Shares of the videogame retailer, along with other stocks favored by retail investors congregating in online forums such as Reddit’s popular WallStreetBets, have roared back in recent sessions after a wild ride in which they soared in late January and tumbled early last month.
At one point, GameStop, which closed at $120.40, reached a session peak of $133.99. Its low for the day was $99.97. The number of GameStop shares shorted stood at 17.74 million, analytics firm S3 Partners said on Monday, with short interest accounting for about 32.6% of the float, compared with about 26% a week earlier, according to S3 Partners. Short interest peaked at 142% in early January, S3 data showed.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: