for those who are curious https://twitter.com/CheeseForEvery1/status/1354512284564000768 …pic.twitter.com/48vhifDekX
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also, for even more added fun, I think a number of hedge funds also wrote a bunch of call options thinking the stock was going to decrease turns out all of them are in the money and a good number also expire very soon :)
Cost to borrow GME through IB is 32.3% right now. NOK is only 2.6%.
I knew a broker who would find heavily shorted stocks with lending rates over 100%. He'd buy some shares and just lend them out. If the stock went up, cool. If it dropped, the lend rate would usually make up for the drop.
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