i tot Melvin already closed position? still got fight ka?

That fund strategy is very profitable, higher than industry standards.
Manatau got whacked by Reddit degenerates with unemployment paychecks

i dont understand why cant the hedge fund just buy from retailers?

Not sure about the interest rate but I read somewhere Melvin cap was paying 23.6% interest or something like that. At one point they were up over 80% just on interest alone. That's why it's really fishy when they claimed covered position at 100% loss.

Honestly, idc if it goes to 0. That's the worse that it could go. But these fucks are getting literally infinite. I'm just buying in to sit on it.

I get that interest is being paid, and ideally that shares brokered on a short position would need to be paid according to current share price
I'm looking at it ominously / bodoh view, such that eventhough publicly they declare that they are in deep shit, but whos to say that they didnt beg/cut a deal with their broker to hold off on closing the position first, but play dead to the public hoping that they run out of steam to the share price at least normalizes a bit.

Imagine seeing the biggest people in GME, Fidelity AUM =3.3 TRILLION! + Vanguard AUM = 6.7 Trillion + Blackrock AUM = 8.76 Trillion.

And you see them in the biggest shareholder position.

Even CEO George Sherman = 3.39% only Cant do much but the he`s the CEO who will do the captain calls