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Just noticed short position increases to 7.31, anyone know what does that mean? Thanks
https://www.shorttracker.co.uk/company/GB00B3MBS747/
The level of confidence short sellers have here makes you think they are privy to undisclosed bad news.
The chart on the short tracker says the level is the highest since 2018.
It's a bit weird, because if you look at the dates, no-one has actually increased their short positions since Apr 30th (0.1% incr for Systematica) and May 10th (0.08% for D1 Capital). But the overall short position is up 0.6%. Sow what do those figures mean?
Looks like Millennium International Management LP From zero ~0.52
D1 Capital Partners LP Increase 0.08
They don't track below 0.5%, so anything below that registers as 0%
D1 increased on the 3rd , 7th and 10th : see the 'Previous Disclosures' list: https://shorttracker.co.uk/company/GB00B3MBS747/
It does look like Millennium.
They must know bad news. Who opens a short when a stock is this low already?
If Millennium had been at 0.49% or less prior to Friday they would have registered as zero until then. Don't read too much into it. There's probably loads of shorts just under the radar.
This stock can still go lower. Rightly other hedge funds are attracted to the current shorting opportunity given the amount of negative issues surrounding the company.
I was reading Millenium as no change from the 10th, but I'm misinterpreting it. That makes more sense. So no change today but they went from 0 to 0.52 on the 10th.
I have a feeling that we will have some sort of short squeeze in most shorted UK stocks this week or so and that includes OCADO. Word of warning or advise to those who are short here - Make sure to have guaranteed stops! Remember this message when it happens. Good Luck
Also, a squeeze could get us to 500-600p when it happens with a possibility of gamma squeeze leading it to 1000p+ if it runs for few days...The downside from here is minimal anyway so I will hold for the big squeeze now. GLA!
Https://www.cityam.com/gamestop-shares-rocket-as-meme-stock-rally-engineer-roaring-kitty-returns/
Also a sitting duck at these levels! DYOR!
Game stop bites the short G-Y Bears.
Shorts now at 7.31% number two position.
Please do your own research as always and follows FCA guidelines.
The Gamestop saga simply reinforces my view that there is still too much dumb money in the markets. This is a company that should have gone bust a long time ago.
AA, there are lots of examples that prove there is a lot of stupid money around. Like a game of cards, you just have to spot the patsy's and take it off them. Be happy to be playing with fools, just don't fall into the trap of being one of them
AquarianAge,
Instead of criticising GameStop, one could have joined the bull run and made some money. (I did under $18 and still hold!) Furthermore, how can GameStop go bust, if they hold cash of $1B+ with almost 0 debt. They will short squeeze the hedge funds that are betting against the company's business just like the one from last time that went bankrupt.
Arrowstreet could have just increased by, say, 0.3% to take them over the disclosure line , having previously been just below the 0.5% level, but, their entire 0.52% now gets added to the disclosure figure, bringing it up to 7.31%
Must be some interesting discussions going on around the subject of risk management at certain hedge funds
Sang
I see "how not to panic in a crisis" is trending on Google :-)