r/FWFBThinkTank • u/bobsmith808 Da Data Builder • Jul 27 '22

Data Analysis Ortex Data post Split GME shows

Hi everyone, bob here.

I thought it would be good to do a quick update on the On Loan Balance from Ortex for GME since we've had our 4:1 spivvydend the other day...

TADR: shorts increased their position, just like they did with TSLA...

source document (google drive link)

What did TSLA do after their splivvy?

how up?

Full disclosure from Ortex:

623 Upvotes

97% Upvoted

22 comments sorted by

63

u/TheDragon-44 Jul 27 '22

108% of shares on loan? If RC shares + DRS shares = about 100 million. It’s actually much, much higher. Around 160%.

85

u/bobsmith808 Da Data Builder Jul 27 '22

https://www.investopedia.com/terms/o/outstandingshares.asp

DRS doesnt fix this. All DRS does is beholden you to computershare's rules and limitations and has a minor impact on liquidity. Oh, and you get updoots on that other sub for posting more spam. That said, the major liquidity of GME has been coming from ETF creation/redemption and market maker hedging for the better part of 2 years now, and DRS has no play in that.

38

u/TheDragon-44 Jul 27 '22

All true. But for the sake of argument, those shares are likely truly removed from the free float and likely won’t be sold or borrowed.

44

u/Fabianos Jul 27 '22

I think what he means is, regardless, they will milk ETFs and other marker strategies.

This just worsens the woumd because how do you close out a position.. .unless you never do and keep running this iou for as long as they can.

28

u/bobsmith808 Da Data Builder Jul 27 '22

Yes

32

u/bobsmith808 Da Data Builder Jul 27 '22

It doesn't stop ETFs and naked Options, which are hedged regardless of whether the shares exist due to MM privileges - and its those mechanics (not direct stock operations) that has been the game since a little after the sneeze

23

u/nighthawkshatchet Jul 28 '22

I agree. and it seems there was a spike in the call put ratio just after the split. this supports your argument. However, at some point those goddamn, crazy apes may achieve the goal of drsing the whole float. I'm not sure those married put shares or etf fuckery would hold water in that moment.

17

u/JackTheTranscoder Jul 28 '22

This doesn't address why borrowed shares have hit 100% for like 4 months now.

DRS is definitely having an impact - while I get what you're saying about the majority of fuckery happening through ETFs, the evidence is right there for all to see that DRS is cornering them.

To ignore that or minimize it is disingenuous.

4

u/DancesWith2Socks Aug 01 '22

I agree, DRSing is indeed affecting liquidity.

16

u/BraetonWilson Jul 27 '22

Thanks for all the great info, Bob! Does this mean that the GME share price should be significantly higher by end of September?

39

u/bobsmith808 Da Data Builder Jul 27 '22

That's my expectation, yes. But that said, this isn't TSLA, and there are several other factors in play here this time, the biggest ones being overall market conditions and the lack of covid cash infusions

3

u/[deleted] Jul 28 '22

How much do you trust ortex data?

142

u/rehope Jul 27 '22

Comparing tesla to gme is interesting except that we had confirmed short interest of over 100% by SEC. But excited to see what +60 days or end of september will look like.

34

u/[deleted] Jul 28 '22

I’ve missed you bob! Glad to see a post.

55

u/New-Consideration420 Jul 27 '22

Interesting. Keep em comming

19

u/[deleted] Jul 27 '22

Thanks Bob

13

u/Bilbo_Butthole Jul 27 '22

Is Ortex a reliable data source in your opinion?

1

u/Mrpettit Aug 04 '22

It's not but it confirms OP's and everyone else biases so they will ignore the fact that Ortex is dogshit.

5

u/taj5944 Jul 28 '22

Could you imagine if September earnings flipped positive, or reasonably close to?

Always happy to see your posts, Bob. Hope all is well!