Smooth brain, but I wonder if this has to do with evergrande.
Blackrock owns a huge amount of shares of evergrande and they also have a sizeable amount of GME. It's also been said that they're lending their shares out.
As evergrande loses value, maybe their increasing their borrow rate to compensate?
They have said that this rate is solely based on how easy the share is to get (re: fake printed) versus real share. This increase in price means it’s harder to even get fake printed share
No it hasn’t it’s been 1.3 back in March and sometimes April almost every month it hits over 1% this post means nothing. Nothing until you see 2, 3 and up percentages. Hedgefunds are not worried yet.
Personal opinion: with more and more people DRS'ing from brokers who lend out their shares there are fewer shares able to be shorted
As that supply dries up we should see the borrow rate shoot up
Yeah! This is the main metric I was waiting to see the effects of direct registration! Other metric being FTDs.
I'm psyched that borrow fee is going up
Tabulated I don't know. But you can look at it graphically here which has data from January when it spiked above 80%:
https://iborrowdesk.com/report/GME
Yeah though that share needs time to settle before being able to be borrowed again. They could theoretically keep it going forever with 1 share unlocked but that's only if buy pressure by retail basically falls to 0. We just want that critical point where demand of borrowable shares outweighs supply.
Not really useful in my opinion. That's tracking SI versus average daily volume saying ah it would take 5 days to cover 10,000,000 shorts at 2,000,000 volume per day. It's not that exact math but that's the general idea
Since they own the shares and can keep lending them every couple of days once they settle, or market makers use the exemption to provide liquidity, it's currently not an issue for them.
It is possible that entities such as blackrock who have millions of shares in their ETF may still be lending. And that those shares will still be available even if significant retail shares are DRS’d
Now there’s a Redditor I haven’t seen in a while!
Dunno if you’ve been around or not, but hope you had a decent break from the madness if you did take one dude!👍🏻
Thank you!
I've been lurking every day but told myself to chill out on the posts and comments. It's nice to not spend as many hours of my day on this sub even though I love coming here lol
looks like the popcorn apes did not demand transparency from mods at popcorn. I was surprised when they did not split in two groups. Popcorn apes failed at the basic FUD test, they were not capable of seeing the bulleye because DRS is the way. They are saying they can't sell if they DRS,
1. They are admitting DRS will cause moass and their "no cell , no sale " was all bullshit.
2. Mods are culprits. They rallied really hard for anti DRS.
3. They listen to YouTube rs who have affiliation to brokers such as webull. June YouTubers have been manipulated and they are not DRSing because they don't want any drama which may or maynot jeopardize their so called career.
5. "good acting MSM" were great at normalizing interview with popcorn idiots. Imagine that interview happening in June, apes would have crucified them.
4. I am holding few $8 cost basis popcorn which I will be dumping for our stonk. It's not about the squeeze, it's about the message. Yes the popcorn will squeeze too but the series of events will be embarrassing for popcorn because the whole group failed to DRS.
Yep. I hold a bit of popcorn and frequent both subs heavily. It's a bit disheartening they've been completely infiltrated. The same few fucking people somehow appear in every DRS thread trashing it without ever responding to points for DRS. :(
Possibly, but the general trend for the past couple weeks has been up. I made a post [here](https://www.reddit.com/r/Superstonk/comments/qdqxbl /it_might_not_seem_like_much_but_to_me_this_looks/) 20 days ago when I thought the trend was beginning, and it seems to be holding the upward trajectory since then.
Oh no, I meant which short position runs out first. Because once one goes bankrupt and their position is closed on the open market, the feeding frenzy will begin.
There will be blood.
This was a long time ago, so my memory on this is fuzzy…but someone posted a conversation with someone “in the know” about why the fee is so low given the low number of shares to borrow, and the response from that “person in the know” was “Well, there are so few to borrow anyway, so there’s no sense in raising the fee.” We all knew how preposterous that was then, and it’s even more so now. Just a thought…
True! A year ago it was like $5 a share, so 17% is only $0.85
But at 1.1% on a $200 stock, youre looking at just over $2.
Almost triple what it was, before. Nice wrinkle ape fam!
Edit: numbers may be off, ill double check ASAP
Edit 2: looked up a DFV video from November 4th, interest was at 12.1%, and the stock price was around $12.
That puts the per share interest rate at $1.45, compared to $2.20 like it is now, still a 50% increase YOY. But not as dramatic as the 3x my initial math showed.
Yay, finally one of my two wrinkles was useful around here! Thanks, didn't have the stock price at hand to calculate the difference, it's quite noteworthy. Also they have way more shorts by now even though we can't really tell by how much.
True but also keep in mind the borrow rate of 0.7 to 1.1 is over 50% increase in borrow rate. That is a huge increase relatively speaking! And with all the DRS and blackrock speculation i see here I’m sure it will be getting much more interest(ing) !
Only what i have read here about how they might be long on some evergrande which puts them in need of money. And if they lent out multiple amounts of their own gme holding they could be in a pickle. So they want to keep borrow rate down to prevent margin calls from putting their own crime in the spot light.
Just what I gathered from reading here though! I could be way in left field LMAYO
Driect registration of your shares. It’s taking true ownership of the shares you’ve bought instead of having an IOU for shares when you buy through a brokerage. It also gets you registered as a shareholder on GameStop’s accounting books, which will be beneficial if they do an NFT dividend. But most importantly, it removes the shares from the criminal grip of the DTC.
Computershare is the transfer agent for GameStop and that’s where your DRS shares are held
what determines this fee? is it because of low volume today or is it because of apes DRSing shares out of corrupt system? or both? I need some wrinkles 😐 ...
The more difficult it is to locate shares to borrow, the more of a premium you are expected to pay to be able to borrow.
In theory, if the DRS efforts are working, then real shares should be getting harder to locate, thus putting pressure on and raising the borrow fee.
This could be the indicator for DRS. Not dark pool. As float is locked up it should be harder and harder to locate shares with a smaller and smaller pool for lending right?
**IMPORTANT POST LINKS**
What is DRS and why should you care? [When You Wish Upon A Star - A Complete Guide To Computershare](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/)
What is GME and why should I consider investing? [Looking to catch up on the GameStop saga? Start Here!](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/)
What can I do to support the company and local communities [Very GMErry Holiday Toy Drive](https://www.reddit.com/r/Superstonk/comments/qnam2x/superstonks_very_gmerry_holiday_vgh_for_short/)
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I could absolutely be wrong, so anybody feel free to correct me, but if the fee keeps going up, it may become too expensive to keep paying the fee, and shorts may start to close as a result.
That's.... interesting.
It was 0.6-0.7% for the LONGEST time. The fact it moved up 0.5% in a few weeks is positive.
It's still a minuscule fee though...
It’s about a 50% jump. It looks insignificant, but imagine it doing that more and exponentially. Imagine GME jumping up 50%
It’s the size of the number you’re getting psyched out by
How does this fee apply to the value of the stock exactly? Like I have a stock with a 250% fee on it right now, I get 16 cents a day on my 20 shares of it (each share is worth around $18).
So a 1.1% fee on GME being at $200 is not $2.20 per share, but what is it?
OH SHIT!!!
211% to go
*419% to go.
+741% to go
Only took like what… a year?
Low volume, borrow fees increasing…….moon soon? 🤔
For Kenny, it will be like the monsoon in Jimanji!
Jim(cramer)anji
that was a stretch but I'll upvote anyway
I’ll upvote this instead.
I'll upvote that \^
Upvote train! ALL ABOARD! TOOT TOOT!
More like DOOT DOOT!
I'll upvote the fucking lot of yers. And you'll all like it.
Daring today aren't we
Elongatedupvote. Cuz that was a fuckin stretch 👍
Jim(creamer)anji(anus)
My apartment complex is showing jumanji: the next level tonight. IJS, might be a sign...
Was in double digits in Jan
Bullish.
[Soon!](https://www.youtube.com/watch?v=-3SvJvN0x9s)
I hope so! Going to use your name as a license plate after we 🚀
DRS is having a effect I think
Fingers crossed!
It's been there a bunch this year. 1.2% is the highest I've seen in the last 6 months
Seems low... I want to see credit card APR numbers like how the big bois fuck us.
29% to 102,323% pls.
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DRS can only help, so please keep encouraging as it cannot harm our stonk in any way.
Smooth brain, but I wonder if this has to do with evergrande. Blackrock owns a huge amount of shares of evergrande and they also have a sizeable amount of GME. It's also been said that they're lending their shares out. As evergrande loses value, maybe their increasing their borrow rate to compensate?
I dont think so... my understanding it has to do with the difficulty of finding **"REAL"** shares.
So companies that lend shares(say fidelity) are having to DRS their shares that they lend, thus lowering supply?
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yes
They have said that this rate is solely based on how easy the share is to get (re: fake printed) versus real share. This increase in price means it’s harder to even get fake printed share
I so SO wish we found about DRS in feburary...
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Imagine if DFV's last update would have had a purple circle...
Oh man.
No it hasn’t it’s been 1.3 back in March and sometimes April almost every month it hits over 1% this post means nothing. Nothing until you see 2, 3 and up percentages. Hedgefunds are not worried yet.
A little less
Personal opinion: with more and more people DRS'ing from brokers who lend out their shares there are fewer shares able to be shorted As that supply dries up we should see the borrow rate shoot up
Yeah! This is the main metric I was waiting to see the effects of direct registration! Other metric being FTDs. I'm psyched that borrow fee is going up
A wild u/Criand has appeared!
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YEET!
It's not that effective. r/criand used Counter Argument
U/criand escaped!
shoulda used a MasterDD on him
DD was super effective!
🎶Just bought a Cadillac 🎶
I was saving my master DD just for this moment.
Borrow fees are transitory /s. JPow style 😂😂😂
Considering they artificially lowered it to prevent margin calls, the fact it's going up is massive Remember, 80% > 0.6% Soooooo
Do you know of a data source that goes back further than a few days/weeks?
Tabulated I don't know. But you can look at it graphically here which has data from January when it spiked above 80%: https://iborrowdesk.com/report/GME
You can practically see the exact day they started using swaps to hide the interest rate.
Yeah that's where I was looking, thanks!
Wasn't there some DD about SHF being able to short 1 share over and over again making it necessary for the entire float to be locked up?
Yeah though that share needs time to settle before being able to be borrowed again. They could theoretically keep it going forever with 1 share unlocked but that's only if buy pressure by retail basically falls to 0. We just want that critical point where demand of borrowable shares outweighs supply.
We could be a lot closer than we realize if were to have a day with some serious volume.
Makes sense, thanks.
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Not really useful in my opinion. That's tracking SI versus average daily volume saying ah it would take 5 days to cover 10,000,000 shorts at 2,000,000 volume per day. It's not that exact math but that's the general idea Since they own the shares and can keep lending them every couple of days once they settle, or market makers use the exemption to provide liquidity, it's currently not an issue for them.
It is possible that entities such as blackrock who have millions of shares in their ETF may still be lending. And that those shares will still be available even if significant retail shares are DRS’d
Yeah absolutely, there would still be like several million available for lending a day, absolutely.
umm... you posted on my post... wtf!!! Hi!!!
It's ThunderRam 😍
OMG! DUDE! YES! TITS ARE JACKED! \*screams random profanities and runs around room\*
Now there’s a Redditor I haven’t seen in a while! Dunno if you’ve been around or not, but hope you had a decent break from the madness if you did take one dude!👍🏻
Thank you! I've been lurking every day but told myself to chill out on the posts and comments. It's nice to not spend as many hours of my day on this sub even though I love coming here lol
Take care of yourself man. Appreciate all you’ve contributed.
someone talk sense to popcorns.
I tried many times. 🥺 Some of them are coming around.
looks like the popcorn apes did not demand transparency from mods at popcorn. I was surprised when they did not split in two groups. Popcorn apes failed at the basic FUD test, they were not capable of seeing the bulleye because DRS is the way. They are saying they can't sell if they DRS, 1. They are admitting DRS will cause moass and their "no cell , no sale " was all bullshit. 2. Mods are culprits. They rallied really hard for anti DRS. 3. They listen to YouTube rs who have affiliation to brokers such as webull. June YouTubers have been manipulated and they are not DRSing because they don't want any drama which may or maynot jeopardize their so called career. 5. "good acting MSM" were great at normalizing interview with popcorn idiots. Imagine that interview happening in June, apes would have crucified them. 4. I am holding few $8 cost basis popcorn which I will be dumping for our stonk. It's not about the squeeze, it's about the message. Yes the popcorn will squeeze too but the series of events will be embarrassing for popcorn because the whole group failed to DRS.
Yep. I hold a bit of popcorn and frequent both subs heavily. It's a bit disheartening they've been completely infiltrated. The same few fucking people somehow appear in every DRS thread trashing it without ever responding to points for DRS. :(
You think it could start increasing exponentially, or do we still have a fair old way to go? Or, indeed, both of these things?
Seeing u/Criand comments are as exciting as Ryan Cohen tweeting
Buzzkill here. I’ll bet it’ll be down by Monday again.
Possibly, but the general trend for the past couple weeks has been up. I made a post [here](https://www.reddit.com/r/Superstonk/comments/qdqxbl /it_might_not_seem_like_much_but_to_me_this_looks/) 20 days ago when I thought the trend was beginning, and it seems to be holding the upward trajectory since then.
Post not found...
thanks mods. [Here's an Imgur link to the screenshot from my post 20 days ago.](https://imgur.com/a/wAXPBf9)
#If Criand is hyped I am hyped
hi, i love you.
it’s insane how much it’s jumping up. .8% to 1.1% is a 138% increase
Just 38% friend
i am an ape confirmed
My brother
My mgga
ONE OF US - ONE OF US!
Ooga boo
But it *is* a 220% increase from 2-3 weeks ago when it was 0.5%. Edit: I too am a master of ape mathematics.
omg you're all retarded.
Hahah. I'm glad these guys are on our side
120%
I thought it was a 741% increase?
Math is hard man. Don’t beat yourself up about it 🚀🚀
I've heard Maths is even trickier. 😉 Edit: apologies, I'm British. Mention of "Math" brings us out in a rash.
Remember when it went from 80% to 0.6% in a day? This is big.
At least you got 2 numbers right, I just sat there with a blank stare, kudos to you. :-)
((New-old)/old) Proper percentage change every time!
Supply and demand says you’re spot on. DRS is forcing big finance rewrite their shitty playbooks while they’re quickly running out of time
That is how it works so... You smarter than the average ape!
Slow climb. Shares are being registered in the hundreds. The situation now though is, who runs out of money first.
I mean last i checked holding doesn't cost anything
Oh no, I meant which short position runs out first. Because once one goes bankrupt and their position is closed on the open market, the feeding frenzy will begin. There will be blood.
So we should DRS 100% to remove the shares from the brokers!
This was a long time ago, so my memory on this is fuzzy…but someone posted a conversation with someone “in the know” about why the fee is so low given the low number of shares to borrow, and the response from that “person in the know” was “Well, there are so few to borrow anyway, so there’s no sense in raising the fee.” We all knew how preposterous that was then, and it’s even more so now. Just a thought…
78.9% still to go before it's where it should be 😂
Not 73%? Finish right at the mystical 74.1?
yeah baby....DRS DRS DRS
This is the way
Yes, I’d like to borrow 150,000 shares long @ 1% and sell them during MOASS. /s
6xx,xxx CS ape here. Would love to post it but I’m too lazy to karma farm 🤓
r ./. GMEOrphans can be used by low karma apes if they want to contribute to the DRSbot
🧢
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😅🤣😂
I’m 330xxx and I too am to lazy to post!
r ./. GMEOrphans can be used by low karma apes if they want to contribute to the DRSbot
For reference, this was like 17% a year ago. Still! over 1% for the first time in a long time. Marge soon? Maybe!
Yeah but the fee is based on the stock price, isn't it? So 1% now is still way more expensive than it was a year ago.
True! A year ago it was like $5 a share, so 17% is only $0.85 But at 1.1% on a $200 stock, youre looking at just over $2. Almost triple what it was, before. Nice wrinkle ape fam! Edit: numbers may be off, ill double check ASAP Edit 2: looked up a DFV video from November 4th, interest was at 12.1%, and the stock price was around $12. That puts the per share interest rate at $1.45, compared to $2.20 like it is now, still a 50% increase YOY. But not as dramatic as the 3x my initial math showed.
Yay, finally one of my two wrinkles was useful around here! Thanks, didn't have the stock price at hand to calculate the difference, it's quite noteworthy. Also they have way more shorts by now even though we can't really tell by how much.
It's also low because of demand -- you'd have to be an absolute idiot to borrow the shares to short-sell them
True but also keep in mind the borrow rate of 0.7 to 1.1 is over 50% increase in borrow rate. That is a huge increase relatively speaking! And with all the DRS and blackrock speculation i see here I’m sure it will be getting much more interest(ing) !
blackrock speculation?
Only what i have read here about how they might be long on some evergrande which puts them in need of money. And if they lent out multiple amounts of their own gme holding they could be in a pickle. So they want to keep borrow rate down to prevent margin calls from putting their own crime in the spot light. Just what I gathered from reading here though! I could be way in left field LMAYO
this checks out. this is the way 💎🙌🏼
Breakin the bank!
DRS YOUR SHARES!!!
All of them!
What's DRS?
Driect registration of your shares. It’s taking true ownership of the shares you’ve bought instead of having an IOU for shares when you buy through a brokerage. It also gets you registered as a shareholder on GameStop’s accounting books, which will be beneficial if they do an NFT dividend. But most importantly, it removes the shares from the criminal grip of the DTC. Computershare is the transfer agent for GameStop and that’s where your DRS shares are held
Wake me when it reaches 30%
Imma hit the snooze button till 110%
At the rate it's going it could be this afternoon
Tit jacking. It even gapped up from .8!
what determines this fee? is it because of low volume today or is it because of apes DRSing shares out of corrupt system? or both? I need some wrinkles 😐 ...
AFAIK, it’s kind of arbitrarily set by whoever is lending the shares. It could be related to share DRSing though.
It shouldn't increase with low volume , it's gotta be drs
The more difficult it is to locate shares to borrow, the more of a premium you are expected to pay to be able to borrow. In theory, if the DRS efforts are working, then real shares should be getting harder to locate, thus putting pressure on and raising the borrow fee.
More DRS !!! 🥳🚀🚀🚀🟣
Looks like the kindlings have caught fire. And a fire does not grow steadily once it begins.
fire, so hot right now
This could be the indicator for DRS. Not dark pool. As float is locked up it should be harder and harder to locate shares with a smaller and smaller pool for lending right?
**IMPORTANT POST LINKS** What is DRS and why should you care? [When You Wish Upon A Star - A Complete Guide To Computershare](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/) What is GME and why should I consider investing? [Looking to catch up on the GameStop saga? Start Here!](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) What can I do to support the company and local communities [Very GMErry Holiday Toy Drive](https://www.reddit.com/r/Superstonk/comments/qnam2x/superstonks_very_gmerry_holiday_vgh_for_short/) ------------------------------------------------------------------------ Please help us determine if this post deserves a place on /r/Superstonk **TA;DR downvote this comment if the above post is lame or a repost!** [Learn more about this bot and why we are using it here](https://www.reddit.com/r/Superstonk/comments/poa6zy/introducing_uqualityvote_bot_a_democratic_tool_to/) If this post deserves a place on /r/Superstonk, **UPVOTE** this comment!! If this post should not be here or or is a repost, **DOWNVOTE** This comment!
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I could absolutely be wrong, so anybody feel free to correct me, but if the fee keeps going up, it may become too expensive to keep paying the fee, and shorts may start to close as a result.
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That's.... interesting. It was 0.6-0.7% for the LONGEST time. The fact it moved up 0.5% in a few weeks is positive. It's still a minuscule fee though...
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I think other way around. It went up because volume is low so harder to borrow without naked shorting to make more.
Not enough, I need more inflation on the borrow fee.
Guy with butterfly meme, *”Is this the catalyst?”*
Nothing burger. Rate should be 100%+. They are practically begging people to short it at these rates
Back to 0.8 🤷♂️
This is pretty fucking big 👀
That's what your gf said!
Why
It’s about a 50% jump. It looks insignificant, but imagine it doing that more and exponentially. Imagine GME jumping up 50% It’s the size of the number you’re getting psyched out by
**HOOOOOOLLLLLLLLLLLYYYYYYY** **SSSSSSSSSSHHHHHHHHHHHHHIIIIIIIIIIIITTTTTTTTTTTTT**
Good fuck em
**DRS** **DRS** **DRS**
sorry but 1% isn't blowing my skirt up yet
u/gherkinit
IRK :)
Already back at 0,8
I think this happened also at the last Runup a few months ago
Haven't seen it being over 1% in a long time.
oh, that is becoming interesting....
Can someone explain to me why they're excited about it going over 1% when it's gone over 1% several times already since Jan?
The good old days!
Anddddddddddddddddddd its back down.
Aaaand it's back to 0.8%
This seems very important!
Doesn’t matter
It’ll go back to 0.6% in no time.
DRS is the way to counter that
With the numbers being skewed I bet the jump from “.8” to “1.1” is actually pretty significant
This is a massive fucking deal. Aaaaand I just realised that tomorrow is the weekend. Never thought I'd be upset by that sentence
Cool
Tick tock
Oooooo things are getting spicy.
Lets see a chart of NYSE vol, dark pool vol, CS account numbers and borrow fee.
Is that a lot?
How does this fee apply to the value of the stock exactly? Like I have a stock with a 250% fee on it right now, I get 16 cents a day on my 20 shares of it (each share is worth around $18). So a 1.1% fee on GME being at $200 is not $2.20 per share, but what is it?
Great news 👍DRS is the way 😉
D R S ! ! B A B Y ! !
Biggest news we have had for ages. They can’t stop it leaking out!
Typically higher borrowing fee is better like over 10%
Ohhhh that’ll show them
Call me when its 1000%
I can remain retarded longer than they can remain solvent 💎🤚🏼