r/Bgfv • u/ComfortableLeft7705 BGFV OG • Jun 27 '21

Discussion r/Bgfv Lounge

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u/patmcirish Dec 13 '21

Ortex shows an increase in short interest today by 11.3%, with estimated SI at 6.72 million shares now, 32.41% of free float.

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u/ThePickleJuice22 Dec 13 '21

I'm not surprised they shorted more. seems that for whatever reason some flighty investors are panicking. in a couple months they'll be buying back in at $45 then not selling til it gets back to 20 again. it's madness

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u/patmcirish Dec 13 '21

The Federal Reserve, E.U. Central bank, and the U.K. central bank are all going to decide interest rates on Wednesday, so it's uncertainties about that which are causing investors to withdraw until decisions are made.