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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 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 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 ...
Yahoo Finance's Ines Ferres breaks down AMC and GameStop's recent shares tumbles as the meme stocks remain relatively elevated after exponential growth seen in 2021.
[1] [2] The two-episode series was released on March 3, 2022 on HBO Max. It explores the causes that led to the 2021 GameStop short squeeze , and the dark underbelly of Wall Street that the phenomenon unearthed: payment for order flow , creative accounting , abuses of the short selling mechanism like naked short selling , corporate overvoting ...
[142] [143] [144] 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 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 ...
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]