Just to clarify my original statement, I did not mean to imply that after the 4th quarter results come in, that another squeeze will immediately happen.
I've always thought that this would take some time (i.e. DRSing the float). I don't think it necessarily has to reach 100% (although that would fantastic) I do think the higher the number climbs, the harder it will be for investors and regulators to ignore.
DRSing shares will reveal irrefutable, easy-to-digest proof that there is illegal naked shorting of Gamestop. How that plays out (squeeze, investigation etc) is anybodies guess because this exact situation has never happened previously. (individual retail investors directly registering shares in their name to secure the entire inventory of a company).
>I've always thought that this would take some time (i.e. DRSing the float).
Is there any expectation that the number of DRSed shares will continue to climb, rather than asymptotically approach some arbitrary number? At this point you'd think everyone who wanted to DRS their shares already did it, so for that number to increase you either have to target stragglers (not many of them), or buy more shares (I doubt folks on superstonk have enough free cashflow to pull that off).
>I do think the higher the number climbs, the harder it will be for investors and regulators to ignore.
>DRSing shares will reveal irrefutable, easy-to-digest proof that there is illegal naked shorting of Gamestop.
Like, illegal naked shorting that's happening right now? I saw in other comments that the short interest is 20% or 14%. It's pretty obvious that you don't need to do naked short selling to get that kind of short interest. Not to mention, > 100% short interest isn't indicative of naked short selling either, because the same share can be lent over and over again.
March 22nd is when Gamestop 4th quarter results are released. They should also release the number of DRS'd shares.
But to be completely Honest: I will be able to answer your question with more certainty in about 12 months.
That will give us 5 data points. That should be enough to get an approximate number of shares being DRS'd every 3 months.
Through all of the due diligence and personal research, I do believe Illegal naked shorting is taking place. I'm not here to convince anyone to buy GME, but the DRS number seems simple enough for the general public (short attention span--I include myself in that) to wrap their heads around. DRS is the elevator speech, so to speak, for me.
If someone were inclined to listen to me, I can do a quick 2 minute, back of the napkin calculation that may spark interest, using DRS.
>“Some commentators have asked how short interest can get as high as it did in GameStop. Short interest can exceed 100%—as it did with GME—when the same shares are lent multiple times by successive purchasers. If someone purchases a stock from a short seller and subsequently lends the stock out again, it will appear as if the stock was sold short twice for the purpose of the short interest calculation.”
I've always thought that this would take some time (i.e. DRSing the float). I don't think it necessarily has to reach 100% (although that would fantastic) I do think the higher the number climbs, the harder it will be for investors and regulators to ignore.
DRSing shares will reveal irrefutable, easy-to-digest proof that there is illegal naked shorting of Gamestop. How that plays out (squeeze, investigation etc) is anybodies guess because this exact situation has never happened previously. (individual retail investors directly registering shares in their name to secure the entire inventory of a company).