There’s nothing wrong with >100% short interest. Think of shorting a stock as a derivative which it is technically. In fact, if you were to add up all the outstanding interests of call options for certain stocks, you are going to get more than the float available for purchase. So does that mean call buyers are in the wrong? Oversubscribed short interest just tells you there were a lot of people short the stock with delta 1 infinite put options. I understand there’s this hate for Wall Street but really let’s at least get the math and details right.
