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by mupuff1234 1594 days ago
Where do you see a short interest of 220%? Checking yahoo finance now it's listed at around 20%.
2 comments

Here is a archine from Jan 14, 2020 showing 101% of float SI. https://web.archive.org/web/20200114081942/https://www.marke...

The 220% was in Feb.

The site you linked shows the short interest is currently at 14%.
They've changed the way the calculate SI now.

Before; SI = [Number of Shares Short] / [Float]

Now; SI = [Number of Share Short] + [Float] / [Float]

Ask yourself, why...

> They've changed the way the calculate SI now

This is nonsense. Who is “they”?

FINRA and the SEC require brokers to report short interest data twice a month [1]. These are share aggregates. FINRA then provides those data for U.S.-listed companies to the exchanges, who publish it. None of those exchanges have changed their publishing methodologies in years.

[1] https://www.finra.org/investors/insights/short-interest

"They" are the data aggregation websites that post shares SI.

FINRA and the SEC have nothing to do with the actual calculation of SI that various websites report.

Read; https://www.reddit.com/r/wallstreetbets/comments/lbydkz/s3_p...

S3 SI% of Float = Shares Sold Short/(Float + Shares Sold Short)

> Before; SI = [Number of Shares Short] / [Float]

> Now; SI = [Number of Share Short] + [Float] / [Float]

So you're saying that SI is always reported as higher than 100% now? Since that's not the cause, are you saying there's negative number of short shares now?

Maybe think for 2 seconds about your 2nd formula?

Read; http://webcache.googleusercontent.com/search?q=cache%3Ahttps...

S3 SI% of Float = Shares Sold Short/(Float + Shares Sold Short)

Sorry; Now; SI = [Number of Shares Short] / [Float] + [Number of Shares Short]