I think what they meant by the 140% that the outstanding short volume was 40% bigger than the existing number of shares. Not the daily volume. That is also physically impossible, unless they used some kind of leverage.
I am talking about the shares out. That's just how the mechanism works, just like money supply multiplier.
What the hell you are talking about. Just open a spreadsheet and fake a few short trades and see how the short shares vs total shares out. Interests only reverse when shorts cover from real long holders.
OK, I think I finally got it. Took a while.... Although: "Theoretically, the maximum amount of a company's float that could be shorted is equal to the float itself; although, in reality, it's rare for a stock to have a short interest greater than 50%." https://www.investopedia.com/ask/answers/05/shortexceed50.asp#:~:text=Theoretically, the maximum amount of,short interest greater than 50%. In this list of currently most shorted stocks, only GME is over 100%: https://www.barrons.com/articles/an...e-next-10-most-shorted-small-caps-51611688092
lol, what? why would a firm caught in one of the biggest squeezes ever cover their short? is this a sarcastic response? love the title of this thread. someone teach me how to "sell" out of a short.
Obviously management at Melvin Capital are complete idiots. It's a valid question if operators like that should be allowed to remain in business. Obviously without huge infusions of cash they would be out of business.