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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.
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 ...
Short interest in GameStop remained elevated since that meme rally, data from S3 Partners showed, with almost 24% of the float. GameStop shorts were down $1.36 billion on Tuesday after losing ...
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]
In January 2021, trading activity around a short squeeze resulted in a 1,500% increase in GameStop's share price over the course of two weeks, reaching an all-time intraday high of over US$500.00. As of January 29, 2021 [update] , on the New York Stock Exchange .
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 ...
GameStop stock went from a high of $66 when "activist investor" turned CEO Ryan Cohen joined the board in January 2021 to a low of $9.95 in mid-April before the latest bout of Keith Gill ...
[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 ...