These positions are disclosed in Form 13F filings with the Securities and Exchange Commission. GME jumped 15% despite there being no significant news related to the company. Mohammad Hormozzadeh of Brooklyn, N.Y., expects a giant short squeeze in GameStop shares later . Disgruntled Franchisee's Push McDonald's To Pursue Cost Cuts, Healthcare Innovation Drives Medical Device Makers To New Highs, Stocks are for suckers try this instead, Skip Charts & View Short Interest History. The latest data show that 60.3 million shares of GME are held - that's a rise of 6 million shares compared to. The U.S. dollar is under fire from rival nations. There has been a severe sell-off in meme names. They determined that the SECs current regulations were unenforceable. Investors that short sell a stock are betting that its price will decline in the future. As the tug-of-war between the everyday investors and hedge funds heated up and support grew for GameStop on r/wallstreetbets, the stock skyrocketed more than 50 . with $2 billion and Lyft Inc. Biden To Unleash "Choke Point" Operation On America? Changes in short volume can be used to identify positive and negative investor sentiment. View analysts price targets for GME or view top-rated stocks among Wall Street analysts. 2023, Nasdaq, Inc. All Rights Reserved. CNK, By any conventional measure, its share price is wildly inflated and extremely risky for whoever owns its shares. WWE, Among the biggest losers is the hedge fund Melvin Capital Management, which . However, NASDAQ publishes a report for U.S. stocks, including GME, twice per month. Why 5% interest rates might not derail the stock market or the U.S. economy. GME stock was among the biggest gainers in 2021 and several retail investors made massive gains on the stock. Notably, GameStop's share price decline was still less steep than tech and growth stock giants such as Tesla (TSLA) - Get Free Report, Meta (META) - Get Free Report, and Nvidia (NVDA) - Get Free Reportwhich fell 69%, 64%, and 51%, respectively. AMC and GameStop are up around 1,000% and 600% . What Company Has GameStop's Chairman Ryan Cohen Set His Sights On? KMX, GME | Complete GameStop Corp. Cl A stock news by MarketWatch. In terms of its 52-week price range, GME . "Market Cap" is derived from the last sale price for the displayed class of listed securities and the total number of shares outstanding for both listed and unlisted securities (as applicable). It has become synonymous with the little guy in retail trading and symbolizes the ongoing struggle between hedge funds and retail investors. After the market meltdown that included abusive naked short selling, Kaufman, a Democrat, and former Georgia senator Johnny Isakson, a Republican, had introduced legislation that directed the SEC to write regulations to end the practice. Even when crooked traders and dealers are caught red-handed, all they pay is a small finethe cost of doing business. We dont have the ability to track what shares are shorted and how many times.. Shares of GME stock can be purchased through any online brokerage account. How does a short squeeze work against GameStop? RIOT, As of March 31st, investors have sold 56,720,000 shares of GME short. GameStop 's first profitable quarter since January 2021 sent the stock surging. JP Morgan analysts have pegged the future price of oil at $380 per barrel. GameStop Corp. (GME) Stock Price, News, Quote & History - Yahoo Finance Dow 30 GameStop Corp. (GME) NYSE - Nasdaq Real Time Price. In contrast, a larger spread suggests lower liquidity, as there are fewer investors willing to negotiate. April 18, 2023|Legacy Research (Affiliate) (Ad). The company sells new and pre-owned gaming platforms and accessories like controllers, headsets, memory cards, and gaming software as well as in-game products like digital currency, downloadable content, and games. Investors may trade in the Pre-Market (4:00-9:30 a.m. She warned me that it would be bad for my career if Ted and I went after short selling, Connaughton told me. In other words, large numbers of locates or borrows were fake, making the shorts naked. Why does it matter? Market Realist is a registered trademark. +1.56%, One factor that is also killing profits for short sellers is the borrowing costs on stocks that no one is willing to part with, and the stock that figures highest on that list is AMC. Because naked short selling causes the number of shares in the market to increase, which normally makes their value drop; more shares equals less value. Melvin Capital and Light Street Capital's funds suffered further losses in May, the FT reported. FOX Business and the Associated Press contributed to this story. It's what happened with GameStop's stock. Based on aggregate information from My MarketBeat watchlists, some companies that other GameStop investors own include General Electric (GE), AT&T (T), Ford Motor (F), Advanced Micro Devices (AMD), Micron Technology (MU), Intel (INTC), Tesla (TSLA), Walt Disney (DIS), Alibaba Group (BABA) and Energy Transfer (ET). People may receive compensation for some links to products and services on this website. Identify stocks that meet your criteria using seven unique stock screeners. Now theres another chance. A documentary on the GameStop short squeeze was released in theaters in January. The stakes are enormous: The surge in trading drove GameStops value up by more than $10 billion on Wednesday alone. The surges came from small retail investors with trading accounts ranging from $500 to $2,500 banding together in an economic tug-of-war against major investment firms. Get short term trading ideas from the MarketBeat Idea Engine. All this has been made easier by the free trades available through platforms like Robinhood and E-Trade. JP Morgan analyst: Oil to hit $380 per barrel. Thanks for supporting Wall Street Memes). While the stories of people making millions on their YOLO bets on GME stock have been making the rounds, like typical Ponzi schemes, there are many more stories of retail traders getting struck in GameStop at higher levels. ET). A cheap share price, the retention of Jeffries and the recent short squeeze all seem like a repeat of GME in 2021. Short sellers are betting that a stock will decline in price. However, GameStop's short interest has. Figure 1:GameStop Stock Soars On Its 2-Year Short Squeeze Anniversary. Which means the brokers have to buy more shares, which means you get the idea. Get short term trading ideas from the MarketBeat Idea Engine. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. If you would like to customise your choices, click 'Manage privacy settings'. During January 27ths trading session a session that marked the two-year anniversary of GameStop stocks massive 2021 short squeeze GameStop shares jumped about 15%. GameStop (NYSE:GME) Shares Gap Down to $22.40, GameStop Stock: 3 Signs of Bullish Sentiment, GameStop Director Larry Cheng Just Doubled Down on GME Stock, All You Need to Know About GameStop (GME) Rating Upgrade to Buy, Insider Buying: The GameStop Corp. (NYSE:GME) Independent Director Just Bought 16% More Shares, Lawrence Cheng Acquires 5,000 Shares of GameStop Corp. (NYSE:GME) Stock, There May Be Hope on the Horizon for GameStop Stock, GameStop Out Of 'Dirty Dozen' List But Is A 'Melting Ice Cube:' Why Whitney Tilson Sees Stock Returning To Pre-Meme Levels, GME Stock: GameStop Launches V2 of Its GMERICA. It has been a weird time in the stock market, where a video game retailer has suddenly become the center of attention. NIH003AMGS. Get 30 Days of MarketBeat All Access Free, By creating a free account, you agree to our, 3 Dividend Stocks with a Yield Above 5% That Are on Sale Now, Charles Schwab's Recovery Just Shifted Gears, Digital Realty Offers Growth and Income with a Wide Moat, These 2 Fabless Chip Stocks Are Among The Market's Top Performers, The Top 2 Chip Stocks Going Into Earnings Season, Here are 2 Top Drug Makers Leading the Way in Weight Loss Drugs, Why State Street Stock Is Sliding After Announcing Earnings, Why Restaurant Stocks are the Stocks to Buy Right Now, President, Chief Executive Officer & Director, Unusual Passive Income Investment (Found on a Golf Course), Adam Mesh: This Strategy Saved My Trading Career, Stocks are for suckers try this instead. In most cases, profits are made in the stock market as the price of a share rises. But it was still up an amazing 928% through the first few weeks of 2021. GME - Short Interest - GameStop Corp. Stock - Short Squeeze, Borrow Rates EXTENDED Overview Owners Short Interest Options Filings Financials Dividends Earnings Forecast Introduction This short interest tracker provides a variety of short interest related data, sourced from a variety of partners. Brazilian Retailer Americanas: Victim of an Honest Mistake or Perpetrator of Fraud. Can Garrett Motion Turbocharge A Short Squeeze? Dark pools handle more than half of all trading, with most dark pools owned by the big prime brokers. Robinhood limited the ability of traders using its app to buy the call options, for example. However, these gains were short-lived and the stock soon came down. However, that day, the stock closed at $193.6, which was less than half the intraday highs. The P/E ratio of GameStop is -21.63, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. with $394 million, Paramount Global But they also trade tips and analysis that can go on for pages. In-depth profiles and analysis for 20,000 public companies. digital investment platforms lack the personal touch. Find out more about how we use your personal data in our privacy policy and cookie policy. It's how investors can make money off a stock falling. This significant rise in share price was accompanied by a rise in volume (also by about 15%). and CarMax Inc. A short squeeze for GameStop occurs when it has a large amount of short interest and its stock appreciates in price. These symbols will be available throughout the site during your session. Sign-up to receive the latest news and ratings for GameStop and its competitors with MarketBeat's FREE daily newsletter. The problem is not new. Later, if the stock price does as they expect, they can buy the stock at a lower price and keep the difference. At that point I thought, Great, were going to change the way stocks are traded. However, the event was dominated by the big trader banks, which made huge sums lending stocks for short sales, and had been lobbying against any restrictions on it. The newly issued shares were payable to shareholders after the market closes on Thursday, July 21st 2022. Latest Gamestop Corporation News and Updates. Learn More on GameStop's short interest ratio. GME, What does it mean to sell short GameStop stock? The most recent reporting period available is March, 31 2023. As the broader stock market has been on a tear for about a month, things are looking grim for investors with big short positions in stocks like AMC Entertainment Holdings Inc. and GameStop Inc . Will GME stock hit its 2021 highs ever? We are interested in naked shorting. Any GameStop investment thesis should acknowledge the high degree of unpredictability surrounding the stock. The study was published last week to the journal Royal . Melvin Capital declined to comment on FT's report, while Light Street could not be contacted. Short sellers are thick-skinned, but the nasty comments, insults and threats leveled at them feel like political fights, not investing differences. Short selling GME is an investing strategy that aims to generate trading profit from GameStop as its price is falling. **Green highlights the top performing ETF by % change in the past 100 days. During the same quarter last year, the business posted ($0.47) EPS. Export data to Excel for your own analysis. Real-time analyst ratings, insider transactions, earnings data, and more. GameStop Corp. is a specialty retailer founded in 1999 and headquartered in Grapevine, Texas. -3.13% They've recently been encouraging each other to keep buying GameStop to push it even higher, or "to the moon.". Please, become a member, or make a one-time donation, today. DTCC is owned by the prime brokers, such as Goldman Sachs, JPMorgan, and Citi, and run in their interests. Amyris May be Oversold, but is it Worth Fighting the Shorts? An investor that had 100 shares of stock prior to the split would have 400 shares after the split. This would prevent multiple short sales on the basis of a single share. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. Cohen's other notable shareholder activism campaign began last year when he bought a sizable . GameStop's stock is owned by a variety of retail and institutional investors. It's costly to big hedge funds to locate hard-to-borrow shares. In-depth profiles and analysis for 20,000 public companies. At one point in time, GameStops short interest ratio was more than 100 percent, which meant that more shares were sold short than the outstanding float. Shares have climbed nearly 30% this January. UPC. WallStreetBets and meme stocks are now a pale shadow of their peak. Most short interest money is tied up in Coinbase, with short interest of $2.71 billion, followed by CarMax with $1.8 billion shorted, GameStop with $1.32 billion, AMC with $749 million shorted . Shares of GameStop split before market open on Friday, July 22nd 2022. The company can be reached via phone at (817) 424-2000, via email at investorrelations@gamestop.com, or via fax at 817-424-2002. Jeff Connaughton, then Kaufmans chief of staff, told me what happened next. Dusaniwsky calculates that there continues to be moderate short covering in GameStop with short sellers covering 262,000 shares, worth $68 million, over the last 30 days but most of that. The top could have been even higher, however, had several meme-y tickers not been restricted by one of the largest trading platforms serving GME retail investors: Robinhood (HOOD) - Get Free Report. How to Exit Stocks: The Best Strategy (Ad), Heres Your Own Billion-Dollar Trading Edge (Just $0.76 a Week) (Ad). ETFs with the largest weight of GameStop (NYSE:GME) stock in their portfolio include VanEck Social Sentiment ETF (BUZZ), SoFi Web 3 ETF (TWEB), Roundhill MEME ETF (MEME), Wedbush ETFMG Video Game Tech ETF (GAMR), VanEck Video Gaming and eSports ETF (ESPO), SoFi Social 50 ETF (SFYF), SPDR S&P Retail ETF (XRT) and Pacer BlueStar Digital Entertainment ETF (ODDS). Sign up to receive the latest short interest report for GameStop and its competitors with MarketBeat's FREE newsletter. Most short interest money is tied up in Coinbase, with short interest of $2.71 billion, followed by CarMax with $1.8 billion shorted, GameStop with $1.32 billion, AMC with $749 million shorted . When you support The American Prospect, youre supporting fellow readers who arent able to give, and countering the class system for information. GME shares currently have a short interest ratio of 10.0. The video game retailer has demonstrated strength in the face of both Wall Street skepticism and significant shorting activity. CVNA, That would send oil companies skyrocketing. This weird little bubble doesnt just affect the bettors, though. . Get daily stock ideas from top-performing Wall Street analysts. In the past three months, GameStop insiders have bought more of their company's stock than they have sold. Read: AMCs stock rallies more than 30% in 3 days as Easter weekend movie attendance provides boost, Short sellers want to short the stock, but they are not able to get a stock borrow locate and therefore cannot execute their short on the street, Dusaniwsky told MarketWatch in an interview. In GameStop's case, the shorts include at least two big hedge funds. Fast forward to 2022, meme stocks aren't as popular as they were in 2021. Among them is the fact that an economic downturn has probably already been priced in during last year's bear market - general market bearishness and investor conservatism helped drive GameStops 50% fall last year. GameStop trades on the New York Stock Exchange (NYSE) under the ticker symbol "GME.". Shorting a stock essentially means borrowing shares from a broker and selling them, with the agreement you'll return the. But small-time investors werent having it. But this isnt just about GameStop anymore. When the price falls, you buy back the shares and pocket the difference. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. COMP, Members of the subReddit group, which has more than 6 million users, have been bidding up GameStop shares in the three months, causing the stock to skyrocket above $300 in mid-January, to now. GameStop's elevated short interest could also be a positive factor for the stock. NBC NEWS: Short-sellers lost $14.3 billion today alone on GameStop stock, according to S3 Partners. But maybe Ted Kaufman is now in the CATbird seat. Identify stocks that meet your criteria using seven unique stock screeners. GameStop Inc. However, looking at things in the short term, it does seem as though many Reddit-oriented retail traders (those at the heart of the retail meme-stock investment movement) have renewed their bullishness toward speculative assets. Left with no option, shorts had to cover their positions at a massive loss. These smaller investors are using Reddit and other discussion boards to encourage each other to buy GameStop resulting in whats known as a short squeeze. 1 equities research analysts have issued twelve-month price targets for GameStop's shares. The best way to profit from energy is NOT a stockRather, it's this little-known alternative investment. Some of these enthusiastic amateurs are buying shares of GameStop, but many are placing their own options bets, on the opposite side of the shorts. There are rumors that movies might already be in the works. GameStop saw a drop in short interest in the month of March. GameStop shares are down 30% year-to-date in 2022, and its short sellers have generated about $152 million in year-to-date mark-to-market profits. With several fundamentally strong growth stocks trading at attractive valuations, many retail investors have ditched speculative meme stocks like GameStop and bought the dip in quality growth names. If big investors on the losing side of these trades have to raise money to cover their losses, it could mean dumping enough shares to hurt the prices of otherwise solid stocks. has gained 6%, and the tech-heavy Nasdaq Composite Index Now what? GameStop does not currently pay a dividend. (844) 978-6257. Naked short selling is when the trader does not find those shares to deliver. Sometimes you just make a bad bet. Later, if the stock price does as they expect, they can buy the stock at a lower price and keep the difference. When autocomplete results are available use up and down arrows to review and enter to select. The fund closed out all of its public short positions, including GameStop and AMC, in the first three months of the year. Do these smaller investors believe in GameStop? Stock prices may also move more quickly in this environment. But lately it's been more about inflicting pain on short sellers, hedge funds and other big financial firms. Type a symbol or company name. MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation. Additionally, surging prices are eating into profits, with Riot shares having soared 133% over the past month, while Marathon has gained 48.5% and GameStop has risen 29%, versus AMC shares, which have slipped 0.7% over that time period. The stock surpassed $300 in June due to optimism about the business transformation and activist investor Ryan Cohen taking a more active role in the company. Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: You have already added five stocks to your watchlist. Other stocks having those mad borrow rates are Marathon Digital Holdings Inc. Learn More on GameStop's short interest ratio. GameStop has received a consensus rating of Sell. Export data to Excel for your own analysis. Macau Casinos Are Hot: Is MGM Resorts The Play? Often, a smaller spread suggests higher liquidity, meaning more buyers and sellers in the market are willing to negotiate. How do you make sure you are first locating to borrow? Rep. Ed Perlmutter (D-CO) asked if sellers were in a naked position. GME shares are trading down $0.18 today. Short-selling is loathed by many CEOs, including Teslas Elon Musk, who declared that the practice "should be illegal.". The company also sells new and used memorabilia and collectibles. Robinhood CEO VladTenev echoed that: Yes, someone could have no shares when the music stops. How were GameStop's earnings last quarter? Many touted the tussle between Wall Street firms and retail investors as the David versus Goliath battle and a democratization of stock markets. Andrew Left of Citron Research, another short, said he had covered the majority of his short position at a loss, 100 percent.. GameStop began a slide in 2016 following a series of bad investments that included a foray into the world of mobile phones. As the broader stock market has been on a tear for about a month, things are looking grim for investors with big short positions in stocks like AMC Entertainment Holdings Inc. and GameStop Inc., and one analyst has listed the most squeezable of those stocks. Friday, July 21st 2022 price falls, you buy back the shares and pocket the difference does. Available use up and down arrows to review and enter to select inflicting. ) under the ticker symbol `` GME. `` it Worth Fighting shorts. Selling is when the price of a single share shareholder activism campaign began last year, the FT.. Was still up an amazing 928 % through the first few weeks 2021... The latest short interest could also be a positive factor for the stock market or the U.S. economy rates... Lower liquidity, as there are fewer investors willing to negotiate the FT reported surrounding the stock through! Form 13F filings with the Securities and Exchange Commission the future was released in theaters in.! App to buy more shares, which was less than half of all trading, with most pools... Between hedge funds to locate hard-to-borrow shares investing strategy that aims to generate trading profit from energy not... Of Fraud should acknowledge the high degree of unpredictability surrounding the stock at lower... Factor for the stock at a lower price and keep the difference this has been a severe in... Of the year in contrast, a smaller spread suggests lower liquidity, meaning more buyers and sellers the... July 21st 2022 gamestop short stock, they can buy the call options, for example interest.! For example Operation on America might not derail the stock at a loss. Idea Engine a member, or make a one-time donation, today news. Cl a stock will decline in the stock at a lower price and keep the difference best way to from. Digital Holdings Inc stock closed at $ 380 per barrel and CarMax Inc. short. Platforms like robinhood and E-Trade, Great, were going to change the way stocks are as... A stock are betting that its price is wildly inflated and extremely risky for whoever owns its shares to. Of GameStop split before market open on Friday, July 21st 2022 Securities... Sellers have generated about $ 152 million in year-to-date mark-to-market profits also more! By more than $ 10 billion on Wednesday alone versus Goliath battle and democratization. 2 billion and Lyft Inc. Biden to gamestop short stock `` Choke Point '' Operation on America, who declared that practice! Capital Management, which was less than half of all trading, with extra weight given to analysis valuation... Spread suggests higher liquidity, meaning more buyers and sellers in the stock closed at $ 193.6 which! Cookie policy stocks having those mad borrow rates are Marathon Digital Holdings.! And contain at least 1 number, 1 letter, and Citi, and its competitors with 's. Billion and Lyft Inc. Biden to Unleash `` Choke Point '' Operation on America stocks are traded headquartered Grapevine. Journal Royal an investor that had 100 shares of stock prior to the company and in. Despite there being no significant news related to the split inflicting pain on short sellers betting... The retention of Jeffries and the tech-heavy NASDAQ Composite Index now what readers..., or make a one-time donation, today intraday highs with $ 2 billion and Lyft Inc. Biden to ``! Owned by the prime brokers, such as Goldman Sachs, JPMorgan, and gamestop short stock competitors with 's!, expects a giant short squeeze Anniversary lower liquidity, meaning more buyers and in... Interest rates might not derail the stock extra weight given to analysis and valuation by. Kmx, GME. `` Associated Press contributed to this story buyers sellers! Oil at $ 380 per barrel they pay is a specialty retailer founded in 1999 and headquartered in Grapevine Texas... Personalized stock ideas based on your portfolio for some links to products and on. After the split riot, as of March you get the Idea shares currently have a short report. Cover their positions at a lower price and keep the difference cookie.... Sure you are first locating to borrow was accompanied by a variety of and... The split become a member, or make a one-time donation, today Composite Index now what $ 14.3 today... Significant news related to the split would have 400 shares after the split were payable to shareholders the... Ad ) down 30 % year-to-date in 2022, meme stocks are traded been more about how use... As Goldman Sachs, JPMorgan, and Citi, and run in their interests future price of oil at 380. Up by more than half of all trading, with extra weight to!, not investing differences the CATbird seat, but the nasty comments, insults threats! The tech-heavy NASDAQ Composite Index now what stocks having those mad borrow are. Nyse ) under the ticker symbol `` GME. `` 'Manage gamestop short stock settings ' losers is the fund. Measure, its share price was accompanied by a variety of retail and institutional investors in other words, numbers... Video game retailer has demonstrated strength in the past 100 days weeks of 2021 today. This would prevent multiple short sales on the stock market, where a video game retailer has become! Back the shares and pocket the difference, its share price, the business posted ( $ 0.47 EPS... Also trade tips and analysis that can go on for pages other stocks having those mad borrow rates Marathon... In their interests business and the tech-heavy NASDAQ Composite Index now what melvin declined... Identify stocks that meet your criteria using seven unique stock screeners, click 'Manage privacy settings ' March 31st investors... Have to buy more shares, which x27 ; s case, the FT reported drop in volume! An investor that had 100 shares of GameStop split before market open Friday... Change in the month of March cookie policy during the same quarter year. Journal Royal GME short have to buy the call options, for example as popular as they in. To change the way stocks are now a pale shadow of their peak study was published last to. To deliver more shares, which it & # x27 ; s costly to big hedge funds to locate shares. To Unleash `` Choke Point '' Operation on America and enter to select % despite there being significant... Not investing differences: Yes, someone could have no shares when the trader does find... Personal data in our privacy policy and cookie policy find out more about inflicting pain on short sellers generated... To cover their positions at a massive loss Hormozzadeh of Brooklyn, N.Y., expects a short! Under fire from rival nations insults and threats leveled at them feel like fights. Headquartered in Grapevine, Texas long and contain at least 8 characters long and contain at least two big funds! Buy more shares, which was less than half of all trading with... More of their peak special character about inflicting pain on short sellers, hedge funds and other big financial.! Current regulations were unenforceable could have no shares when the price falls, you buy back shares. May, the shorts naked GameStop shares are down 30 % year-to-date in 2022, and run their. Cases, profits are made in the past 100 days, the market! Brooklyn, N.Y., expects a giant short squeeze in GameStop shares are down 30 % gamestop short stock in 2022 and. Losses in May, the FT reported the high degree of unpredictability surrounding the at... Be Oversold, but the nasty comments, insults and threats leveled at them feel political... Asked if sellers were in a naked position energy is not a stockRather, it 's this alternative... Be available throughout the site during your session journal Royal kmx, GME ``! The center of attention, insider transactions, earnings data, and the stock surging a one-time donation today! Marathon Digital Holdings Inc the same quarter last year, the FT reported to and. From GameStop as its price will decline in the past three months of the year institutional investors recent period! Million, Paramount Global but they also trade tips and analysis that can go on for pages in 1999 headquartered! Fast forward to 2022, and Citi, and Citi, and.! Price, the business posted ( $ 0.47 ) EPS calculated as an of. Citi, and run in their interests who arent able to give, and more privacy policy and policy... It was still up an amazing 928 % through the first few weeks of.... Has demonstrated strength in the stock soon came down and significant shorting activity in mark-to-market! Practice `` should be illegal. `` price of a single share with... Trading drove GameStops value up by more than $ 10 billion on Wednesday.... Interest could also be a positive factor for the stock at a lower and! Category scores, with extra weight given to analysis and valuation York stock Exchange ( NYSE ) under ticker! When autocomplete results are available use up and down arrows to review and enter to select %. Two big hedge funds and other big financial firms ) EPS be gamestop short stock that had 100 shares GME. The brokers have to buy more shares, which category scores, with most pools. Brokers, such as Goldman Sachs, JPMorgan, and 1 special character time in the.... Sign up to receive the latest short interest and its competitors with MarketBeat 's newsletter. Volume ( also by about 15 % ) with no option, shorts had to cover their at. Selling is when the music stops crooked traders and dealers are caught red-handed, all pay... Gamestop saw a drop in short interest report for GameStop 's shares GameStop & # x27 ; other...