GameStop Fails to Deliver Surge 1350%

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Fails to deliver in shares of GameStop Corp. surged 1350% in the most recent data released by the SEC.

Shares failing to clear increased from 1,632 to 23,708 in the second half of January, the latest data available. Fails to deliver even climbed as high as 152,000 during the period.

This huge number of shares failing to clear stands in contrast to modest figures at companies far larger than GameStop. Here are the fails to deliver for some of the largest companies in the market at the end of the reporting period:

Alphabet Inc. Class A Shares: 27,991
Amazon.com Inc: 0
Apple Inc: 0
Microsoft Corp.: 0
Tesla Inc: 48,826

Sometimes fails to deliver happen for benign reasons, such as clerical errors. But they can also be a sign of naked short selling.

Naked short selling is the generally illegal practice of selling short shares you never borrowed. The trade can’t clear because the shares never existed in the first place.

Meanwhile, you can sell short as many shares as you want without being constrained by the need to borrow them. This is a powerful way to push down a stock’s price.

I’ve written extensively about huge fails to deliver in shares of AMC Entertainment Holdings, Inc., but this is the first time I checked the numbers for GameStop. It’s interesting to note that both meme stocks have huge numbers of trades that don’t clear.

Coincidence? Perhaps.

But I’m willing to bet some short sellers are up to no good. Indeed, numerous short selling firms are currently under federal investigation.

The federal government would be wise to investigate these huge numbers of failed trades as one piece of the puzzle.

What do you think is going on in GameStop shares? Leave a comment at the bottom and let us know!

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More on markets:

FBI Raids Short Sellers

Citadel Under Federal Investigation

AMC Fails to Deliver Skyrocket 9X

Photo: “Retail GameStop” by ccPixs.com is licensed under CC BY 2.0

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11 thoughts on “GameStop Fails to Deliver Surge 1350%”

    1. Funny you say that, since high ranking employees from all of those companies jumped ship to go work for GameStop. Better business indeed.

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  1. Finally someone in the media wrote about FTD’s instead of pretending that they don’t exist. This crime is a slap in the face of ALL Americans; and globally, shareholders of synthetic stocks that have failed to deliver. The DTC, DTCC, and the SEC will be answering to the global market SOON and it won’t be pretty. “We’re not in Kansas Dorothy…” AND IT ISN’T 2008 ANYMORE. The curtain is being lifted & the great & powerful Oz is being exposed.

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  2. Just YouTube or reddit AMC or GME. We have been screaming this for the past year. You don’t hear this on mainstream media because hedge funds pay them off. Look at who owns or buys out newspapers these days. Hedgies direct the narrative to empty your pockets. Look at the GME and AMC price action for the last several months. Retail keeps buying, not selling yet the price is going down because of what is insuated in this article.
    “Apes” know this already but if you are new to this, get ready to plunge into the rabbit hole!

    Liked by 1 person

  3. This is the tip of the iceberg . That’s repotted FTDs. The figure is far more , hidden in option puts rolled over continuously and creating phantom shares which do not exist . Indeed a rabbit hole and the SEC sit on their hands . According to good sources it’s believed that shares now owned in GME is at least treble the float . These shares have to be delivered full stop , and the SEC needs to enforce

    Liked by 1 person

  4. Glad some people are writing about this and it’s finally getting picked up on. Your article came across in my Google News feed. It’s starting to gain notice finally. Thank you

    Liked by 1 person

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