Quote (Thor123422 @ Mar 10 2021 08:40am)
The original 300 price dropped because brokers stopped people's ability to buy it. Then big funds started shorting it from $300 which drove the price way down.
Then when trading got lifted it started going up from $40. Big institutions were shorting at $40.
Then last week there were no longer shares to short since institutions, again, over-shorted
Basically, institutions depressed the price by shorting, ran out of shortable shares, and the price went back up. They aren't learning from their mistakes :rofl:
We're nowhere near where we were before when it was over 100% shorted, but last I checked it was like 60% which is still very significant.
Trading restrictions have largely been removed for a couple weeks now, during the fall from 200s 100s to 40s
And lot of stocks have 60% short interest. Ur arguing 40 to now is short covering? Maybe