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Short selling is a finance practice in which an investor, known as the short-seller, borrows shares and immediately sells them, in the hope that they will be able to buy them back later ("covering") at a lower price, return the borrowed shares (plus interest) to the lender, and profit off the difference.
GameStop stock tanked more than 18% Wednesday as a rally among meme names showed signs of fading.Shares of the video game retailer are coming off a two-day short squeeze. GameStop stock gained ...
The short-squeeze play has risen to notorious prominence in 2021. Thank the likes of GameStop (NYSE:GME) and AMC (NYSE:AMC) as the two main characters responsible for this showmanship and ju.
Citron was forced to close its short position in GameStop at a loss in 2021, after retail traders ganged up against heavily shorted stocks on online forums to drive rallies, which cost bearish ...
The short position adopted by Melvin Capital and others resulted in more than 139% of existing shares of GME being shorted, making GameStop stock the most shorted equity in the world. [31] Through the end of January 2021, the fund was down 53%, according to WSJ . [ 5 ]
In 2021, after retail investors on Reddit noticed that the short interest exceeded 100%, the company's stock price skyrocketed from $17.25 to over US$500 per share. According to the SEC report, this volatility was only in part due to the massive buying power of retail investors.
Short interest on GameStop sits at around 24% of the float, according to S3 Partners data. "Including today's losses, GME shorts are now down -$1.34 billion in May month-to-date losses, and now ...
Citron Research no longer has a short position in retail traders' favorite GameStop, the short seller said on X.com on Wednesday, days after taking a bearish position in the company. Andrew Left ...