days to cover short interest gme

https://finance.yahoo.com/quote/GME/key-statistics?p=GME - 2.81 days See the green line? GameStop Corp., GME - Live Short Interest changes, statistics and charts, Days To Cover (DTC), Cost To Borrow, Nasdaq and NYSE data as well as live Securities Lending data. But avg daily vol is not written in stone. If they're covering, that means people are selling. This is most likely when the squeeze will happen. Learn more. Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: You have already added five stocks to your watchlist. Short Interest Many investors believe that rising short interest positions in a stock is a bearish indicator. The most recent reporting period available is February, 12 2021. Unless everybody holds including wales, big fish, this talk is not relevant. With that in mind, we pulled the 10 stocks in the Russell 2000, an index of small-caps, with the highest short interest. According to the most recently available stats on shortsqueeze.com, GameStop's short interest is over 55 million shares. The short-interest ratio is the number of shares sold short (short interest) divided by average daily volume. GME stock showed short interest of 67.98 million shares as of November 30. Now I don't care. I’m not a financial advisor btw. This is the number of shares sold short divided by the average daily trading volume. Update Frequency: Twice Monthly I am just trying to highlight that if the 'HOLD' theory is working (I want it to work because I am holding myself), the DTC shouldn't come down as hard. As GME’s stock rose over 400%, the amount of money needed to cover these large short positions hit astronomical levels. Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter. Looking for new stock ideas? Short interest data that was released Wednesday showed 61.8M short interest with 122.97% of float, and 2.1 days to cover. This is for a company that … Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. So please, verify any information from multiple reliable sources. $GME short interest is $11.20B; 57.83M shares shorted; 113.31% of Float; 53.12% S3 SI% Flt; 29% fee & easing. Total Volume includes all the bullshit selling they are doing with each other. 54,490,000: Short Interest (Prior Shares Short… Short Borrow Fee Rates. A quick overview of what short interest and days to cover mean when trading stocks and how you can use it to your advantage We are seeing short interest remain high though - my hypothesis is that the hedge funds covered their riskiest positions already and replaced those with new shorts (betting that the price would come down from its ~$300 level right now). An increase in short sale volume suggests bearish (negative) sentiment among investors. "Days to cover" measures the expected number of days to close out a company's shares that have been shorted. Retail volume is how much buying and selling is retail movement. GameStop's (NYSE:GME) stock has been on an incredible ride this year. © American Consumer News, LLC dba MarketBeat® 2010-2021. Changes in short volume can be used to identify positive and negative investor sentiment. This table shows the interest rate that must be paid by a short seller of US:GME to the lender of that security. The most visible evidence was a rally in companies with the highest short interest, a basket of which climbed 2%, according to data compiled by Goldman Sachs Group. The short interest still has not changed from ~140%. Edit: Some goddamn good information (if true) -, verbatim from u/IFromDaFuture from the comments. I am having anxiety just spectating. Ideanomics saw a decline in short interest in the month of February. It is calculated by dividing the short by the avg daily vol to get the # of days. The days to cover is really just an estimate of how quickly all the shorts could cover their positions by taking the short interest (number of shares shorted) by the average daily volume. Which app should I use to buy? 326 E 8th St #105, Sioux Falls, SD 57103 | [email protected] | (844) 978-6257 MarketBeat does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security. Days to cover helps determine if a stock is a likely short squeeze candidate. It is impossible to cover 48.4M shares on a day of 50M volume, where 17.6M shares of this 50M were used to add further short positions. Get short term trading ideas from the MarketBeat Idea Engine. Names that … Isn't there inevitably going to more false starts? Do Not Sell My Information. Short interest data that was released Wednesday showed 61.8M short interest with 122.97% of float, and 2.1 days to cover. Dip for what? Days to cover is calculated by dividing the current short interest / average daily volume. I see alot of advice of people saying hold, but where are the wales, big fish saying hold? The longer the wait to exit, the more they lose. We use cookies on our websites for a number of purposes, including analytics and performance, functionality and advertising. But please, please, try to verify all the information that you're reading. It may go Jupiter and come back to Earth. To see all exchange delays and terms of use please see disclaimer. As the squeeze starts, *some* investors will sell off *some* of their positions, could that be enough to reverse course and stabilize back around $300? View all of the most shorted stocks. Just trying to spread awareness. Learn everything you need to know about successful options trading with this three-part video course. Short Volume. It is in my humble opinion that the information regarding Melvin having 5 to 6 days to cover their shorts is NOT true anymore. A decrease on short sale volume suggests bullish (positive) sentiment. You guys are confusing volume with real retail volume. I could be entirely wrong here and I would welcome it if someone proved me wrong. No reason to be impatient and FOMO in with this price action. They will probably start covering it on Friday and according to trading volume it will take them approximately 5-6 days to cover their shorts. Apes strong together! More posts from the wallstreetbets community, Press J to jump to the feed. https://twitter.com/ihors3/status/1355194252674953219. GME / GameStop Corp. short volume is shown in the following chart. That is why you HOLD. See what stocks are on extreme levels and the most shorted stocks by sector and regions. GameStop’s decline came as short interest for the company plunged to 53% of its available shares, from more than 140% just last month, according to data from financial analytics firm S3 Partners. A guy on reddit, for the past year has been trying to highlight to people on r/Wallstreebets that the short interest was so high that the company was susceptible to a short … They will probably start covering it on Friday and according to trading volume it will take them approximately 5-6 days to cover their shorts. This isn't financial advice as I am a complete and total retard myself. As of February 12th, traders have sold 28,240,000 shares of IDEX short. With that in mind, we pulled the 10 stocks in the Russell 2000, an index of small-caps, with the highest short interest. GameStop sits at 226.4% of float short and 88.6% of outstanding shares short, with 2.8 days to cover short. Hold on to it! View which stocks are hot on social media with MarketBeat's trending stocks report. 30.23 % Short % Increase / Decrease-23 %: Short Interest (Current Shares Short) 16,470,000: Shares Float. I also came across some images yesterday which were uploaded by a user who I'd like to credit but I can't find him, so the source of following images is 'dude, trust me', "The short ratio heavily depends on the volume. One definition of the short-interest ratio is the number of days to cover. View our full suite of financial calendars and market data tables, all for free. IMO, short squeeze is still a possibility if the price goes up further or if through holding the price stays the same and hedgies get bored / don't want to keep paying interest on their positions (although personally I think this is less likely than momentum in GME dying down and retail traders taking profits).". Short interest is typically published by a stock exchange once per month. It's not that you shouldn't be greedy -- it's that you should be as greedy as them. Institutional short sellers are in no pressure to cover and that was the only hope for upside past $40 after all the retail short sellers were already squeezed. If I end up down a chunk of money but some of them lose everything then I will consider that money well spent. I am holding shares like a muthafucka. Learn more. Let me explain with links and shit for authenticity purpose -, https://finance.yahoo.com/quote/GME/key-statistics?p=GME - 2.81 days, . One definition of the short-interest ratio is the number of days to cover. If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender. Here is how the short interest of companies in the industry of "business services, not elsewhere classified" compare to Ideanomics: Phreesia, Inc. (4.17%), EVO Payments, Inc. (0.00%), NIC Inc. (1.67%), Accolade, Inc. (5.84%), TechTarget, Inc. (7.91%), Repay Holdings Co. (0.00%), CBIZ, Inc. (1.28%), Cardtronics plc (4.49%), Cielo S.A. (0.00%), and B. Riley Financial, Inc. (3.75%). It may have been true at the beginning of the week, but not anymore. "Hijacking top comment. To short Ideanomics stock, an investor borrows shares, sells them and buys the shares back on the public market later to return it to the lender. Whoever planned it, trapped Citadel and Friends into a corner of poor despair and desperation. Short interest is the volume of Ideanomics shares that have been sold short but have not yet been covered or closed out. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. I’m not a financial advisor btw. This indicator is powerful in gauging the ease-ability of the shorts to buy the shares that are short, and thus potentially causing dramatic changes in stock price. Many investors believe that rising short interest positions in a stock is a bearish indicator. Short Interest is the total number of open short positions of a security. Please log in to your account or sign up in order to add this asset to your watchlist. I don't even have a dollar in GME( I wish I did) but I can feel the pressure. When talking about short interest, the 'Days To Cover' is the avg number of days it will take to cover the short position and bring the short interest to 0. Best would be seeing big fish/wales proving they hold and fighting the fight. There are 5 other companies >50% of shares outstanding short AND >70% of the float short. Investors that short sell a stock are betting that its price will decline in the future. https://finance.yahoo.com/quote/GME/key-statistics?p=GME, http://www.ortex.com/symbol/nyse/gme/short_interest, https://twitter.com/ihors3/status/1355194252674953219. However, NASDAQ publishes a report for U.S. stocks, including IDEX, twice per month. GameStop was not surprisingly No. IMO, short squeeze is still a possibility if the price goes up further or if through holding the price stays the same and hedgies get bored / don't want to keep paying interest on their positions (although personally I think this is less likely than momentum in GME dying down and retail traders taking profits)." (FYI I believe this data is only released every couple weeks, so stop believing that people have up to date SI/%, we can only speculate) This is the number of shares sold short divided by the average daily trading volume. As of Thursday, Ortex reported 39M short interest - way lower than what S3 reported - and a huge drop from the day before. As of February 12th, there was short interest totaling 28,240,000 shares, a decline of 21.1% from the previous total of 35,800,000 shares. and the more dips they cause which we snatch up, the worse it gets for them. © 2021 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Shares shorted down -5.08M shares, worth $983 million, -8.07%, last week. This forces short sellers to cover their short interest positions by buying actual shares of IDEX, which in turn drives the price of the stock up even further. A short squeeze for Ideanomics occurs when it has a large amount of short interest and its stock increases in price. Dollar Volume Sold Short: $90.09 million: Short Interest Ratio / Days to Cover: 0.5: Last Record Date: February, 12 2021: Outstanding Shares: 108,560,000 shares: Percentage of Shares Shorted: 11.82%: Today's Trading Volume: 36,480,888 shares: Average Trading Volume: 52,238,418 shares: Today's Volume Vs. Average-30.16% See what's happening in the market right now with MarketBeat's real-time news feed. It is undoubtedly true that we simply do NOT know what is … Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Days to cover is calculated by taking the number of currently shorted … Receive a free world-class investing education from MarketBeat. GME as a company is still relatively undervalued (assuming it doesn’t go under). In need of someone to link me to the actual DD since I only just started to learn how all this works. Because the volume has been increasing higher for GME this makes it seem like the "days to cover" - 2.81 may seem like the short position is declining but it actually indicates the opposite. The above-mentioned condition of short interest would guarantee that they have to cover. See what stocks are on extreme levels and the most shorted stocks by sector and regions. It really is that simple. 1 month GME Short interest decrease with today’s volume and day’s to cover Reddit . Press question mark to learn the rest of the keyboard shortcuts. Reddit group WallStreetBets' traders helped drive the price from about $17 at the start of the year to $483. I've never owned a single stock before in my life, I'm not qualified to do anything other than speculate wildly. That’s when the hedge funds that were short millions of shares of the stock scrambled to buy back GME stock, desperate to cover their short positions. As of the most recent reporting period, the following stocks had the largest short interest positions: ViacomCBS Inc. ($6.50 billion), Aon Plc ($5.58 billion), Charter Communications, Inc. ($5.30 billion), Analog Devices, Inc. ($4.97 billion), Snap Inc. ($3.80 billion), Futu Holdings Limited ($2.84 billion), Airbnb, Inc. ($2.40 billion), Discovery, Inc. ($2.35 billion), Snowflake Inc. ($2.07 billion), and The Kroger Co. ($2.00 billion). GME has for quite some time been a favorite of short sellers that have been expecting it to go bankrupt due to it being a brick and mortar retailer. Don’t listen to CNBC saying they already covered their losses! IN SHORT: Whoever planned all that knew, that Citadel and Friends were going to MASSIVELY overshort GME and it was prepared and planned to happen on that exact day. On the highest side it’s been for the last month. The short interest still has not changed from ~140%. I completely agree. It is undoubtedly true that we simply do NOT know what is going on behind their closed doors. I will continue to hold even if I am shitting my pants for every dip I see. The difference between the sell price and the buy price is the trader's profit. Or did it? Responsible short sellers use call options as a hedge against the trade falling apart on them. meaning that the DTC is most likely much longer than the predictions here because they can trade with each other all they fucking want but until retail starts to sell in volume they won't pull enough shares to cover. View: Short Interest Ratio (Days To Cover) 0.5: Short Percent of Float. 0.00% of Ideanomics' shares are currently sold short. Ideanomics' stock is trading up $0.44 today. Fundamental company data provided by Zacks Investment Research. http://www.ortex.com/symbol/nyse/gme/short_interest - 1.15 days. i dont see them now.. 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