GameStop Extends Pullback With Short Interest and Volume Sinking

Bloomberg2021-02-02

(Bloomberg) -- GameStop Corp.’s spectacular rally unwound further Tuesday, pulling other recent favorites of Reddit speculators down with it, after bearish investors appeared to cover their positions ...

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Comments

geraldwwx
2021-02-03
geraldwwx
Come on
Sandy92
2021-02-03
Sandy92
Oh oh
HLPA
2021-02-03
HLPA
Great
Sammy5289
2021-02-03
Sammy5289
omg
killuz
2021-02-03
killuz
Hahaha
- Lzoakz:
  Hahaha
Paulie13
2021-02-03
Paulie13
?????

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That trimmed its year-to-date advance to 771%. AMC Entertainment Holdings Inc. slid 17% on Tradegate versus the U.S. close.GameStop tumbled for the second time in three sessions Monday as trading volume slowed to about a third the amount of the past five sessions after last week’s sharp gains. The decline came as short interest plunged to 53% of the available shares, from more than 140% just last month, according to data from financial analytics firm S3 Partners.Read more: GameStop Short Interest Plummets in a Sign Traders Are Covering“Even if the open short interest remains solid, the fading momentum could prevent another large move to the upside,” Ipek Ozkardeskaya, a senior analyst at Swissquote, said in written comments. “On the other hand, going short on GameStop shares would demand very solid nerves, which would prevent the stock from plummeting by more than necessary.”Restrictions on the amount of shares investors can buy using the popular trading app Robinhood Markets Inc. likely held retail traders at bay. The platform loosened restrictions on Monday afternoon to allow users to purchase a limit of 20 shares of GameStop. 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The mania spread to companies like AMC Entertainment, which saw record volatility as trading volumes soared last week.“The rise of the Reddit factor is something that is going to be with us in the future, it’s an additional factor that all hedge fund managers should cope with,” said Alberto Tocchio, a portfolio manager at Kairos Partners.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":314115230,"gmtCreate":1612318519320,"gmtModify":1704869673694,"author":{"id":"3555322280934257","authorId":"3555322280934257","name":"geraldwwx","avatar":"https://static.tigerbbs.com/bccdb31724278699a26408ea1426d1d2","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"3555322280934257","authorIdStr":"3555322280934257"},"htmlText":"Come on&nbsp;","listText":"Come on&nbsp;","text":"Come 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