Search results
Results from the WOW.Com Content Network
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.
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 ...
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 ...
Investor pessimism, however, has quietly turned GME stock into a short-squeeze candidate. Sagging trading volume means that it would take tr. Editor’s note: This article was updated on Oct. 18 ...
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 ]
Chart showing the price movement and volume during the 2008 short squeeze of Volkswagen shares. In the stock market, a short squeeze is a rapid increase in the price of a stock owing primarily to an excess of short selling of a stock rather than underlying fundamentals.
Roaring Kitty’s GameStop investment explained Known as The Roaring Kitty on social media platform X and DeepF******Value on Reddit, Gill’s account released a photo of what appears to be his ...
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 ]