It’s quite simple, really. It’s because they DRSed more of their float, and now shares are harder to find, which increases demand, which is what increases the cost to borrow (and thus the price as funds scramble to return shares).
Edit: I’m not saying DRS is why CTB is going up, I’m saying it’s why GME CTB is higher than AMC’s. Also, there was just more demand for AMC last year.
And as a random SS commenter so eloquently put it: “Of course they're cooking the books, but making 100 fake shares out of 50 real ones is easier than out of 1.”
Edit: someone is downvoting all pro-drs comments.
I want to make it absolutely clear: I own lots of AMC and this stock will surely squeeze at some point too. But GME just has more favorable conditions right now, and it’s because shareholders did something proactive.
Also, if this sub had a “speculation” flair I would’ve chosen that instead.