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Short sellers who had bet against GameStop suffered large losses as a result of the short squeeze. [86] By January 28, 2021, Melvin Capital, an investment fund that heavily shorted GameStop, had lost 30 percent of its value since the start of 2021, and by the end of January had suffered a loss of 53 percent of its investments.
[3] [4] It was reported to have $8 billion in AUM as of January 2021. [5] During the GameStop short squeeze of 2021, it sustained losses of 53% or $6.8 billion, at one point losing more than a billion dollars a day; [5] [6] in Q1 2021, the firm's assets declined 49%, and it finished 2021 down more than 39% on the year, during which the S&P 500 ...
[141] [142] [143] GameStop's Australian division has been the only profitable segment of the global GameStop business for the 2020, 2021 and 2022 fiscal years. The company reported profits of US$9.4 million, US$52.2 million and US$30.6 million for each fiscal year respectively.
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 ...
GameStop (GME) shares closed 51% higher at $65.01 each on Friday after an apparent crush on short-sellers.
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 ...
In this article, we discussed Melvin Capital Management’s short bets that resulted in big losses along with its top 10 stock holdings. Click to skip ahead and see Melvin Capital’s Top 5 Stock ...
No decision has been made and the firm could decide no action is needed". On June 6, 2024, Gill scheduled a livestream on his YouTube channel for the following day, June 7, coinciding with GameStop's surprise early earnings release. GameStop shares rose 47.45% during the trading session of June, 6 2024, opening at $31.57 and closing at $46.55 ...