What is the current short interest in GME?
GameStop (NYSE:GME) Short Interest History
| Report Date | Total Shares Sold Short | Dollar Volume Sold Short |
|---|---|---|
| 3/31/2021 | 10,700,000 shares | $2.08 billion |
| 3/15/2021 | 10,190,000 shares | $2.70 billion |
| 2/26/2021 | 14,200,000 shares | $1.54 billion |
| 2/12/2021 | 16,470,000 shares | $841.62 million |
Is short squeeze market manipulated?
A “large trader” is one whose trades change prices. These are market manipulation trading strategies. For example, a market corner followed by a short squeeze is one such market manipulation strategy, but there are others.
How do you find short interest?
Short interest is generally expressed as a percentage of the number of shorted shares divided by the total outstanding shares. A company with a 10\% short interest, for example, might have 10 million short shares out of 100 million shares outstanding. Short interest is an indicator of market sentiment.
Do shorted stocks go up?
If an investor shorts a stock, there is technically no limit to the amount they could lose because the stock can continue to go up in value indefinitely.
Is it legal to orchestrate a short squeeze?
As the Securities and Exchange Commission states, however, “a scheme to manipulate the price or availability of stock in order to cause a short squeeze is illegal.” Speaking about the GME short squeeze, Dr Elvis Jarnecic, senior lecturer at the University of Sydney Business School, claims that, “if institutions did …
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 does short interest in GameStop stock mean?
Short interest is the volume of GameStop shares that have been sold short but have not yet been closed out or covered. As of August 13th, investors have sold 7,570,000 shares of GME short. 11.98\% of GameStop’s shares are currently sold short.
Is IronNet (GME) the next meme stock?
Cybersecurity Stock IronNet Is Surging. It Could Be the Next Meme Stock. GameStop (GME) delivered earnings and revenue surprises of -80.95\% and 5.22\%, respectively, for the quarter ended July 2021. Do the numbers hold clues to what lies ahead for the stock? How Will GameStop Traders React to Earnings? Cybersecurity Stock IronNet Is Surging.