GameStop Short Sellers Flee As Short Interest Drops By $880 Million In 2 Weeks
Ramish Zafar, 30 June 2021
Reddit forum discussions and coordinated trades have been rooted in the community’s disdain for so-called “toxic market participants”. These toxic players tend to be hedge funds and a few others on Wall Street who make sizable bearish bets against certain stocks through naked shorting.
This practice, considered illegal after the subprime crisis in 2008, consists of borrowing shares to sell short, but without these shares existing. This is only possible in the very short term and due to technical loopholes in trading, as transactions take days to clear the system. Continue reading “Article: GameStop Short Sellers Flee As Short Interest Drops By $880 Million In 2 Weeks”
