From what I read the big hedge funds were basically creating fake shares on their books that they'd then use to cover their short positions. Gamestop recently announced a stock split which will require a share recall before issuing. So Gamestop is calling the hedge funds bluff that they really have all those shares. If they don't they'll need to buy real shares to cover their short positions.
From what I read the big hedge funds were basically creating fake shares on their books that they'd then use to cover their short positions. Gamestop recently announced a stock split which will require a share recall before issuing. So Gamestop is calling the hedge funds bluff that they really have all those shares. If they don't they'll need to buy real shares to cover their short positions.
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