Apparently, American Airlines is now on board. They were discussing on finance program this a.m. how in an effort to cover their losses, these shorts will be forced to sell other liquid positions, that will effect the entire market potentially. They mentioned how this would make for a good movie or book in the future.
"About 44 circuit breaker halts were triggered in the first two hours of trading on Wednesday as volatility reigned"
"Prior to the stock rally, the short-interest ratio on GameStop hit 260% at the end of last year. With a short-interest ratio well over 100%, many of the shorts were “naked,” meaning that they sold stock that they were not able to borrow, an especially precarious position."
https://www.morningstar.com/articles/101...rt-squeeze
"About 44 circuit breaker halts were triggered in the first two hours of trading on Wednesday as volatility reigned"
"Prior to the stock rally, the short-interest ratio on GameStop hit 260% at the end of last year. With a short-interest ratio well over 100%, many of the shorts were “naked,” meaning that they sold stock that they were not able to borrow, an especially precarious position."
https://www.morningstar.com/articles/101...rt-squeeze