GameStop Short Squeeze is recently a very hot topic in the USA, and refers to the short squeeze of the stock of the American video-game retailer GameStop and other securities that took place on various stock exchanges, causing major financial consequences for certain hedge funds. It has been reported in many news outlets, including CNBC, BBC, and Reuters.
There are a few free sites to check out the GameStop current short interest, or the GameStop short interest today. Short interest is the number of shares that have been sold short but have not yet been covered or closed out. A related concept, short interest ratio, represents the number of days it takes short sellers on average to cover their positions, that is repurchase all of the borrowed shares.
Another site is the Twitter Page of S3 Partners, which is a FinTech company. They often publish the statistics for GameStop (GME) short interest on a daily basis.
A third source is Ihor Dusaniwsky’s Twitter Page. Ihor is the Managing Director of Predictive Analytics at S3 Partners. He posts GameStop Short Interest information on a regular basis, including some explanations to beginners.
Note that there are two ways to calculate short interest (SI):
SI = shares shorted / (float). This value can exceed 100%.
SI = shares shorted / (float + shares shorted). This includes the “synthetic longs” created by short selling, and will be a value between 0% to 100%.
GameStop Short Squeeze
Do also check out the Twitter Page of Michael Burry, where he posts information about GameStop Short Squeeze, GameStop Gamma Squeeze and more. Michael Burry is a famous investor and inspired the main character in the movie “The Big Short”.
(The Singlife referral code/ promo code is the above URL link. Just click it on your mobile device to apply the referral code.)
If you install and apply for Singlife using the above Singlife Referral Code, you will get S$10 credited to your Singlife account, as soon as you set up your Singlife account and activate your free Singlife Visa debit card.
Singlife is a insurance savings plan that works similarly to a bank account, providing you a 2.5% per annum interest. You may withdraw your savings at any time, there is no lock in period.
What is most attractive about Singlife is definitely the 2.5% interest, it currently much better than many banks’ savings account or even fixed deposit account.
I find the setting up process very easy, it should take less than 15 minutes and can be done entirely online. The app is quite intuitive to use, and has a clean user-friendly interface.
I have personally tested the Singlife withdrawal (withdraw from the Singlife bank to a DBS bank account). While it is not instantaneous, the withdrawal is very fast (around 5 minutes to appear in my bank account). On paper, it can take up to 3 hours for the Singlife withdrawal process, which is still quite acceptable.
Singlife Protected by SDIC and Capital Guaranteed
One question that is bound to be asked by Singaporeans is “Is Singlife safe?”. Or “Is it safe to put my money in Singlife?”.
So let us summarize the pros and cons of Singlife account.
High interest of 2.5% p.a. (No other bank has such a high interest at the time of writing this post, even fixed deposits cannot compare with Singlife.)
Protected by SDIC.
Comes bundled with life insurance and retrenchment insurance.
Comes with free Visa card (no fees).
The 2.5% interest rate is not guaranteed (it can go up or down in the future). According to the Singlife Facebook, it will uphold the interest rate for at least a year.
The 2.5% interest rate is only for the first $10k in your Singlife Account. Subsequently amounts above your first S$10,000 up to S$100,000 will earn 1% p.a. returns (which is still quite good). Amounts above S$100,000 will not earn any returns.
No ATM machines, it is totally virtual.
Singlife is still relatively not well-known at the moment.
Singlife Hardwarezone and Singlife Reddit
You can check out the discussion about Singlife on the popular forum Hardwarezone or Reddit.
Basically, the comments about Singlife are quite positive (especially regarding the high 2.5% interest). The sentiment is that there is no harm trying out Singlife (while the high 2.5% interest is active, and then reconsider or transfer out when the interest rates drop).
If you decide to sign up with Singlife, do so with the referral code link below, and get $10 credited to your account!
The Singlife Account comes with a free Visa Debit Card. It has no annual fees and no FX (foreign exchange) fees. You can use the Singlife Debit Card overseas, there will be zero FX fees imposed on your overseas purchases.
Even if you just intend to use it rarely, there is no harm just activating your Singlife Debit Card. You can get instant notifications on your spending in the Singlife App. For greater security, you can lock and unlock your Singlife Card all through the Singlife App.
The most important thing to note regarding Singlife Debit Card is that you must activate it in order to get the S$10 Referral or Promotion bonus.
Disclaimer: The opinions on Singlife Account expressed in this blog post is for general informational purposes only and are not intended to provide specific advice or recommendations for any individual or on any specific security or investment product. It is only intended to provide information on Singlife Referral and Singlife Review. In particular, this blog post is not a substitute for obtaining advice from a qualified investment advisor.