/biz/ - Business & Finance

GME shorts lost a combined 41 million today with just a move of under 5% on the day. With 902 million worth of shares short total, a borrow of fee about 35%, shorts pay almost $900,000 per DAY just to maintain their short position and that is just assuming the price stays completely flat. Last week they were paying about $700,000 a day in comparison. THERE ARE MORE SHARES SOLD SHORT THEN THE ENTIRE CURRENT MARKET CAP OF THE WHOLE COMPANY.

GME shorts lost a combined 41 million today. With 902 million worth of shares short, a borrow of fee about 35%, shorts pay almost $900,000 per DAY just to maintain their short position and that is just assuming the price stays completely flat. Last week they were paying about $700,000 a day in comparison.