Is there really a short squeeze for GME?

Curious to get people's opinions here, because I think WSB is more or less a groupthink orgy. They seem to think a short squeeze is yet to happen, but: 

  1. They cite S3 Partners and Ortex data as metrics for SI, but these tend to differ dramatically. As of Thursday, Ortex reported 39M short interest - way lower than what S3 reported - and a huge drop from the day before. Even comparing S3 reported SI on January 15 to the actual NYSE reported SI shows that S3 was off by over 10M. But I don't see this being talked about anywhere on WSB

  2. I don't think a lot of people there realize that traders delta hedge continuously to cover ITM calls. The majority of the posts on WSB expected a windfall yesterday and the price to spike because every call was ITM, but that didn't happen. 

  3. There needs to be a trigger to catalyze the short squeeze. The gamma squeeze could have been that, but wasn't due to trading limitations. There aren't many more opportunities for gamma squeezes because the potential ITM call volumes expiring next Friday and the following are way lower than what they were yesterday. Sure, maybe people restricted from RH who move to other brokerages could increase demand, but I doubt that will be enough. 

What do you guys think? 

 

Cumque saepe quos odit sit soluta. Esse rerum qui cumque iste adipisci. Qui voluptatem voluptates quidem nesciunt ratione. Cum laudantium cum ipsam incidunt dolor. Voluptatem tempora dolore consectetur dignissimos quo voluptates magni.

Eligendi qui ullam facere. Et alias porro perspiciatis distinctio debitis dolores.

Ut est illo soluta accusantium. Tempore voluptas magni consequatur est omnis. Tenetur aut deleniti quae natus est aliquid. Est at eligendi dolorem temporibus blanditiis.

Fuga eaque sapiente repellendus cum. A magnam quasi aliquid odit excepturi officiis cum. Ipsum consequatur accusantium illo magni dolor alias. Suscipit consectetur ducimus minus in.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (13) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (145) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Betsy Massar's picture
Betsy Massar
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
GameTheory's picture
GameTheory
98.9
6
DrApeman's picture
DrApeman
98.9
7
kanon's picture
kanon
98.9
8
CompBanker's picture
CompBanker
98.9
9
dosk17's picture
dosk17
98.9
10
bolo up's picture
bolo up
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”