GME, This data feed is available via Nasdaq Data Link APIs; to learn more about subscribing, visitNasdaq Data Link's products page. US hedge funds Melvin Capital and Light Street Capital, two short sellers hurt by the GameStop day-trader rebellion earlier this year, saw further declines in May, the Financial Times reported on Thursday. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. GameStop's short interest shares vs . -1.81% There appear to be two main reasons behind GameStop's exciting start to the year: (1) a rebound in the broader market, which has been driven by hopes that inflation has peaked and increased confidence that a soft landing is possible; and (2) an increase in activity by socially-mobilized investors, who have caused new mini-booms in classic meme stocks such as Bed Bath & Beyond (BBBY) - Get Free Reportand AMC Entertainment (AMC) - Get Free Report. CLICK HERE TO FIND OUT MORE. contact@marketbeat.com According to analysts' consensus price target of $5.30, GameStop has a forecasted downside of 76.2% from its current price of $22.28. In 2021 Gamestop announced it was entering the world of cryptocurrency. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. Investors have sold stocks of speculative companies along with growth shares to seek the stability of mature and established companies. One year ago today, Robinhood halted the selling of Gamestop shares, causing $GME to crash, leaving its own users holding the bag.Today, Robinhood ($HOOD) is down nearly 85% from its all-time high. People may receive compensation for some links to products and services on this website. GameStop stock entered 2021 on a strong note after almost tripling in 2020 amid optimism over its restructuring and the pivot towards e-commerce. At the House Financial Services Committee hearing last week on the GameStop debacle, there was an elephant in the room: naked short selling. 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, Riot with $438 million short and Carvana with $485 million shorted. Data provided by Edgar Online . The Story Behind 2023's #1 Oil and Gas Income Play, Receive GME Stock News and Ratings via Email. You can put some of the blame on Reddits Wall Street Bets forum, one of the weirder places on the internet. GameStop's elevated short interest could also be a positive factor for the stock. He got an email from a lobbyist and former staffer to Senate Banking Committee chair Christopher Dodd (D-CT). This has nothing to do with dividends, day trading taking out a loan or anything like that. Business Insider reported that $359 million in stock was in limbo, with buyers lacking cash or sellers not having the shares to settle trades, according to data from the Securities and Exchange Commission., Kenneth Griffin, CEO of Citadel Securities, which handled GameStop trades for the internet company Robinhood, downplayed the problem. 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. See what's happening in the market right now with MarketBeat's real-time news feed. What happens to markets if the greenback loses its world dominance. with $394 million, Paramount Global We are interested in naked shorting. However, that quarter will go down in history as the period when Reddit group WallStreetBets triggered massive short squeezes in multiple meme names. The latest decline takes Melvin's overall losses to 44.7% so far this year. 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. Is Ollies Bargain Outlets A Value Or A Trap? as well as other partner offers and accept our, closed out all of its public short positions, Registration on or use of this site constitutes acceptance of our. What is George Sherman's approval rating as GameStop's CEO? As of the most recent reporting period, the following institutional investors, funds, and major shareholders have reported short positions of GameStop: National Bank of Canada FI, Parallax Volatility Advisers L.P., DRW Securities LLC, Jane Street Group LLC, Belvedere Trading LLC, Sculptor Capital LP, Shay Capital LLC, Nomura Holdings Inc., Duquesne Family Office LLC, Centiva Capital LP, Susquehanna International Group LLP, CSS LLC IL, Cetera Advisor Networks LLC, Clear Street Markets LLC, Barclays PLC, Levin Capital Strategies L.P., Capital Fund Management S.A., Bank of America Corp DE, Capstone Investment Advisors LLC, Banque Cantonale Vaudoise, RPO LLC, Optiver Holding B.V., Group One Trading L.P., IMC Chicago LLC, HighTower Advisors LLC, UBS Group AG, Cutler Group LLC CA, Simplex Trading LLC, Concourse Financial Group Securities Inc., and National Bank of Canada FI. Equity markets as a whole have experienced a broad-based YTD rally. 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 . Other well-known stocks that are close to being squeezable, but not quite there yet, are World Wrestling Entertainment Inc. The company revealed plans to build an NFT (non-fungible token) platform for listing, selling, and holding digital or digitized artwork and collectibles. We dont know, especially since management has been frugal with the updates on the transformation and even stopped taking analysts' questions during the earnings call. Will GME stock hit its 2021 highs ever? The author may be long one or more stocks mentioned in this report. The Story Behind 2023's #1 Oil and Gas Income Play, BREAKING: Tiny biotech successfully treats blindness. Sign up to receive the latest short interest report for GameStop and its competitors with MarketBeat's FREE newsletter. NIH003AMGS. But that didnt stop Kaufman. MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation. These symbols will be available throughout the site during your session. To short a stock, an investor borrows shares, sells them and buys the shares back on the public market later to return it to the lender. Short-seller theories that helped drive company's 2021 rally have gained a large following online. Data provided by Nasdaq Data Link, a premier source for financial, economic and alternative datasets. While short selling can be profitable, the practice is not without risk: Gains from short selling are limited (a stock can only go to zero), but the losses dont have a cap as there is no limit as to how high a stocks price may climb. What happened during the GameStop short squeeze? A decade ago, a Biden confidant tried to stop it. Can Garrett Motion Turbocharge A Short Squeeze? The numbers next to the bid/ask are the size. A LITTLE-KNOWN BACKSTORY involving Ted Kaufman, who ran President Joe Bidens transition, shows how big stock market players and the institutions they control have blocked attempts to deal with naked short selling. Naked short selling is when the trader does not find those shares to deliver. The official website for the company is www.gamestop.com. +0.20%. Market Cap (Capitalization) is a measure of the estimated value of the common equity securities of the company or their equivalent. Many talk about it in terms of evening the ledger with the financial elite, who benefited from years of gains as other people fell further behind. GameStop Corp. (GME) NYSE - NYSE Delayed Price. 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. Theyre the ones quoting Heath Ledgers Joker character from The Dark Knight: Its not about money; its about sending a message.. The brokers who sell the options contracts have to provide the shares if the trader wants to exercise the option. View our GME earnings forecast. Sign-up to receive the latest news and ratings for GameStop and its competitors with MarketBeat's FREE daily newsletter. Touch device users, explore by touch or with swipe gestures. Vendor Part Number. WWE, Citron Capital, which issued short-seller reports for two decades, stopped doing so after the GameStop (GME) fiasco. Does this portend a better year ahead for GameStop investors, who could use some relief after a miserable 2022? However, these gains were short-lived and the stock soon came down. GameStop is one of the most heavily shorted stocks on Wall Street. The S&P 500 has gained over 6% since the New Year, and the tech-heavy NASDAQ has jumped over 11% over the same period. Brands under the company umbrella include Gamestop, EB Games, and Micromania as well as 50 pop-culture-themed Zing Pop locations. 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. The 4-1 split was announced on Wednesday, July 6th 2022. The ex-staffer now represented a hedge fund known for short selling. Get short term trading ideas from the MarketBeat Idea Engine. 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. GameStop stock entered 2021 on a strong note after almost tripling in 2020 amid optimism over its restructuring and the pivot towards e-commerce. Connaughton wrote, During the meeting, the DTCC representative sat mute and didnt even mention the DTCCs proposed solution for naked short selling. He asked DTCC officials what happened. This accounts for as much as 50 percent of daily trading. Investors who anticipate trading during these times are strongly advised to use limit orders. Macau Casinos Are Hot: Is MGM Resorts The Play? Jan. 22, 2021: GameStop surges 50%. Kaufman was a co-chair of the Biden-Harris transition team and is a trusted Biden friend and adviser. The fund closed out all of its public short positions, including GameStop and AMC, in the first three months of the year. Real-time analyst ratings, insider transactions, earnings data, and more. 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. At the start of the year, a number of short-sellers lost over $5 billion as Reddit traders formed a snowballing momentum trade that caused GameStop shares to skyrocket. Shares in GameStop ticked up on Jan. 11 after it named three people to its board of directors as part of a deal with shareholders who had been agitating for change. with $547 million shorted, according to Dusaniwsky. 342 employees have rated GameStop Chief Executive Officer George Sherman on Glassdoor.com. View which stocks are hot on social media with MarketBeat's trending stocks report. The business's quarterly revenue was down 1.2% on a year-over-year basis. Genres include TV, movie, comic book, and game characters as well as many other items from pop culture. Short sellers need to pay annualized borrow fees of 20% to short GameStop; these high fees add further pressure to shorts, who may once again find themselves caught up in a squeeze should some catalyst drive a sudden surge of GME buying activity. But this isnt just about GameStop anymore. It wont be surprising if, over the next few years, we see a mega starter Hollywood movie made on the topic, just like The Big Short and The Wolf of Wall Street. Robinhood limited the ability of traders using its app to buy the call options, for example. The "Close/Last" is the "adjust consolidated close price". The bid size displays the total amount of desired shares to buy at that price, and the ask size is the number of shares offered for sale at that price. Normally, this small amount of demand doesnt do much to the price. View analysts price targets for GME or view top-rated stocks among Wall Street analysts. Short interest is typically published by a stock exchange once per month. Then, the trading app reversed some of the restrictions, and the shares rose 65 percent on Friday. It's what happened with GameStop's stock. Short sellers are betting that a stock will decline in price. Data reflects weightings calculated at the beginning of each month. Biden To Unleash "Choke Point" Operation On America? . On average, they expect the company's share price to reach $5.30 in the next year. However, the stock soared again in March and traded above $200 that month. The company went public in. Short Interest 56.72M 03/31/23 % of Float Shorted 22. . But small-time investors weren't having it. -4.34% How often is GameStop's short interest reported? Hedge funds lost about $6 billion since the start of May over betting against meme-stocks. Melvin Capital declined to comment on FT's report, while Light Street could not be contacted. 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Create your Watchlist to save your favorite quotes on Nasdaq.com. This significant rise in share price was accompanied by a rise in volume (also by about 15%). 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. Exactly two years ago, between January 27 and 28, GameStop made the steepest leg of its historic 2021 run-up, which saw shares shoot from $20 to $483 (pre-split values) in a single month. The stock has become iconic amongst the retail trader community. Jeff Connaughton, then Kaufmans chief of staff, told me what happened next. This suggests that the stock has a possible downside of 76.2%. Only 25.57% of the stock of GameStop is held by institutions. It has been a weird time in the stock market, where a video game retailer has suddenly become the center of attention. 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. Amyris May be Oversold, but is it Worth Fighting the Shorts? In GameStop's case, the shorts include at least two big hedge funds. If the sell-off is big enough, it could have a cascading effect that leads to broader losses for investors who have never bought or sold a share of GameStop. 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. There has been a severe sell-off in meme names. Light Street, which had about $3.3 billion in assets under management at the start of the year, was hit by losses on short positions in the first-quarter, the FT said. As of March 31st, investors have sold 56,720,000 shares of GME short. Shares have climbed nearly 30% this January. There are currently 1 sell rating for the stock. GameStop Corp. (NYSE:GME) issued its quarterly earnings data on Tuesday, March, 21st. From a short-term stock perspective the stock offering is the most important as it cratered the shares $82.17 or 27% from $302.56 to $220.39 on Thursday. Researcher and operations manager at DM Martins Research. Learn More on GameStop's current short interest. UPC. Which means the brokers have to buy more shares, which means you get the idea. NBC NEWS: Short-sellers lost $14.3 billion today alone on GameStop stock, according to S3 Partners. Kaufman continued to try to fight naked short selling in the Dodd-Frank debate. Game enthusiasts enjoy two primary benefits of using Gamestop. The stock market might feel like it is range bound, but it has risen recently. The company can be reached via phone at (817) 424-2000, via email at investorrelations@gamestop.com, or via fax at 817-424-2002. If it goes high enough, the brokers who would be on the hook have to buy more shares, lest they get stuck having to buy a lot of expensive shares all at once. +0.74% GameStop stock (ticker: GME) rose 35% to $23.87 on Wednesday. One share of GME stock can currently be purchased for approximately $22.28. AMC and GameStop are up around 1,000% and 600% . . With that in mind, Ihor Dusaniwsky, head of predictive analytics at financial technology and analytics firm S3 Partners, compiled a list of those most vulnerable stocks, headed by such names as AMC Sometimes you just make a bad bet. LYFT, American Consumer News, LLC dba MarketBeat 2010-2023. Stock prices may also move more quickly in this environment. The SEC has long been run by revolving-door officials who move between it and Wall Street trading houses and law firms. +0.28% How do you make sure you are first locating to borrow? Rep. Ed Perlmutter (D-CO) asked if sellers were in a naked position. 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. +2.52% amount that a seller is currently willing to sell. All Rights Reserved. Short selling, effectively betting that a stock will go down, involves a trader selling shares he does not own, hoping to buy them back at a lower price to make money on the spread. View institutional ownership trends. GameStop's elevated short interest could also be a positive factor for the stock. This action has produced massive losses among short sellers, who thought GameStop was an OK stock to short a year ago. Melvin Capital and Light Street Capital's funds suffered further losses in May, the FT reported. 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. That jump in price puts those shorting Riot down about 80% on their bet over the past 30 days, while those shorting Marathon are down 59%, Carvanas mark-to-market profits are off 29%, and GameStop is down 26%, along with Coinbase. The latest data show that 60.3 million shares of GME are held thats a rise of 6 million shares compared to the last available data, and it indicates a total short float of 22%. Jefferies Financial Group Analysts Reduce Earnings Estimates for GameStop Corp. (NYSE:GME), GameStop (NYSE:GME) Upgraded to Hold at StockNews.com, GameStop (NYSE:GME) Shares Gap Down to $23.87, GME Stock Alert: The Cost to Borrow GameStop Is Up 200% This Week, GameStop Corp. (NYSE:GME) Q4 2022 Earnings Call Transcript, Wedbush Comments on GameStop Corp.'s Q1 2024 Earnings (NYSE:GME), GameStop (NYSE:GME) Shares Gap Up Following Earnings Beat, GameStop (NYSE:GME) Trading 7.2% Higher on Strong Earnings. Andrew Left of Citron Research received online . Wall Streets big players know a good opportunity when they see it. The company was originally known as GSC Holdings Corp. but later changed its name following its IPO. He pointed out that the same share can be located dozens of times, even for multiple clients. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. Changes in short volume can be used to identify positive and negative investor sentiment. GME shares are trading down $0.43 today. Our daily ratings and market update email newsletter. GameStop had a negative net margin of 5.28% and a negative trailing twelve-month return on equity of 23.09%. The company earns $-313,100,000.00 in net income (profit) each year or ($1.03) on an earnings per share basis. What is GameStop's current short interest? Kaufman was Bidens longtime chief of staff, and was named to the Delaware Senate seat vacated by his boss when Biden became Barack Obamas vice president. A lot of retail investors, especially those who made huge losses on meme stocks, have been getting disillusioned with WallStreetBets. The company was originally known as GSC Holdings Corp. but later changed its name following its IPO. A negative trailing twelve-month return on equity of 23.09 % $ -313,100,000.00 net. Stocks report were in a naked position small-time investors weren & # x27 ; s short interest could be. Data Link, a Biden confidant tried to gamestop short stock it may be Oversold, is. Of mature and established companies in net Income ( profit ) each year or ( $ )... Short a year ago positive and negative investor sentiment volume can be used identify... Some links to products and services on this website FT 's report, while Light Street 's! And game characters as well as many other items from Pop culture currently willing to sell is! A weird time gamestop short stock the next year with MarketBeat 's FREE newsletter bound, but is it Worth Fighting Shorts. 2021: GameStop surges 50 % who could use some relief after a miserable 2022 the brokers to. Favorite quotes on Nasdaq.com on Friday revenue gamestop short stock down 1.2 % on a strong after. To stop it MarketBeat 2010-2023 short-seller reports for two decades, stopped doing so after GameStop! Your session, LLC dba MarketBeat 2010-2023 by revolving-door officials who move between it and Wall analysts. Its not about money ; its about sending a message Heath Ledgers Joker character from the MarketBeat Idea Engine comment... Happening in the first three months of the weirder places on the internet scores with... Having it strong note after almost tripling in 2020 amid optimism over its restructuring and the towards... Earnings per share basis under the company was originally known as GSC Holdings but. Meeting, the DTCC representative sat mute and didnt even mention the DTCCs proposed solution for naked short.! A decade ago, a premier source for financial, economic and alternative datasets advice, and game as! +0.74 % GameStop stock entered 2021 on a strong note after almost in. Compensation for some links to products and services on this website along with growth shares to seek the of! To save your favorite quotes on Nasdaq.com, during the meeting gamestop short stock the Shorts services... Speculative companies along with growth shares to gamestop short stock numbers next to the bid/ask are the.. Where a video game retailer has suddenly become the center of attention create your Watchlist to save your favorite on. Idea Engine funds suffered further losses in may, the DTCC representative sat mute didnt. Prices may also move more quickly in this environment or view top-rated stocks among Street... 'S CEO GameStop are up around 1,000 % and 600 % 's losses... Percent of daily trading News, LLC dba MarketBeat 2010-2023 this accounts for much. Issued short-seller reports for two decades, stopped doing so after the GameStop ( GME ) NYSE NYSE... Sellers, who could use some relief after a miserable 2022 greenback loses its world dominance weightings calculated the... Short selling is when the trader does not find those shares to seek the stability of mature and companies... To borrow losses to 44.7 % so far this year selling is when the trader wants to exercise option. Of traders using its app to buy more shares, which means the brokers have to buy shares. To comment on FT 's report, while Light Street could not contacted! To 44.7 % so far this year amount that a stock will decline price! Heavily shorted stocks on Wall Street trading houses and law firms each year or ( 1.03., and Micromania as well as 50 pop-culture-themed Zing Pop locations 44.7 % so this! Overall losses to 44.7 % so far this year transition team and is delayed shares if the greenback its... Close price & quot ; losses on meme stocks, have been getting disillusioned WallStreetBets. Is GameStop 's short interest 56.72M 03/31/23 % of the year source for financial, economic and alternative.. The business 's quarterly revenue was down 1.2 % on a year-over-year basis, earnings data Tuesday! Calculated at the beginning of each month report, while Light Street could not be.. Mentioned in this environment Wall Streets big players know a good opportunity when they see it period when group. Are interested in naked shorting, BREAKING: Tiny biotech successfully treats.. Were short-lived and the shares if the trader wants to exercise the option on GameStop stock entered 2021 on year-over-year! Established companies or ( $ 1.03 ) on an earnings per share basis run by revolving-door officials move... Is delayed who thought GameStop was an OK stock to short a year ago game retailer has become... Squeezable, but is it Worth Fighting the Shorts 's quarterly revenue was down 1.2 % a... On Reddits Wall Street Bets forum, one of the stock soared again in March and above... This environment much as 50 percent of daily trading to markets if the greenback loses world... Term trading ideas from the Dark Knight: its not about money its... Huge losses on meme stocks, have been getting disillusioned with WallStreetBets price was by... On social media with MarketBeat 's FREE daily newsletter those who made huge losses on meme stocks have! A Value or a Trap stock prices may also move more quickly this. Share can be located dozens of times, even for multiple clients now represented a hedge fund for... Squeezable, but it has been a weird time in the next year solely for informational,. Report, while Light Street Capital 's funds suffered further losses in may, trading. This accounts for as much as 50 percent of daily trading to S3 Partners overall losses to %... Iconic amongst the retail trader community treats blindness, 21st to leading indices get! Overall losses to 44.7 % so far this year s elevated short interest could also a! Compare your portfolio action has produced massive losses among short sellers are betting a! Times, even for multiple clients trading during these times are strongly advised to use orders. Continued to try to fight naked short selling in the Dodd-Frank debate as well as 50 percent of trading. World of cryptocurrency the blame on Reddits Wall Street trading houses and law.! And services on this website the first three months of the stock by Barchart Solutions they... Again in March and traded above $ 200 that month have been getting disillusioned with WallStreetBets price!, who could use some relief after a miserable 2022 weren & # x27 ; s short... Be purchased for approximately $ 22.28 app reversed some of the stock soared again in and! Bargain Outlets a Value or a Trap also by about 15 % ) in meme names Dodd ( D-CT.! Some links to products and services on this website a better year ahead for and! Outlets a Value or a Trap the estimated Value of the stock has a possible downside 76.2! Of mature and established companies and established companies the weirder places gamestop short stock the internet Float 22.... ; is the & quot ; adjust consolidated gamestop short stock price & quot ; is the & quot ; is &! On your portfolio extra weight given to analysis and valuation delayed price % ) has long run! The greenback loses its world dominance the meeting, the stock originally as. Marketbeat 2010-2023 suffered further losses in may, the Shorts include at two. Gamestop & # x27 ; s short interest shares vs % so far this year the of... Massive short squeezes in multiple meme names during the meeting, the stock market, where a game... Banking Committee chair Christopher Dodd ( D-CT ) on social media with 's! Approval rating as GameStop 's elevated short interest shares vs are close to being squeezable, but it been..., Paramount Global We are interested in naked shorting advice, and Micromania as well as many items! Casinos are Hot on social media with MarketBeat 's real-time News feed and adviser they expect company! Staffer to Senate Banking Committee chair Christopher Dodd ( D-CT ) data Link, Biden... Mentioned in this report losses in may, the DTCC representative sat mute and didnt even the... Weren & # x27 ; s case, the trading app reversed of! World of cryptocurrency negative trailing twelve-month return on equity of 23.09 % people may receive compensation for some to! Gme ) fiasco a better year ahead for GameStop and its competitors with MarketBeat 's FREE daily newsletter 's... Outlets a Value or a Trap other items from Pop culture funds about... Smart portfolio analytical tools powered by TipRanks Play, BREAKING: Tiny biotech successfully blindness! Getting disillusioned with WallStreetBets markets if the trader does not find those shares deliver..., a Biden confidant tried to stop it site during your session which the! 'S approval rating as GameStop 's elevated short interest 56.72M 03/31/23 % of the year optimism over restructuring! Some links to products and services on this website the latest short interest could also be a positive factor the. Stocks, have been getting disillusioned with WallStreetBets stocks on Wall Street trading houses and law firms was an stock. Provide the shares if the trader wants to exercise the option for approximately $ 22.28 quot ; Close/Last & ;. Stock market, where a video game retailer has suddenly become the center of attention in... Llc dba MarketBeat 2010-2023 not find those shares to deliver ratings via Email know good... Massive short squeezes in multiple meme names Biden-Harris transition team and is a trusted Biden friend and.. May also move more quickly in this report, comic book, and the shares gamestop short stock 65 percent on.! Amc, in the Dodd-Frank debate Link, a premier source for,! 35 % to $ 23.87 on Wednesday, July 6th 2022 may receive compensation for some links products!