Thursday - January 26, 2023

Today's newsletter will take 2.27 minutes to read.

DRS UPDATE: 51.10*% (estimated percent of GME shares direct registered)

*source: Computershared.net

On tap this morning:

• Wednesday recap

• GameStop NFT update

• Did you know?

• How Much Short Interest Does BBBY Have?

• Ryan Says

Good Morning! This is Mother Squeezer, the newsletter that brings you one day closer to a potential M&A and brings you updates and insights along with timely information about our favorite Activist Investor, Ryan Cohen, and our favorite stocks - GME and BBBY.

Yesterday was relatively quiet. We did hear from Ryan in another cryptic tweet. We're not sure exactly what he was telling us, but it sure sounds exciting!

Wednesday Recap: BBBY traded between a low of $3.15 and a high of $3.49 before closing at $3.24. Trading volume was 22.06 million shares.

Cost to borrow: There were 0 shares available to borrow this morning and as of now, 0 remain. The cost to borrow has skyrocketed up to over 500% at some brokerages. 

Pre market: Bed Bath and Beyond is trading up $0.10 to $3.34 an increase of 3.09% on over 900 thousand volume.

Max pain: The current max pain for BBBY has remained at $3.50.

Wednesday Recap: GME traded between a low of $19.53 and a high of $20.84 before closing at $20.23. Trading volume was 3.51 million shares.

Cost to borrow: There were 1,100,000 shares available earlier this morning. Currently there are 300 remaining. The cost to borrow has remained around 20%.

Pre market: GameStop is trading up $0.44 to $20.67 an increase of 2.18% on 15 thousand volume.

Max pain: The current max pain for GME has remained at $20.50.

GameStopNFT tweeted:

It's been kinda quiet in the NFT space as of late, but creators keep creating.

Did you know?

There was actually a third founder of Apple--Ronald Wayne, who even designed Apple's first logo. Wayne sold his 10 percent stake just two weeks after partnering with Jobs and Wozniak for only $800.

How Much Short Interest Does BBBY Have?

That's the billion dollar question. According to the latest FINRA data from January 13, 2023, 80.62% of BBBY's float has been shorted.

We know by looking at daily short interest reports that number has actually climbed. Applying these daily calculations through January 25, 2023, that number has risen to 82.32%.

And remember, these figures are SELF REPORTED. What does that mean? It means the true amount of short interest is most likely substantially higher.

Couple that with incredibly high interest to borrow shares (upwards of 515% from some brokers) and the probability that the long term bonds were paid off (yesterday we saw a 400% increase in value suggesting "someone" paid them off), we may be in store for an epic reversal on the horizon.

Ryan Says

Ryan tweeted this yesterday:

Is this a Steve Jobs reference? Is Ryan coming back?

Spread the Word

We love Ryan Cohen and think he's the greatest Activist Investor of our generation. We are passionate followers of his moves and words and would love for others to know more about this great leader. We feel strongly that life is all about learning who to follow. If you have someone that needs more RC in their life, share Mother Squeezer with them!

Some of our Favorite Resources

Start Here

BBBY: Ben - Mr. Business

GME: Richard Newton

Computershared.net

For errors, omissions or if you have something to share? Let us know!

Financial Disclaimer: None of this is meant to be financial advice. We love Ryan Cohen, RC Ventures, GameStop and Bed Bath and Beyond, and like learning and sharing these insights and commentary.