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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 in GameStop stands at around $1.3 billion with 52.9 million shares shorted, per the latest available figures from S3 Partners. ... “Timing is everything when shorting GME ...
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 ...
A Acquired a majority interest in Gamesworld Group Limited ("Gamesworld"), an Ireland-based video game retailer operating 10 stores expanding GameStop's operations into Ireland. B Acquired Electronics Boutique Holdings Corp. ("EB Games"), a United States–based video games retailer operating approximately 2,300 stores expanding GameStop's ...
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 ...
The short interest ratio (also called days-to-cover ratio) [1] represents the number of days it takes short sellers on average to cover their positions, that is repurchase all of the borrowed shares. It is calculated by dividing the number of shares sold short by the average daily trading volume, generally over the last 30 trading days.
Investor pessimism, however, has quietly turned GME stock into a short-squeeze candidate. Sagging trading volume means that it would take tr In July, GameStop (NYSE:GME) launched its NFT ...
Alternatively, short sellers simply deciding to cut their losses and get out (rather than lacking collateral funds to meet their margin) can cause a squeeze. Short squeezes can also occur when the demand from short sellers outweighs the supply of shares to borrow, which results in the failure of borrow requests from prime brokers. This ...