Search results
Results from the WOW.Com Content Network
Short interest in GameStop stands at around $1.3 billion with 52.9 million shares shorted, per the latest available figures from S3 Partners. Not all outstanding shares of a company are made ...
A GameStop store in 2014. GameStop, an American chain of brick-and-mortar video game stores, had struggled in the years leading up to the short squeeze due to competition from digital distribution services, as well as the economic effects of the COVID-19 pandemic, which reduced the number of people who shopped in-person.
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 ...
Shares would eventually drop another 25%. Investor pessimism, however, has quietly turned GME stock into a short-squeeze candidate. Sagging trading volume means that it would take tr
Interest in meme stocks started in 2020, [4] in what the U.S. Securities and Exchange Commission has called a "meme stock phenomenon". [12] The stock of American video game retailer GameStop has been one of the most popular meme stocks, [13] [14] with mass purchases of the stock leading to a short squeeze on GameStop in early 2021. [5]
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 ]
The stock crossed above $30 per share on Monday to close up 75%. Shares had been on an upward trend, rising about 60% over the past two weeks. ... GME shorts are now down -$1.34 billion in May ...