Quote:
Originally Posted by wdfifteen
"Ihor Dusaniwsky, the managing director of predictive analytics for S3, said in a tweet that GameStop short-sellers have recorded nearly $20 billion in losses so far in 2021.
$GME short interest is $11.20B; 57.83M shares shorted; 113.31% of Float; 53.12% S3 SI% Flt; 29% fee & easing. Shares shorted down -5.08M shares, worth $983 million, -8.07%, last week. Shorts down -$19.75B in 2021 mark-to-market losses; down -$7.83B on today's +70% move"
Can someone kindly translate that?
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Someone looks at reported short interest and calculates loss based on stock price change between reports. Of course, they don’t know if the short positions were hedged, or what trading there was between reports. I’d be surprised if HF who are currently short GME haven’t hedged the position, in which case there wouldn’t be near that calculated loss today.
Basically I think it’s not a very reliable conclusion.