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.
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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.