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Gamestop Shorts on the RUN as Short Interest FALLS nearly 15%
Gamestop Shorts on the RUN as Short Interest FALLS nearly 15%. In the last several weeks, according to market data, the short interest in GME has fallen nearly 15% from 79.5M shares short to just 67.9M shares. The total short interest falling from 19.45% to 16,61%. A considerable portion of those shorts are not even directional bets against GME - just convertible note delta hedging (by definition not a directional bet). With $8.5B in cash destroying the bankruptcy thesis have the shorts moved on to greener pastures in other tickers? #TonyDenaro #GME #ShortInterest
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DISCLAIMER: Content, strategies and opinions on this channel are for entertainment purposes only. These are Tony's opinions, not specific investment or legal advice for you. Always do your own due diligence, read company filings and financial statements and seek a duly licensed professional for investment, tax or legal advice. Past performance is not a predictor of future results. This is not personalized but rather general educational and informational material.
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