Add to that the actual shorted shares could be even much more. The report seems to cover one month back only. Now it does not show data earlier than August 30. Earlier days from my previous calculation were not dropped because covered, there's no trading. So they are still there, just not shown in the report.
A couple of days more and it will seem like there's no short interest at all. So I've added a screenshot and will recalculate everything again trying to estimate the hidden part.
From the shown screenshot: - Total shorted shares in 4 days = 413,197,556 - Average shorted shares/day = 413,197,556 / 4 = 103,299,389 Say 100 million for simplicity.
The actual data could go one, two, three months back, we don't know. Let's say we have only 12 trading days worth of shorted shares (accuracy is not important, this is only indicative).
12 trading days X 100,000,000 shares/day = 1,200,000,000 shares (1.2 billion)
- At last PPS of $0.0046, the value = 0.0046 X 1.2B = $5,520,000. - At $0.01, value = $12,000,000. - At $0.1, value = $120,000,000 (120 million US dollars)
So if shorters will need to cover, they will need to pay between $5 million and $120 million US dollars. And if it happens during a short squeeze that takes the price up temporarily to $0.3, the value becomes $360,000,000 ($360 million US dollars).
The numbers are absolutely crazy but please prove my calculations wrong.
What if in reality there's 20, 30, 40, 50 days of shorted shares, go figure...
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