Comment Comment by adriancr Ok, let's assume they shorted at 10$, they lost 3 Billion at 65$ (and say they closed the position)So, the stock needed to be bought back was worth 3 billion at 65$, reduce the 10$ per share it was shorted at and you get 3000M/55 = 54M shares.Total stock float of GME is ~64M, so the short % was ~80%You see how it's way off of the 14%? (and close to impossible to close out of?)If they did not get out then they would be very bankrupt right now. parent adriancr 5 years ago
So, the stock needed to be bought back was worth 3 billion at 65$, reduce the 10$ per share it was shorted at and you get 3000M/55 = 54M shares.
Total stock float of GME is ~64M, so the short % was ~80%
You see how it's way off of the 14%? (and close to impossible to close out of?)
If they did not get out then they would be very bankrupt right now.