They were supposed to be due today but the fine for breaking the contract is less than the loss.
Really - so do they ever have to close the position now? How does that work?
Shanty Shaker: "They were supposed to be due today but the fine for breaking the contract is less than the loss."
Gentlemen, you have been thoroughly scammed.
Short positions do not come due at the end of the month.
There is no fine, and no contracts have been broken.
Short positions can open and close thousands of times every trading day.
And, the fact that 100% of the shares of GameStop have been shorted does not mean that everyone who owned the stock today is going to get paid $325 a share.
GameStop is going right back to $20 on Monday.
Sorry you had to learn the hard way.