Do you maybe know where the 140% figure comes from?
Most websites simply copy FINRA report stating that 61,780,000 shares were short against 102,270,000 shares outstanding:
https://www.marketbeat.com/stocks/NYSE/GME/short-interest/
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How to see total short positions for a stock? Specially GME today :)
- Thread starter salamanderforex
- Start date
Do you maybe know where the 140% figure comes from?
Most websites simply copy FINRA report stating that 61,780,000 shares were short against 102,270,000 shares outstanding:
https://www.marketbeat.com/stocks/NYSE/GME/short-interest/
Honestly.... I'm only going by what Bloomberg and CNBC said.Do you maybe know where the 140% figure comes from?
Most websites simply copy FINRA report stating that 61,780,000 shares were short against 102,270,000 shares outstanding:
https://www.marketbeat.com/stocks/NYSE/GME/short-interest/
I assume its valid. At least from Bloomberg.
From SOES Bandit to Snowflake...What happened to you? Are you upset Coachella got canceled again?That's the whole friggin problem bud.
You can't.
And its bs.
Its been like this forever.
They update short interest twice a month.
It used to be once a month.
I guess in their benevolence they decided to throw us a bone.
Its complete bs.
There's no reason that info should not be made available daily.
And... (not you OP)...
don't jump in here and tell me it can't be done.
These friggin brokers etc have all that info.
Gimmee a friggin break.
If I short 200 shares of FB today and I don't flatten out by the EOD... that's pretty much "cut and dry" data. It can be logged.
Every broker out there should be required to have the coding in place to aggregate that data across every stock and upload it nightly.
This is not a leap in technology. Not even close.
This is no different than anything else.
Every broker... IB, TD, Schwab, Fidelity, E-Trade..... and a dozen others out there need to report short sales nightly.
Period.
I mean WTF?!
The best info I can get is two weeks delayed, and THAT INFO IS FROM THE PRIOR TWO WEEKS?!!!
And don't throw bs at me like "well there's shortsqueeze.com".
Pffff. That info they compile is out there for free. I used to have the sites bookmarked for the Nasdaq and NYSE where its compiled, but it's worthless info. They tabulate sells of a stock. Its not the actual short sales, despite what these pay sites advertise.
Here's the bottom line folks....
there is no transparency into this for a reason.
A BIG REASON.
It's because gaming the short positions on a stock, whether you are gaming it long OR you are gaming it short... is the biggest and most profitable scam on Wall Street. Do you think the elite are going to let that go with such an "arcane" concept as transparency.
You're not gonna kill the golden goose folks.
I'm not a pro, but I've been in this game for damn near 4 decades ok?
I know wtf I'm talking about.
Want a level playing field(?)... then demand transparency.
Send this post to Elizabeth Warren... aka our beloved "Pokey".
There's an easy fix for all of this. It's called transparency.
If we had that, there never would have been 140% of GME shorted.
Some smart cat on Reddit knew what a lot of us already know... difference is...he figured out a way to raise an army of buying power and crazy millenials to f the powers that be at their own game.
Whoever he is.... mad props.
Problem is, here come the knee-jerk reaction rules that will screw all of us.
it never fails.
And the real problem won't get fixed.
You watch.
-vz
I'm not anything dude... except flat for the weekend...What happened to you? Are you upset
Your point?
This is this whole idea of fractional reserve banking. Money can be multiplied out by lending it out, and then borrowing up. It would be the same with lending shares. As long as brokers abide by the margin requirements from the Fed, they can lend the shares to the next broker over, which then sells them right back. Is it a good idea? Probably not. Is it stable? Probably not. Can it be done? It works for dollars, so why not shares?They can't.
Also, from an arbitrage viewpoint, I could draw up a contract that promises to pay out the value of a share, and sell it. I don't actually need to own any shares at all, since it can be cash settled. It's the same idea with futures trading.
The only way you could convince me that publishing that data frequently helps, is if some actor in the system would take advantage of this knowledge and put long pressure on the stock. In other words, 100% is a completely arbitrary number, why stop there?
so why isn't this data published?The only way you could convince me that publishing that data frequently helps, is if some actor in the system would take advantage of this knowledge and put long pressure on the stock. In other words, 100% is a completely arbitrary number, why stop there?
Whether it helps or not, you and I can debate forever.
What's to lose by publishing it?
Why do I have to get a short interest on a stock 4 weeks delayed?
Remember, its two weeks.... for the PRIOR two weeks.
I mean using your logic, you could sit here and say "you don't need to see the volume on a stock".
Like I said, anything can be argued.
And this place thrives on that.
Et.
But whatever.
So this diagreement is going nowhere.
Bottom line... the f'ing data is out there.
Let the traders see it and let them decide.
I know damn well it would work for me.
4 weeks?
What is this (?) 1975....!
These brokers know down to a single share how much of a particular stock has been shorted on any given day.
If THEY know it... I WANT TO KNOW IT.
Case closed.
Like I said, I mostly agree with you, I just don't think it will have the effect you want. More transparency is better IMO.So this diagreement is going nowhere.
Bottom line... the f'ing data is out there.
Let the traders see it and let them decide.