with substantial short positions against the stock. The share price has since fallen back and is now trading just over $40.
Short-selling is a trading strategy that enables investors to capitalize on the depreciation of a stock by borrowing a share and selling it at current market value with a view to repurchasing them at a lower price in future. GameStop used to be the most shorted stock on the market, with 138% of its float shares in short positions, but the soaring share price forced a number of short-sellers to close out their positions, in some cases at substantial losses.
According to FactSet data, the bricks-and-mortar video game remains the seventh-most shorted stock stateside, with short interest at 39.29% of the company's float.
Pro Funny Story Tomorrow Or the Next Day... Some Of You Institutional Investors Get 'Jammed Up' By the Retail Investors!! Ah-Haha-ha Then, Have to Cover Your Short Positions... Ah-Haha-ha Just Making Sport I Know Some Billionaires Can Sell Stock Just to Burn a Speculator's Ass
Pro Oh, I Dont Short Stocks Cause Could Be Detrimental to the Business. How Bout That Jack In the Boxes I'm Talking About the Ones That Care About Retail Traders Making Bets Going Long...While When Things Go South Short Stocks Until They Cant Borrow No More.