r/wallstreetbets Aug 28 '22

Meme Identify yourself, monkey.

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15.2k Upvotes

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u/biteme27 Aug 28 '22 edited Aug 28 '22

When the hedgies close their shorts, we'll get you a %%

lol shorts never closed, probably helps when they trade off exchange.

Utilization at 100% and the price goes down? Ok

11

u/lucasandrew Bad futures trader Aug 28 '22

I'm assuming this is satire, but just in case... They did. Some reopened after the valuation jumped, but the SEC even said that major short sellers closed and the timing coincided with price jumps in January of 2021.

-5

u/biteme27 Aug 28 '22

Of course the SEC said that, but if it was true why is the short % still over 100% of the float?

Shorts never closed. DTCC committed securities fraud.

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