Farmer @ Johnsongrass, TX said:
Bnels1323 said:
Farmer @ Johnsongrass, TX said:
Bob Knights Liver said:
Triple_Bagger said:
SAVA +25% today
28.4%
Doin' the dance over here!
About 30 minutes remaining in the session. There was a 3.7 million share buy order. Trading was halted. Nobody selling is the word. Trading resumed. Nobody has an answer to the 3.7 million order. Could be a Meme tomorrow, who knows. Lots of volume today 7.22 million versus a 65 Day Moving average of 2.54 million. Somebody knows something. AH is down a few cents. Reports are, there are no shares available to short.
Could you explain how there are no shares available to short?
Triple_Bagger is likely better to provide the explanation. I didn't look up the textbook definition so treat the info as "subject". Market Makers loan shares to offset the short on someone else's books. Those shares are "loaned" for money and expected to be returned upon Market Maker's call. I guess trading houses don't have access to cover internal shorts anymore from Market Makers providing shares and word is getting out. Looks like the short is +30%. That's pretty sizable in my opinion. So, a short squeeze and a favorable decision from the SEC are the bullish points driving the stock - all happening within 24 hours.
Farmer laid it out accurately. There's a limited number of shares outstanding for any stock. In order to sell a stock short, you must borrow shares from someone and sell them to someone else. These shares are usually borrowed from market makers, but individuals can loan their shares to be shorted as well (typically the MM borrows them at one interest rate and loans them out to short sellers at a higher interest rate).
When there's no shares available to short, that means the market makers have loaned out all of their shares and there aren't any individuals willing to loan their shares out.