What is a short squeeze, and how Wall Street Bets and everyday investors have been able to drive the price of the stock up over 3,000% in a year? GME is up more than 1,700% in 2021.
How are there more shares short than there are shares in the float? Technically, the broker that lends the hedge fund shares to short, can loan those same shares to other funds/investors as well. Therefore, we end up with a short interest larger than what’s available for purchase. Hence the HUGE spike in GME Stock.
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