But the practice should at least be limited to some percentage of the stocks float, after which no further short sells allowed. Float is the number of outstanding shares minus the restricted shares and the shares held by insiders. Percent of Float Total short positions relative to the number of shares available to trade. All Rights Reserved. The SEC would have no part of such a regulation. As the Security Exchange Commission does not regulate short-sellers, it could create complicated situations. View and export this data going back to 2002. The margin is set based on the stock volatility, and GME had recently volatility >500%, which is YUUUGE. And lastly, there were very few shares to borrow at the time, only a fraction of the 25M result. So the short float percentage is the number of shorted stocks (54,735,850) divided by the float (46,890,000) x 100. It should come as no surprise that GameStop ( GME ) still tops that list with 122.97% of float short as of the most recent data for mid-month. Short Interest plays a powerful impact on the order flows that can surge into the stock market. Completely absurd. Coupled with a reverse stock split to ensure the legal amount of shares have been issued would take away all leverage from fraudulent short-sellers and force the naked shorts to cover immediately. GameStop Corp. (NYSE:GME)’s Major holders. I saw news that 140% of the GME float had been sold short. Real-time quotes, advanced visualizations, backtesting, and much more. ShortSqueeze® tracks short selling in 16,000 stocks and provides market professionals with exclusive short interest data and services not available anywhere else, so you may gain from this valuable information and identify powerful stock opportunities happening - now! GME has been successfully added to your Stock Email Alerts list. It should come as no surprise that GameStop (GME) still tops that list with 122.97% of float short as of the most recent data for mid-month. It is becoming clearer that short interest data is being inaccurately reported with the hopes of persuading shareholders that there are no shorts to squeeze. HighShortInterest.com provides a convenient sorted database of stocks which have a short interest of over 20 percent. It should not be possible for more than 100% to be shorted, and because brokers can lend only shares held in margin accounts, the percentage of shares available to short should be much lower than 100%. Fundamental company data provided by Morningstar, updated daily. Equivalently: the short interest is 40%. As of today, GameStop's Short Percentage of Float is 292.53%. At 113.31% of float, that means there are an estimated 51M long positions in the float. Here are the nine U.S. stocks with the highest short percent of float, according to S3 Partners (minimum $50 million in short interest): RealReal Inc (NASDAQ: REAL ), 95.5% of float. GuruFocus has detected 2 Severe Warning Signs with GME. There is no better illustration of this than Gamestop (GME) which has a short float of 141%. " Short Percentage of Float is the percentage of shares shorted compared to the float. Short-sellers create an appearance of having closed their short position through the use of deceptive options trades. Depending on which site you read, you might find short interest at … Companies with a short interest percentage of 20% or more indicates widespread negative sentiment. Due to complex stock market mechanisms and less SEC regulation, this short float percentage could become more than 100%. Source: Bloomberg Squeezes have already been under way in some of them already, it appears. This likely did not happen for various reasons, including: We have seen their ability to short-ladder and manipulate the price down. Click here to check it out. Join thousands of traders who make more informed decisions with our premium features. (tradeable shares of a given instrument). In the table below, we show the 20 stocks in the Russell 3000 that currently have the highest short interest as a percentage of float. This feature is only available for Premium Members, please sign up for. That’s the problem. Yes, a Stock Can Have Short Interest Over 100% -- Here's How We're all learning a lot about the mechanics of selling stocks short. In the table below, we show the 20 stocks in the Russell 3000 that currently have the highest short interest as a percentage of float. 30.23% of GameStop's floating shares are currently sold short. © 2004-2021 GuruFocus.com, LLC. This represents a change of -77.99% in Shares Float. Short interest - the number of shares that have been sold short (sold high to be bought back cheaper later) but have not yet been covered or closed out, is expressed as number of shares, or percentage of the float (tradeable shares of a given instrument). Holy. Its reported short interest as a percentage of float was recently as high as 139.5%. Hedge Funds (HFs) are conducting a known trick to make it seem like short-sellers are covering their positions. I saw news that 140% of the GME float had been sold short. Due to the license agreement change with our data vendor, Short Interest related data is no longer available on GuruFocus website. Make sure to watch my video below to learn how to scan for short squeezes and which stocks may have one in their near future. The gurus may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. And why we cannot trust short interest data. Previously, on April 02, 2019, GameStop Corp. reported Shares Float of $1,500,000,000 USD. It is becoming clearer that short interest data is being inaccurately reported with the hopes of persuading shareholders that there are no shorts to squeeze. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Now on Friday 29th it was a boring day with a volume of 50M, 17.6M of which were shares being sold short, so SI should be at 57.8M + 17.6M = 75.4M. The reason has to do with the nature of the short-sale transaction itself. Since last Sunday, S3 partners are deceivingly reporting that the short interest has dropped 30M by Friday 29th Jan. An extremely conservative calculation for 28th and 29th Jan- considering the most ideal situation for the short-sellers, which doesn’t even take into consideration any volume from retail investors trading between each other, produces these results for the 28th Jan: Shorts added 25M further short positions at an average of $280. Please enter Portfolio Name for new portfolio. vlade February 3, 2021 at 9:13 am – if someone was rolling their short position, it would mean continuous fails. March 27, 2020 - GameStop Corp. (US:GME) has filed a financial statement reporting Shares Float of $330,200,000 USD. In the table below, we show the 20 stocks in the Russell 3000 that currently have the highest short interest as a percentage of float. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. So, for the above example, 30 (short share) / 100 (float share) x 100 = 30% shares are short. GME Float is 46,890,000 . Why would they cover at such huge costs when they know they can wait a few more days to cover for cheaper? Stock quotes provided by InterActive Data. Many on Wall Street believed the company was destined to go bankrupt due to video game sales increasingly moving online, and the overall issues with physical retail compared to e-Commerce. GameStop saw a drop in short interest during the month of February. Since last Sunday, S3 partners are, One way to put these HFs in their place is to, published a memo on the topic back in August 2013, reverse stock split to ensure the legal amount of shares have been issued. 9 "MUST OWN" Growth Stocks For 2021 Using these figures, short interest as a percent of shares outstanding is approximately 102.08%, while the short interest as a percent of float (i.e., shares available for trade) is 260.91%. GAMESTOP CORPORATION ... (>100%) is wrong. SEC knows about this trick, and published a memo on the topic back in August 2013. GME had a short position HIGHER than the outstanding float. According to the latest info I am seeing short float of about 42%. The short percentage of float is therefore a common parameter used in gauging the short interest in a stock. Which is what happened with GameStop (GME), with a short float of over a hundred percent for multiple days this stock started off at about $20 a share on January 13 th. Short interest as a percentage of float, or “SI % of Float,” is a traditional metric that attempts to measure short interest relative to the liquidity of a company’s tradable shares. Evidence that GME shorts are not covering. The shorts of GME deserved what they got. Percent Price Oscillator (PPO) Bears Power; Know Sure Thing (KST ... GME - a good time to buy calls - short float still >100%. High Short Interest Stocks. Short Percentage of Float is the percentage of shares shorted compared to the float. Long. Obligatory: This is not financial advice and I am long on GME. GME - price closed <49 - continuation down - support zone 35-43. Percent of Float Total short positions relative to the number of shares available to trade. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. If Citadel told Robinhood to stop, officially or not, Robinhood would make a killing in a lawsuit. It’s basically a loophole where both short and long positions are drawn out of thin air, allowing HFs to maintain short positions that legally weren’t supposed to have (140% of float), and in fact the shares never get properly located, which trigger alarms and Failure to Deliver Shares (FTDs) that continue to be pushed forward for consecutive days, now at about 40 straight days. You can manage your stock email alerts here. Now everyone is waiting for the next SI report on the 9th February, but I seriously ask you this question: Who is to say that these numbers will not be inaccurate for the exact same reasons that data analysts are reporting? Investors are also buoyed by the number of investors in a company, with GameStop Corp. having a total of 286 institutions that hold shares in the company. Is GameStop's short interest increasing or decreasing? *Change in the percentage of the float that was borrowed for short bets compared to the prior period. Warning! Only PremiumPlus Member can access this feature. short volume shows 78% on some sources, only 21 million shares, down 65% from 35 million shares (you state 93 million shares). This indicates that there are significantly more shares in short interest (i.e., out on loan) than there are available for trade. They would get noticed, it’s suspicious. The short percentage of float is defined as the percentage of a company’s stock that has been shorted by institutional traders, compared to the number of shares of a company’s stock that is available for public trading. Disclaimers: GuruFocus.com is not operated by a broker, a dealer, or a registered investment adviser. Float is the number of shares that are available to trade. * The bar in red indicates where GameStop's Short Percentage of Float falls into. GameStop had a 122% short float when I checked it yesterday. Just a day later we saw the short squeeze start which ramped up on January 22 nd . Short Percentage of Float is the percentage of shares shorted compared to the float. Start your free 7-Day Trial. This fee is shown as an annual percentage rate (APR). GME has been removed from your Stock Email Alerts list. Go back and read these numbers again. THat’s 140 shares, with short interest of 40 shares. In general, short interest as a percentage of float below 10% indicates strong positive sentiment, above that it could be the market is pessimistic; anything higher than 20% is a red flag. Related Ideas. View Percent of Float Short for GME Access over 100 stock metrics like Beta, EV/EBITDA, PE10, Free Cash Flow Yield, KZ Index and Cash Conversion Cycle. For SI to have decreased to around 27M as reported by S3 on Sunday, it would have required the covering of 48.4M. Past performance is a poor indicator of future performance. All short interest data is as of December 31 and was sourced from Yahoo Finance. So different sources all reporting different % of float vs different quantities. For example, until December 2020, GameStop $GME had … Float: 45.16M % Held by Insiders 1: 27.33% % Held by Institutions 1: 122.04%: Shares Short (Feb 11, 2021) 4: 16.47M: Short Ratio (Feb 11, 2021) 4: 0.23: Short % of Float (Feb 11, 2021) 4: 60.35% It should not be possible for more than 100% to be shorted, and because brokers can lend only shares held in margin accounts, the percentage of shares available to short should be much lower than 100%. As always, leave your thoughts in the comments section below and don’t forget to subscribe to my YouTube channel to stay up to date with all things options trading. Lenders are funds or individuals that own the security that have indicated to the broker that they are willing to lend it out. back cheaper later) but have not yet been covered or closed out, is expressed as number of shares, or percentage of the. With 70 million shares outstanding, another 70 million shares are short. One way to put these HFs in their place is to call an emergency shareholder vote, where every borrowed share needs to be called back to their owners thereby eliminating all synthetic shares. So, the SHORT PERCENTAGE OF FLOAT IS 117%. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. Additional key data such as the float, number of outstanding shares, and company industry is displayed. It’s basically a loophole where both short and long positions are drawn out of thin air, allowing HFs to maintain short positions that legally weren’t supposed to have (140% of float), and in fact the shares never get properly located, which trigger alarms and Failure to Deliver Shares (FTDs) that continue to be pushed forward for consecutive days, now at about 40 straight days. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. All this sounds good. Here are the nine U.S. stocks with the highest short percent of float, according to S3 Partners (minimum $50 million in short interest): RealReal Inc (NASDAQ: REAL ), 95.5% of float. Insiders own 27.33% of the company shares, while shares held by institutions stand at 122.04% with a share float percentage of 167.96%. Start your free 7-Day Trial. If they did cover, the price would have surged drastically with buy orders and not plummeted as it did through Thu and Fri. This table shows the interest rate that must be paid by a short seller of US:GME to the lender of that security. Due to the license agreement change with our data vendor, Short Interest related … I know that would never happen. And with help from their buddies/RH/TD trying to mitigate us. Float: Outstd: Industry: GME: GameStop Corp. NYSE: 41.22%: 50.49M: 69.75M: Retail (Technology) SKT: Tanger Factory Outlet Centers: NYSE: 39.98%: 90.10M: 93.57M: Real Estate Operations: ASO: Academy Sports & Outdoors Inc: Nasdaq: 37.18%: 32.56M: 89.91M: Retailers - Apparel & Accessories: RKT: Rocket Companies Inc: NYSE: 35.73%: 106.45M: 100.37M: Consumer Lending: … When looking at a stock such as Gamestop Corp (GME) the SI % of Float is 133.75% while the S3 SI % of Float is 57.22%. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. Due to complex stock market mechanisms and less SEC regulation, this short float percentage could become more than 100%. A few members of WallStBets realized that GME had an enormous short float of 140% (on average, any short float percentage over 20% is considered a large short float… Ticker: GME Percent of float short: 261% YTD rally: 1,917%. They write call options (another short position in the form of a bet/insurance) and sell them to Market Makers (MMs), while buying “synthetic shares” against these options as long positions. What are your thoughts on the short ladder strat post squeeze? Sorry. View Percent of Float Short for GME Access over 100 stock metrics like Beta, EV/EBITDA, PE10, Free Cash Flow Yield, KZ Index and Cash Conversion Cycle. Here we’ll break down how to understand S3’s calculations of float as it pertains to GME’s stock. Upgrade your FINVIZ experience. Float Percentage Of Total Shares Outstanding, Accounts Payable & Accrued Expense for Financial Companies, Accumulated other comprehensive income (loss), Cash, Cash Equivalents, Marketable Securities, Long-Term Debt & Capital Lease Obligation, Other Liabilities for Insurance Companies, Short-Term Debt & Capital Lease Obligation, Cash From Discontinued Investing Activities, Cash from Discontinued Operating Activities, Cash Payments for Deposits by Banks and Customers, Cash Receipts from Deposits by Banks and Customers, Cash Receipts from Securities Related Activities, Other Cash Payments from Operating Activities, Other Cash Receipts from Operating Activities, Payments to Suppliers for Goods and Services, Earn affiliate commissions by embedding GuruFocus Charts. The short interest float can either be represented in numbers or percentages. This calculation assumes that 0 volume of trades was executed by retail investors – virtually impossible given the hype at the time. While covering 10.4M positions at huge cost. GME’s short interest is more than 100%. Markets Insider. As a result, DTCC increased its margin on these stock from 1%-3% to 100%. It should come as no surprise that GameStop (GME) still tops that list with 122.97% of float short as of the most recent data for mid-month. "They're really gonna try and beat reddit and cover their shorts. Synthetic shares are not a part of the original share float of the stock, and thereby the short-seller appears to have bought shares but they actually haven’t, as they cancel out against the short call positions they wrote and sold. However, even without a naked short sale, it's theoretically possible for short interest to exceed 100%.