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Gme bloomberg terminal7/30/2023 ![]() From 20 dollars to 483 is impressive, but it is really just a squeeze for ants given how high the SI was. ![]() 12% short interest was already enough to trigger the VW squeeze. It seems quite simply impossible for that many short positions to have covered for a massive net decrease of SI amidst retail frenzied buying + gamma squeeze ocurring while they had to buy the equivalent of the entire float and then some, only for the price to crash as it did. Shorts likely repositioned their original prices (and are now short from higher up) and are using misleading data to make it seem as if they covered. ![]()
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