Interactive Brokers founder Thomas Peterffy discloses investor MEME positions in this interview from June 7th 2021…The float is owned multiple times over

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TLDR: Interactive Brokers founder Thomas Peterffy discloses investor MEME positions in this interview from June 7th 2021…The float is owned multiple times over

https://www.cnbc.com/video/2021/06/07/amcs-valuation-will-win-out-in-the-end-says-interactive-brokers-thomas-peterffy.html

Says “1.2M” then corrects to “1.4M” customers on his platform

less than 2%” are in meme stocks

“Of those who are long, they average between $50 to $100K”

“Shorts are twice as much”

I am going to make a call here that he was looking just at GME and not AMC combined. If you want to halve all of the numbers to be conservative then please do that when reading below…

Calculate:

Low side

1,200,000 *1% = 12,000

12,000 * $50,000 = $600,000,000

$600,000,000/ $252/share = 2,380,952 shares

High side

1,400,000 *2% = 24,000

24,000 * $100,000 = $2,400,000,000

$2,400,000,000/ $252/share = 9,523,809 shares

Middle

1,300,000 *1.5% = 19,500

19,500 * $75,000 = $1,462,500,000

$1,462,500,000/ $252/share = 5,803,571 shares

“Shorts are twice as much”

So Interactive brokers founder implied on CNBS June 7th his customers alone had likely 6M shares long and 12M shares short!

Marketbeat.com for short interest on June 25TH (closest snap shot)

https://web.archive.org/web/20210625142054/https://www.marketbeat.com/stocks/NYSE/GME/short-interest/

Shows 20% short?

How can Interactive brokers be at 66% short but the overall market is at 20%?

Simple answer: Shorts have not been covered!

ANOTHER DATA POINT

Interactive brokers has approx 1.3M (Either 1.2M or 1.4M per Peterffy)

Owning a calculated 5.8M shares of GME’s 58M float (10%) with 20% short.

Fidelity has 38M customers!

10/1.3*38 = 292!

If Fidelity customers were as invested in GME as IB customers,

They alone would own 292% of the float.

Conclusion:

The float is owned multiple time over

Jacked to Infinity and beyond..

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Categorized as gme

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