Tuesday - February 28, 2023

Today's newsletter will take 2.57 minutes to read.

DRS UPDATE: 59.84*% (estimated percent of GME shares direct registered)

*source: Computershared.net

On tap this morning:

• Monday recap

• GameStop NFT update

• Did you know?

• They Just Keep Shorting

Good Morning! This is Mother Squeezer, the newsletter that is ready for things to change and brings you updates and insights along with timely information about our favorite Activist Investor, Ryan Cohen, and our favorite stocks - GME and BBBY.

How much longer will this short attack last? No one knows, but we think we're going to need a catalyst to turn things around.

Monday Recap: BBBY traded between a low of $1.42 and a high of $1.61 before closing at $1.48. Trading volume was 61.43 million shares.

Cost to borrow: There were 200,000 shares available to borrow this morning and as of now, 200 remain. The cost to borrow has remained at 101.9%.

Pre market: Bed Bath and Beyond is trading down $0.03 to $1.45 a decrease of 2.03% on over 1.8 million volume.

Max pain: The current max pain for BBBY has dropped to $1.50.

Monday Recap: GME traded between a low of $18.89 and a high of $19.70 before closing at $19.10. Trading volume was 4.01 million shares.

Cost to borrow: There were 650,000 shares available earlier this morning. Currently there are 95,000 remaining. The cost to borrow has remained steady at 11.8%.

Pre market: GameStop is trading unchanged at $19.10 on around 45 thousand volume.

Max pain: The current max pain for GME has remained at $20.00.

GameStopNFT tweeted:

This is true talent folks!

Did you know?

Short interest indicates how many shares of a company are currently sold short and not yet covered. It is often expressed as a number but is more telling as a percentage.

An increase in short interest often signals that investors have become more bearish, while a decrease in short interest shows that they have become more bullish. Short interest can be used as an indicator of market sentiment for a company’s stock or the market as a whole, and some investors use this as an indication that it might be profitable to short that company’s stock.

They Just Keep Shorting

Yesterday was the FINRA publication deadline and today is the settlement date. Let's see if that turns things around.

New data came out yesterday showing just how much shorting has been going on (allegedly, these are self reported figures which we can only imagine means they're much higher).

Morningstar is showing the free float shorted at 99.85%. That's less than 1% from exceeding the entire float!

Nasdaqtrader.com is showing the short interest has climbed almost 20% since the previous report.

As a reminder, shorting a stock is a future promise to buy. All of these shares sold short will one day need to be purchased from the market. That will create a tremendous amount of buying pressure.

One of these days this thing is going to blast off.

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: ThePPShow

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.