2 short sellers admit defeat, bail out at huge loss as GameStop share surge hits 1000%
“If the short-ratio is high, people will walk away from buying a stock – further impacting the value of the share price. However, if the share price continues its increase, it may force short sellers to close their positions, which will drive the share price even higher.
This army of ‘reddit’ investors saw an opportunity to drive the share price up by encouraging one another to acquire shares thanks to the power of social media. Theses powers are typically only available to investors who have the best resources, real time analysis and of course millions / billions to invest.
It sure was a David vs Goliath battle. Everyone loves an underdog story just look at Rocky.”