140% open short interest has to be naked shorting
With the open short interest over 100%, it has to be naked shorting and it has to be hedge funds and/or firms doing it. It can't be retail shorting it over 100%. When retail, like you and I, go to short a stock, we can't do it unless there is somewhere to borrow the shares from. By definition, with the open short interest over 100% there should be no where that there would be shares available to borrow to do the short trade with; so any shorting going on currently has to be a naked short.
Anyone short the stock should simply close out the trade and see about re establishing the trade later when the stock is not so messed up.
Louis J. Desy Jr.
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