[Anadorr]

It seems that many people here are convinced that all short positions on GME were closed. This is actually surprisingly hard to prove, given that:

- Market Makers don't fall under the same requirements as other market participants (e.g. broker dealers) and can create artificial short positions without having shares to borrow, and are allowed extra time to deliver them

- Synthetic short positions (e.g. by the means of options) do not have to be reported and FINRA is only now 'considering' asking to report it [1]

- Short positions by the means of shorting ETFs containing GME are reported as ETF SI (and XRT, by the way, has 700% SI)

There are many indicators that suggest the opposite (that short positions were not closed):

- Retail directly registered over 10% of available float (excl. insider shares) as of 3 months ago [2]

- GME still had spikes of failure-to-deliver in August, similar to original FTD & price spike [3]

- GME is IBKR's hottest short by value as of 1/27 [4]

This is not a financial advice, everyone does their own due diligence. Disclosure: I own directly registered shares of GME.

1 - https://www.finra.org/sites/default/files/2021-06/Regulatory...

2 - https://investor.gamestop.com/node/19571/html "As of October 30, 2021, 5.2 million shares of our Class A common stock were directly registered with our transfer agent, ComputerShare"

3 - https://stocksera.pythonanywhere.com/ticker/failure_to_deliv...

4 - https://www.tradersinsight.news/traders-insight/securities/s...

[shawabawa3]

> Short positions by the means of shorting ETFs containing GME are reported as ETF SI (and XRT, by the way, has 700% SI)

XRT only holds 0.71% GME shares, so seems like an extremely inefficient way of shorting it. The entire XRT short position is around 170k GME shares, or about 0.4% of the float

> Synthetic short positions (e.g. by the means of options) do not have to be reported and FINRA is only now 'considering' asking to report it

But put options don't get squeezed (call options may cause a gamma squeeze)

> Retail directly registered over 10% of available float (excl. insider shares) as of 3 months ago

What relevance does that have? There's still 90% of the float available to be lent with a short interest of just 15%

I still hold some GME shares leftover from last year but fully believe the short squeeze has happened and there's nothing but a collective delusion left

[nairboon]

> XRT only holds 0.71% GME shares, so seems like an extremely inefficient way of shorting it.

No, actually it's quite efficient. You short XRT and simultaneously go long all other components except GME. Now you are net short GME without having to report a short position on it or borrow shares in the first place.

[auntienomen]

Except that you need to buy a _lot_ of stocks to cancel out the non-GME positions. It's probably 100x more expensive to short Game Stop this way. Not economically feasible, even if you could find a broker willing to do it.

[Anadorr]

Correct - put options don't get squeezed, but short call options do.

The thing is, buying ITM put options usually due to delta hedging causes the counter-party (market maker) to sell shares short. If done directly (OTC) and with prior agreement, this 1) lets the parties create short positions owned by market maker, 2) hide these short positions, since market maker has 6 days to settle the trade (deliver the stock), but can fail to deliver and has in total 21 days for delivery.

The only short positions that need to be reported are "those short positions resulting from short sales that have settled or reached settlement date by the close of the reporting settlement date" [1], so as I understand market makers can hold a large non-delivered not settled 'limbo' position and not report it since it's not settled by the reporting date, and just reset the cycle every 6-21 days.

Oh, and short interest is self-reported and not enforced, so any self-clearing market making firm could make 'mistakes', sometimes even for 6 years straight [2], and go away with a small fine.

1 - https://www.finra.org/rules-guidance/rulebooks/finra-rules/4...

2- https://www.finra.org/media-center/news-releases/2015/finra-...

[ABeeSea]

XRT had over 600% short interest in 2011 because it’s filled with failing brick and mortar retailers.

[real-dino]

What isn't mentioned here is the constant gaslighting by MSM about 'forgetting GameStop'. It can't be measured, but there are some seriously powerful people out there who want people to leave it well alone.

If there is hidden short interest in GME, there is also short interest in countless other companies, including those liquidated like Sears, Blockbuster and Toys R Us.

Although saying that it could be the end of financial markets doesn't help our cult like status.

[magic123_]

I agree, I'm not knowledgable to argue about the finance aspect of things, but simply seeing how the media talks about Gamestop decided me to hold on to the few shares I still have