QUOTE(red streak @ Feb 4 2021, 12:38 AM)
That's not even remotely true. More than half of the short positions have already cleared out. You're assuming they're still invested and that the old short % is anywhere near accurate, protip: it's not.
That data was already weeks out of date when it was released. You're basing your faulty assumption on weeks old data. Right now nobody knows what the exact percentage is at but the current data by S3 Partners shows that the short positions have reduced to slightly more than 50%, a massive drop from the 140% at its ATH.
They wouldn't be able to reduce that if there were no shares available. The fact is there are plenty of shares going around for them to clear their positions, especially now that the smarter people are taking profits and passing the risk around to the latecomers who are all #holdmeimscared and diamond-handing their double digit losses since they have no chance of getting out intact.
The shorts have already gotten out. No squeeze is happening. The long HFs are finally cashing out which led to the massive drop as they unload billions worth of shares. I'm afraid anyone who is still in at this point is a chump holding the bag while others laugh their way to the bank.

yes most of us, if not all of us knew its not old short % lol.
the more than half position is just a narrative that hedge wants everyone to believe. even if its fraudulent and/or market manipulative, the fines that SEC (will not, lol) slap is peanuts compared to the money they stand to lose from a squeeze.
you are however, correct that no one know exactly who owns what shorts.
here's the thing though, they shouldn't be able to short more shares than what is available.
they did.
so what's so surprising about them able to reduce it from imaginary shares? lol. (or their own shares circulating/being circle jerked around in their non stop short ladder attacks (which NYSE supposedly put on hold already)
is ok, we'll be the chumps
https://www.reddit.com/r/wallstreetbets/com...mbers_dont_lie/QUOTE
TLDR: HEDGE CHANGE MATH MAKE NUMBER GO DOWN, NUMBER GOOD FOR APE. APE HOLD = APE GO ON ROCKET