - Science & Math

Short Interest is reported by the exchanges on semi-monthly basis for stocks that trade with the NYSE. The most recent report was short interest as of Jan 15 which is 226.42% of shares float increased from Dec-31 of 140%. This is because shares can be shorted more than once. - https://finance.yahoo.com/quote/GME/key-statistics?p=GME

Today, 9,606,123 new shorts were entered. It's not completely evident how many were covered but some paid services provide live estimates/data of current short interest. The short volume was in line with Tuesday's percentage of 16.89%. That is out of 58,494,600 shares exchanged today, 16.89% were shares that were shorted (sold on margin). This indicates an increasing short interest not decreasing. - https://fintel.io/ss/us/gme..

The days to cover is really just an estimate of how quickly all the shorts could cover their positions by taking the short interest (number of shares shorted) by the average daily volume. Because the volume has been increasing higher for GME this makes it seem like the "days to cover" - 2.81 may seem like the short position is declining but it actually indicates the opposite. I would expect this to be less than 1 when the short squeeze is underway (e.g. less short interest / average volume). - https://www.investopedia.com/terms/d/daystocover.asp.. This number is extremely high vs TSLA with a ratio of 1.09 or AAPL 0.88. This high number represents that the short squeeze is ready to hit at any moment but we are far from there.

At this point, the shorts think this is a fad and it will just fade away and so just keep re-entering to not only cover their loss but to earn profit off it's rise. They view that they haven't lost anything that can't be re-earned and aren't afraid of WSB army. Any fake news that say all shorts have exited is completely and 100% false.

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