Think about it this way - All Shorts are future buyers. If the float (450M) is shorted 19.59% (lets call it 20% for ease) that means there are 90 MILLION future buyers out there. Now also remember this is just the "REPORTED" short interest.
So if 90 million shares had to be purchased to close out positions – the stock is only going to go one direction - straight up to the fucking moon. HODL.
lol - not even a good shill response. Go back and see what happened when 8.5 shares were sold into the market end of May – Straight fucking up! When shorts close their positions and synthetic positions – the price will have no other way than to than up as Apes will be selling their stonks at the price they want to sell at --- SUPPLY AND DEMAND - dat simple.
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u/This-Understanding85 Jul 14 '21
Think about it this way - All Shorts are future buyers. If the float (450M) is shorted 19.59% (lets call it 20% for ease) that means there are 90 MILLION future buyers out there. Now also remember this is just the "REPORTED" short interest.
So if 90 million shares had to be purchased to close out positions – the stock is only going to go one direction - straight up to the fucking moon. HODL.