You know if they literally are just going to hold until the price drops the tendies might actually have to hold it for 40 days.
Citron Research's Andrew Left said he was abandoning the trade "at a loss 100%."
fortune.com
Still, GameStop shares sold short currently amount to more than 113% of the company’s total outstanding shares, making it the market’s most shorted stock by that measure, according to S3.
That’s also made shorting GameStop outrageously expensive, and yet investors are paying the price: The borrowing fee to short GameStop stock is now nearly 30%—with the fee rising to 50% for those making new short bets on GameStop. By contrast, the average borrowing fee for shorting U.S. stocks is under 1%, S3 says.
After all, despite the black eye many short-sellers took on GameStop this week, others remain undaunted in making bearish calls.
Nathan Anderson, founder of
Hindenburg Research—which made possibly
the most famous short call of 2020 in his takedown of
Nikola Corp., halving the market cap of the electric-vehicle maker with his report—falls in the latter camp.
The Memes, they make themselves.
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nypost.com
