To The Moon

Not a single short has been closed on FFIE - Whoever tells you otherwise is lying - Gamma Squeeze Can Only Happen When FFIE Is GREATER THAN $20 - $50

The truth is nobody really knows but there are clues we will discuss below. The information delay on short interest is in fact, delayed.

Reporting Frequency: Short interest is reported bi-monthly by major exchanges like the New York Stock Exchange (NYSE) and NASDAQ. This means the data is published twice a month.

What we do know is that the float on FFIE is incredibly high. I haven't been following anything else. Presumably SINT is high too.

What most likely is happening and this is just a presumption is that people ran into purchasing the stock separately from closing their short. In this way, the stock position is now market neutral.

So why is the stock screaming higher? And, why am I so sure that there has probably been extremely limited short covering? 2 reasons.

Reason 1:

The effective out of circulation float, literally per the last report from finfiz.com is 97%. Remember this is not in real-time or current by any means. At some point this will be updated.

r/roaringkitty - Not a single short has been closed on FFIE - Whoever tells you otherwise is lying - Gamma Squeeze Can Only Happen When FFIE Is GREATER THAN $20 - $50

Reason 2:

Math. Buying these shares and holding them to now is an insane percentage to the upside.

.10$ to .78$ is an astounding 680% return. However, in the reverse, if you had a short in at $10 per share and rode it all the way down to .10$ you would effectively have a return of 99%. Whether that short goes to .1 or .2 or .10 again there isn't much left past 99% as you are effectively going to the decimal places of the percentage.

For example, remember how the short at $10 went to .10$ and the return is 99%. The stock price rising to .90$ as it did yesterday would only decrease the shorters return from 99% to 91%. That is only an ~8% decrease on an almost 100% return.

Nobody in their right mind would bat an eye to that and cover the short. And nobody, in their right mind, would want to purchase shorts at this time either.

But what if there was a way to look at the history of the price point per meaningful short purchases.

The reason why this part is important to understand is to see when meaningful shorts where purchased at what price points.

If only we could look at the history and find out. We're in luck. We can.

In a desperate attempt to keep the stock price above $1 Faraday issued a stock split reversal with these instructions.

Faraday Future Intelligent Electric Inc. (FFIE) announced a one-for-three (1-3) reverse stock split of its common stock on February 25, 2024, that took effect on February 29, 2024, and on March 1, 2024. The split-adjusted trading began on March 1, 2024, and the CUSIP number changed to 307359703.

So let's point out some key dates and price points.

pay attention to this graph at the time of a very massive short interest entered into the stock. Not to say there wasn't already a massive short interest prior to that date and of course a higher share price.

This is from Nasdaq.com

r/roaringkitty - Not a single short has been closed on FFIE - Whoever tells you otherwise is lying - Gamma Squeeze Can Only Happen When FFIE Is GREATER THAN $20 - $50

Now, notice a couple things. First, there was an 1:80 stock split REVERSAL at this point 8/28/23 (which is prior to the 1:3 mentioned previously)

So, the price points at close:

8/15 = $58.0800

8/28 = $28.4400

8/31 = $22.5750 (effective price prior to reversal = $.2821875)

Think about that. In all reality at this moment a stock worth $58 just 15 days earlier is now only worth at the same market cap $.28218.

To me this is meaningful date #1 and we would have to go to the current expected share price to figure out that short share price was at its current price using the $58 dollar price.

The math is 58 / 80 / 3 = $.24166

Now, those shorts may be gone But if the entry price was $58 dollars why would you care about selling out of your short for a miniscule gain? Your profits are 99.83% and now only 98.45% from the .10$- .90$. That wouldn't hurt a fly and nobody would probably sell that.

Here are some examples of if the stock price rose at what point would that hurt the underlying short interest:

At $5 close price = 91.38%

At $10 close price = 82.76%

At $20 close price = 65.52%

At $50 close price = 13.79%

At $60 close price = 3.45%

At $75 close price = LOSS 29.31%

There is a peak at July 2022 of 1320.00 but it's not worth noting because there would be no real share price that would affect the shorts unless it approached $100's of dollars.

So, the target before anyone started sweating to close a short from the August 15th time range would be at the $10 - $50 levels.

Yes, shorts that were bought at the $5 - $1 range are probably getting wiped out but that is the small people and tiny fraction and NOT the large institutional investors that meaningfully kicked off a massive short position in the August 2023 time range.

Once you seen the days to cover go to 1 on 9/15/2023 is when the shorts where in. That pricing began at $58/80/3.

It's not that the shorts are closed and covered. If that were true there wouldn't be any shorts. Hell no, all those shorts are firmly intact. It's not that the shorts are closed; it's that they don't give a shit the stock moved from .08$ - .90$.

The question you have to ask yourself is this. Do you want to go on a journey to $40 - $60 to make the shorts buckle. They don't buckle unless this goes past $1. The target isn't $1 and then sale. The target $100 or more.

This isn't financial advice or in anyway to make you do anything that isn't good for you and your family. Also, the probability of this happening is most likely improbable and seemingly impossible task. The only chance that the stock has is the short float that exists for shares still available to purchase. Right now, anyone selling the stock at any moment will only seek to unravel the chances it can pass $1. The only thing happening right now are people trading the stock in and out. Nobody is holding this stock because if there was meaningful buys the stock would broach $1 easily.

Either it gets to $50 or it ain't going to gamma and wipe out the 8/15 short positions. The media is not reporting it because nobody cares it's too insignificant. They don't hear you because the position is too small.

Do with this information as you need to. And be careful out there. I provide this information so you are fully informed. Maybe I made mistakes and you can please discuss them below. It's just how I see this problem solve. And

I just like the stock

Something I forgot. The concept of double dipping a short

one thing i forgot that may be true is the concept of double dipping. If you have "friends" that started a short at $100 and you wanted to share the fun with yourself or other friends (money) you could maintain your short which would serve as a protection to those who would enter the short in at a more recent date. So let's say they entered in at $1. They would have a much higher gain than they're original short but they let the short sit there as protection for the smaller short they have. driving the price to pennies. Now the $1 short at .10$ has made a 90% return. There could be percentages of those shorts getting wiped out.