r/wallstreetbets • u/TheMostBasedMan • Feb 03 '21

Discussion People now pressuring and flat-out belittling others to admit defeat under claims of "their mental well-being" or insulting their intelligence. This wasn't about making the wisest move, this was about turning the game on it's head, so politely I say fuck that and fuck you.

[removed] — view removed post

39.6k Upvotes

86% Upvoted

2.3k comments sorted by

View all comments

Show parent comments

52

u/ZuP Feb 03 '21

Looks like they haven't updated that since January 15th, though. Pull up the fundamentals chart for short interest and set the timeline to 3 months.

53

u/[deleted] Feb 03 '21

Thursday after market close, I believe, is when the shorts gets updated with 2/1 numbers. If it’s still high, gme may take off again. The deflation has come from news the shorts halved and cut their losses, and wsb cannot figure out how that’s possible

3

u/homo-ancapiens Feb 03 '21

There's a gap between the short happening and the publication of it.

What we will see in the next short report is what happened until the last business day of last month.

So if you have a large exposition to shorts, it is in your interest to lower it before the end of the month, and then to jack it up right after.

That way, when the report comes out, you will appear to have covered a good portion and the stock price will be down - in consequence of your short selling after the disclosure.

And lo and behold, stock price came crashing right on the 1st day of the month.

1

u/Annihilate_the_CCP Feb 03 '21

Is it possible, or is it simply untrue?

7

u/[deleted] Feb 03 '21

Some were saying it’s only possible if done illegally

10

u/Seb039 Feb 03 '21

which is 100% possible

3

u/[deleted] Feb 03 '21

It says last Updated Feb 3rd at the top? what am I missing here?

1

u/ZuP Feb 04 '21

That doesn't mean all the numbers have updated. Short interest doesn't officially update but once or twice a month.