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Sunday, February 21, 2021 1:49:25 PM
Take into consideration the 200-day average of 687,631 also totals 137,526,000. That alone exceeds the float by about 30,000,000 shares.
Then add in the past 9 years of trades and we can see it could be upwards of 500,000,000 sold short for between $.05 and $.20.
If that averages out to $.10 shorted it could cost to close those old open positions $50,000,000.00
Our guess is, those who shorted GNGR between $.001 and $.006 just this past year alone, are struggling to buy them back at $.008 (out of their own pockets) and not resell them so they can close out the shorts.
This could be why we see so many shares trading well above the true DTC float of 108,000,000.
It will be interesting to see what happens in the weeks ahead if short positions become harder and more costly to close.
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