Is GME stock headed for another short-squeeze?
While GME stock has been volatile over the past 15 months, it still remains notably higher. Over the last two weeks, its stock has dropped almost 24%. Going back even further, though, the stock is up more than 650% since the start of 2021. In that regard, it’s hard to rule out that another short-squeeze is impossible.
Is GME stock too volatile to buy?
While GME stock has been volatile over the past 15 months, it still remains notably higher. Over the last two weeks, its stock has dropped almost 24%. Going back even further, though, the stock is up more than 650% since the start of 2021.
How often does GME report short interest?
Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including GME, twice per month. The most recent reporting period available is June, 30 2021.
What is short selling GameStop (GME)?
Short selling GME is an investing strategy that aims to generate trading profit from GameStop as its price is falling. GameStop's stock is trading down $10.77 today. To short GameStop stock, an investor borrows shares, sells them and buys the shares back on the public market later to return it to the lender.
What percentage of GME is shorted?
Approximately 140 percent of GameStop's public float had been sold short, and the rush to buy shares to cover those positions as the price rose caused it to rise even further.
How much of GME float is shorted?
23.83% of GameStop's floating shares are currently sold short.
Is GME heavily shorted?
GME Is Still Heavily Shorted, A Squeeze Could Be Imminent To sum up, and to repeat what we've said in many of our GME articles over the past few months, short sellers are still playing with fire. And they know it. GameStop's short interest is currently at 21% of its float, with about 14.13 million shares being shorted.
How high can GME short squeeze?
A short squeeze is vigorous and can spike with no warning. This is where you see 100% gains in a matter of seconds and minutes. A short squeeze can even reach 1000% and 10,000% gains.
What is the float for GME?
GameStop's total shares outstanding is 76.34 Mil. GameStop's float percentage of total shares outstanding is 87.90%.
How many GME shares are Drs?
In GameStop's case, the DRS issuer is ComputerShare. According to data provided by GameStop's own management during the last earnings call, about 8.9 million of GME's shares were registered at ComputerShare — that's a 3.7 million increase since the beginning of December 2021.
How do you find out how much a stock is shorted?
For general shorting information about a company's stock, you can usually go to any website with a stock quote service. For more specific short interest info, you would have to go to the stock exchange where the company is listed.
What is GameStop's current short interest?
Short interest is the volume of GameStop shares that have been sold short but have not yet been closed out or covered. As of May 15th, traders have...
What is a good short interest ratio for GameStop?
The short interest ratio, also known as the "days to cover ratio", is calculated by dividing the number of shares of a stock sold short divided by...
Which institutional investors are shorting GameStop?
As of the most recent reporting period, the following institutional investors, funds, and major shareholders have reported short positions of GameS...
What is a good short interest percentage for GameStop?
Companies that have a short interest as a percentage of float below 10% indicates positive investor sentiment and few short sellers. Stocks with a...
Is GameStop's short interest increasing or decreasing?
GameStop saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 15,120,000 shares, an increase...
What is GameStop's float size?
GameStop currently has issued a total of 76,340,000 shares. Some of GameStop's outstanding shares are available for trading, while others are subje...
How does GameStop's short interest compare to its competitors?
23.83% of GameStop's shares are currently sold short. Here is how the short interest of companies in the sector of "retail/wholesale" compare to Ga...
Which stocks are the most shorted right now?
As of the most recent reporting period, the following stocks had the largest short interest positions: Charter Communications, Inc. ($3.79 billio...
What does it mean to sell short GameStop stock?
Short selling GME is an investing strategy that aims to generate trading profit from GameStop as its price is falling. GameStop's stock is trading...
What is GameStop's short interest?
The short interest for GME / GameStop Corp. is 15,123,772 shares.
What is the short interest for GME
The short interest for GME / GameStop Corp. is 15,123,772 shares.
Are dark pool trades counted in short interest?
Dark pools are different from lit trading venues in that there is no pre-trade information such as bid/ask data available. However, once a trade is...
Are short interest figures unreliable because they are self-reported?
Although there are likely some entities that self-report their short interest, most short interest reports are provided by broker/dealers for their...
How many shares of GME / GameStop Corp. were shorted on dark pools?
The most recent dark pool short volume data for GME / GameStop Corp. reported by FINRA was 2,119,733 shares.
Is GME going to short squeeze?
Although it is impossible to perfectly predict short squeezes, Fintel has developed a quantitative model that ranks companies on their likelihood....
What companies are most likely to short squeeze?
Although it is impossible to perfectly predict short squeezes, Fintel has developed a quantitative model that ranks companies on their likelihood....
Does Fintel get it's short data from a single broker?
Fintel sources short interest data from official sources that provide broad coverage of the market. In the United States, these sources are the CBO...
What is short squeeze score?
How often does the SEC update?
The Short Squeeze Score is the result of a sophisticated, multi-factor quantitative model that identifies companies that have the highest risk of experiencing a short squeeze. The scoring model uses a combination of short interest, float, short borrow fee rates, and other metrics. The number ranges from 0 to 100, with higher numbers indicating a higher risk of a short squeeze relative to its peers, and 50 being the average.
What is short volume?
Update Frequency: SEC publishes daily data in batches that are delivered twice monthly and lagged about two weeks. So, for example, daily data for the month of March would arrive on our around mid April.
How often is short interest updated?
GME / GameStop Corp. short volume is shown in the following chart. Short Volume is a data set that can be used to understand investor sentiment. When an investor makes a short sale, they do so with the belief that a security will decline in price. If the short sale volume increases as a percentage of the total volume, then that suggests a bearish (negative) sentiment by the market. If short sale volume decreases as a percentage of total volume, then that suggests a bullish (positive) sentiment.
Is a dark pool trade counted in short interest?
This section uses the official NYSE-supplied short interest and provides some value-added metrics, calculated daily. Short Interest is updated twice monthly on set schedule, but float can be updated more frequently (although it does not change every day), so we provide daily updates of the Short Interest % Float for the last fifteen days. Days To Cover is calculated daily based on the most recent five day trading volume.
Is short interest published monthly?
Are dark pool trades counted in short interest figures? Yes, they are. The primary difference between a dark pool and a lit exchange is that pre-trade information such as bid/ask are not available. However, once a trade is made, dark pool trades are published on the tape and tracked like every other trade. When it is time to report, any open short positions are reported, no matter what type of trading venue those shares were acquired on.
How much of GME stock was shorted?
Note that short interest is published twice-monthly, on a schedule a set by FINRA.
Is short interest still in play?
At its peak, more than 100 percent of GME shares were shorted and hedge funds lost big time. One of the most notorious of these was Melvin Capital, who lost a full 53 percent of its assets under management in January alone.
Is GME on the rise?
With a prominent short interest still in play, retail investors remain dedicated to the cause . For some, that cause might be their own monetization. For others, it's the sheer satisfaction of seeing short sellers get caught in the line of fire.
How much stock did GameStop sell?
With GME on the rise, many people say that the fun is just getting started. Some people suggest that other stocks are taking precedence for investors seeking to combat short sellers. Meanwhile, some people think that investors' enthusiasm will only last so long.
Why did GameStop stock fall?
As of January 31, executives at BlackBerry and GameStop had sold more than $22 million in stock since January 1. There is no allegation of insider trading among BlackBerry executives, according to CBS News. Three BlackBerry executives sold nearly $1.7 million of the company's stock, with one of the executives, Chief Financial Officer Steve Rai, selling all of his shares in the company excepting unvested employee stock options.
What happened to GameStop stock in 2021?
GameStop, an American chain of brick-and-mortar video game stores, had struggled in recent years due to competition from digital distribution services, as well as the economic effects of the COVID-19 pandemic, which reduced the number of people who shopped in-person. As a result, GameStop's stock price declined, leading many institutional investors to short sell the stock. On January 22, 2021, approximately 140 percent of GameStop's public float had been sold short, meaning some shorted shares had been re-lent and shorted again. Analysts at Goldman Sachs later noted that short interest exceeding 100 percent of a company's public had only occurred 15 times in the prior 10 years.
How much did Bitcoin increase in value?
In January 2021, a short squeeze of the stock of the American video game retailer GameStop ( NYSE : GME) and other securities took place , causing major financial consequences for certain hedge funds and large losses for short sellers. Approximately 140 percent of GameStop's public float had been sold short, and the rush to buy shares to cover those positions as the price rose caused it to rise even further. The short squeeze was initially and primarily triggered by users of the subreddit r/wallstreetbets, an Internet forum on the social news website Reddit, although a number of hedge funds also participated. At its height, on January 28, the short squeeze caused the retailer's stock price to reach a pre-market value of over US$ 500 per share, nearly 30 times the $17.25 valuation at the beginning of the month. The price of many other heavily shorted securities and cryptocurrencies also increased.
What is gamma squeeze?
In addition, the price of Bitcoin, the world's largest cryptocurrency, increased 20 percent in value to more than $37,000 after Elon Musk endorsed it in his Twitter bio, partially related to the surge in the GameStop share price by Reddit users. Robinhood then began limiting the trading on Dogecoin.
What is the price of GameStop in 2021?
According to the Financial Times, a "gamma squeeze" also took place in addition to the short squeeze: as traders bet on the rise of stocks by purchasing call options, options sellers hedge their positions by purchasing the underlying stocks (here, GameStop and the related securities), thereby driving their prices even higher.
Who is the CEO of Citadel?
As of January 28, 2021. [update] , the all-time highest intraday stock price for GameStop was $483.00 (nearly 190 times the low of $2.57 reached 9 months earlier in April 2020). In pre-market trading hours the same day, it briefly hit over $500, up from $17.25 at the start of the month.
How much is Gamestop short interest?
During the February 18 hearing held by the House Financial Services Committee, Citadel CEO Kenneth Griffin and Robinhood CEO Vlad Tenev faced questioning regarding their relationship and denied that the limits imposed on the trading of GameStop shares had been requested by Citadel.
What is the percentage of float sold short on GameStop?
GameStop short interest is currently at $5.51 billion, up from $276 million a year ago, making it the 12th biggest U.S. equity short. It's also an extremely crowded short because even as shorts close their positions and buy, there are others ready to initiate new positions.
Why are shorts paying a 31% fee?
The percentage of the GameStop float sold short is at 139.57%, the highest level for any equity worldwide (with short interest over $100 million) and a completely absurd number. (While some say this could be a sign of naked shorting, S3 analysts argue including "synthetic longs" in the float calculation gives a more accurate picture and short interest is closer to 58%.)
How much has GameStop lost in 2021?
Due to the lack of stock borrow supply, existing shorts are paying a 31% stock borrow fee and new shorts are paying an over 80% fee. This shortage/high fees combined with a stock rally makes it difficult for short sellers to keep their positions profitably and creates a prime short squeeze target. 2021 has only brought bad news for the bears in such crowded positions. The 16 stocks that had over 40% of their float sold short at the end of 2020 are up an average of 96% year-to-date, according to Bespoke Investment Group.
What happens when you short a GameStop stock?
Short sellers betting against mall retailer GameStop have lost $5.05 billion mark-to-market in 2021, according to a note published yesterday by S3 Partners when the stock was 16% higher in intraday trading. 1 Up over 600% since the start of the year on a surge of retail investor interest and resulting short squeezes, GameStop closed up 93% yesterday and is set to continue its mind-bending run higher today.
When will GameStop release earnings?
When retail investors continue to buy and hold GameStop stock, short-sellers shorting the stock eventually have to buy back the stock. This demand and supply scenario results in various gamma squeezes.
What is short selling?
GameStop announced that it will be releasing its fourth quarter and fiscal earnings for 2020 on Tuesday, March 23rd after trading hours.
Is Melvin Capital a hedge fund?
Short-sellers are investors who short the stock. Shorting a stock is the process by which sellers essentially bet on the stock price to drop. They borrow stocks at a higher cost and sell the stock low, profiting the difference. How short selling works.
Is GameStop a storm?
Ladies and gentlemen this is massive. Melvin Capital is a hedge fund that has been shorting both GameStop and AMC stock.
Who is the CEO of GameStop?
GameStop has taken the entire internet and finance world by a storm. What is happening nowadays. Retail investors over at r/wallstreetbets have opened Pandora’s Box on short-sellers and hedge fund institutions.
Is GameStop a technology company?
So although GameStop’s CEO George Sherman isn’t fit to pick the company up from the ground up, the company is actively seeking a new CEO to takeover. GameStop could really use a CEO like Adam Aron right now. Adam Aron is the CEO and President of AMC Entertainment.
