| Avg Vol (3 month) 3 | 4.53M |
|---|---|
| Float 8 | 62.49M |
| % Held by Insiders 1 | 17.98% |
| % Held by Institutions 1 | 28.41% |
| Shares Short (Dec 15, 2021) 4 | 8.61M |
Is GME stock still shorted?
25 rows · Apr 11, 2022 · Short interest is the volume of GameStop shares that have been sold short but have not yet been ...
How much of GameStop's stock is shorted?
Shares Short (Mar 30, 2022) 4: 12.25M: Short Ratio (Mar 30, 2022) 4: 1.83: Short % of Float (Mar 30, 2022) 4: 26.42%: Short % of Shares Outstanding (Mar 30, 2022) 4: …
How often does GME report short interest?
Feb 28, 2022 · In depth view into GameStop Percent of Shares Outstanding Short including historical data from 2002, charts and stats. ... View Percent of Shares Outstanding Short for GME. Access 4000+ stock metrics covering valuations, financials, risk, returns and more. ...
What happened to GME's short sellers?
Jan 20, 2022 · The company recently reported that it has 8.61 million shares sold short, which is 13.67% of all regular shares that are available for trading. Based on its trading volume, it …
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 covered or closed out. As of February 28th, traders...
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 drop in short interest during the month of February. As of February 28th, there was short interest totaling 11,710,000 shares, a dro...
What is GameStop's float size?
GameStop currently has issued a total of 76,351,000 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?
18.59% 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. ($5.96 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 11,713,653 shares.
What is the short interest for GME
The short interest for GME / GameStop Corp. is 11,713,653 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 710,125 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...
Why did GameStop stock fall?
What happened to GameStop 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 does George Sherman own?
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 ...
Who owns GameStop?
GameStop CEO George Sherman owns over 2.3 million shares in the company, according to Bloomberg News. These shares were worth $44 million on December 31, but reached $1.1 billion when GameStop's stock reached $469, briefly making him a billionaire, before the value of his stock dropped to $901 million on January 29.
Is GameStop undervalued?
However, investor Michael Burry, who had acquired a 3.3-percent stake in GameStop in 2019, criticized the short squeeze, stating that "there should be legal and regulatory repercussions", and adding "this is unnatural, insane, and dangerous".
What is gamma squeeze?
However, in September 2020, Ryan Cohen (the former CEO of online pet food retailer Chewy) revealed a significant investment in GameStop and joined the company's board, leading some to believe that the stock was undervalued. Similarly, investor Michael Burry acquired a 3.3-percent stake in GameStop in mid-2019.
How much stock did GameStop sell?
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.
What percentage of GME shares are shorted?
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.
Who's shorting GME?
With share value on the rise once again—although this time more steadily—GME watchers might wonder what the deal is with shorted shares. At its peak, more than 100 percent of GME shares were shorted and hedge funds lost big time.
GME's stock forecast
We don't know exactly who's buying shorted shares for GME, but we do know that people (or companies) are still buying the shares. On Feb. 12, someone sold 16.47 million shares short for $1.68 billion. It probably isn't the original hedge funds that held mega shorted stakes, considering that they lost a ton of their money.
WallStreetBets is still loyal
Frankly, I didn't expect GME stock to recover from its January peak as much as it has. After dropping 83.54 percent during the first business week of February, I presumed the deal was done. However, in the two weeks since Feb. 23, the shares have risen 406.58 percent—and they're still on the rise.
Overview
Background
Short sellingis a finance practice in which an investor, known as the short-seller, borrows shares and immediately sells them, hoping to buy them back later ("covering") at a lower price, return the borrowed shares (plus interest) to the lender and profit off the difference. The practice carries an unlimited risk of losses, because there is no inherent limit to how high a stock's price can rise. …
Timeline
In January 2021, Reddit users on the r/wallstreetbets subreddit built the foundations for a short squeeze on GameStop, pushing up the stock price significantly. This occurred shortly after a comment from Citron Research predicting the value of the stock would decrease. The stock price increased 1,500 percent by January 27 over the course of two weeks, and its high volatility caused trading to be halted multiple times. According to Dow Jonesmarket data, more than 175 million s…
Impact on involved entities
Short sellers who had bet against GameStop suffered large losses as a result of the short squeeze.
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. Citadel LLC and firm partners then invested $2 billion into Melvin, while Point72 …
Other affected assets
Apart from GameStop, many other heavily shorted securities (as well as securities with low short interest) saw increases in their prices:
Prices may be higher during extended-hours trading.
The shares of GME Resources, an Australian mining company with Australian Securities Exchange(ASX) symbol GME, increased more than 50 percent during intraday trading, closing with a 13.3-…
Aftermath
On January 27, 2021, White House press secretary Jen Psaki said that Treasury Secretary Janet Yellen and others in the Biden administration were monitoring the situation. Yellen convened a meeting of financial regulators, including the heads of the U.S. Securities and Exchange Commission, Federal Reserve, Federal Reserve Bank of New York and the Commodity Futures Trading Commission, t…
Reactions
A variety of politicians and commentators across the political spectrum made statements in support of those driving up the price of GameStop and other stocks, as well as against Robinhood and other companies' decision to limit these trades, including Representative Alexandria Ocasio-Cortez, Senator Ted Cruz, Representatives Ro Khanna, Ted Lieu, and Rashida Tlaib, Fox Business host Charles …
See also
• Cryptocurrency bubble – Speculative bubble regarding cryptocurrency prices
• Everything bubble
• Philip Falcone – businessman who performed a short squeeze in 2012
• Greater fool theory – Theory that the price of an object is determined by consumer demand