​
https://preview.redd.it/xya25adl12k61.png?width=2801&format=png&auto=webp&s=cd38d15d50baf3f67144c20916bbffc469632009
Hello again my fellow apes🦍!
BOILERPLATE: I still know nothing, I can't do math good. PLEASE don't listen to me! Obligatory 🚀
WARNING: BY THE END OF THIS POST YOU MAY EXPERIENCE SYMPTOMS SUCH AS EUPHORIA OR PREMATURE 🚀 SYNDROME. THESE ARE SIDE EFFECTS OF 'CONFIRMATION BIAS'. TALK TO YOUR DOCTOR TO LEARN MORE.
Yesterday I put together this analysis and everyone really liked it, so I have updated to include today’s data and some new data sources (availability and fees for shorts). Enjoy this light weekend reading 😉
\------------
Part 1: FINRA
I put together the FINRA daily short data for the last week and you can see an increase in short volume over the last 6 days! http://regsho.FINRA.org/regsho-Index.html (@CultureCrypto sent me this link that had the data in a much more friendly fashion https://www.FINRA.org/FINRA-data/short-sale-volume-daily)
(Note: if you want to find this raw data, use the link above and you will need to go into each day's file (updated at 6pm daily) and search for GME, then copy the raw numbers. the top of the document will show you what each number corresponds to - this is not a user-friendly document)
There was an additional 22 million in short volume today, on top of the 33m yesterday and 12m Wednesday. While this is a decrease in absolute shorts from yesterday, volume also decreased proportionally so it is still identical short volume to total volume ratio.
The short volume as % of total daily volume, as published by FINRA, is at 57% which is the same levels that we saw on Jan 27-29 when there was a concerted effort to bring down the share price.
CAVEATS:
- This data does not include NYSE, which is why total volume for today is 38M but actual total vol is 90 million. Thanks to u/tri_fire_engineer for bringing this up. He has posted the full data for yesterday down in the comments and it actually showed that once NYSE data was included, Short Volume % went up from 56.8% to 57.6%. I think this shows that while the FINRA data is just a sample, its large enough to be considered representative of the full market
- daily data does NOT equate to % of total shares that are shorted, as the same share could be shorted multiple time and there are other thing that lenders do which could be considered 'shorting' but is not what we would usually define. The best data is the monthly FINRA data but that only comes out once a month and that doesn't sound very fun.
Here are my data tables, again all taken from the FINRA daily data.
Assumptions used:
GME Float Stock: 54,490,000 (this is more pessimistic than some reports of only 45M)
GME Total Shares: 69,750,000
https://preview.redd.it/2lpie1wm12k61.png?width=807&format=png&auto=webp&s=450f545a8b2e00b3876d9efc406fba5032fa8a74
https://preview.redd.it/3jkeam6o12k61.png?width=807&format=png&auto=webp&s=a31ac92005edf92bc4ff3180840c376322d3f571
The FINRA site also now lists GME short % of float at 60.35% ( http://finra-markets.morningstar.com/MarketData/EquityOptions/detail.jsp?query=14%3A0P000002CH&sdkVersion=2.58.0 ) Thanks to u/wrek for sending this!
https://preview.redd.it/jvvu6wat12k61.png?width=449&format=png&auto=webp&s=75eb1ee3899e6bead49611fd2fb68ad380ba4030
\----------
Part 2: Borrowing Shares
Two other things to note are the decrease in available shorted shares and the increase in fees associated with shorting GME.
The data available through