Gamestop, AMC short sellers sit on nearly $1 billion loss - Ortex

Reuters2021-05-18

LONDON, May 18 (Reuters) - Investors are estimated to have lost $930 million on their short positions in meme stocks GameStop and AMC Entertainment over the last five trading days, data from financial analytics firm Ortex showed on Tuesday.

Shares in GameStop, which was at the heart of the so-called "stonks" retail trading mania earlier this year, have risen by a third in the last one week, while shares in cinema operator AMC are up 39%.

Ortex said short interest in AMC is currently estimated to be 18.3% of freefloat and in GME it is estimated at 21.8% of freefloat.

Yesterday alone, short-sellers lost over $200 million each in both of those stocks, Ortex data shows. GameStop closed 13% higher at $180.6, the highest level since April 30.

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Comments

  • Leonster10
    2021-05-20
    Leonster10
    To da mutha fooking moon...eat cheese on the moonq
  • MoneyLaiLai
    2021-05-18
    MoneyLaiLai
    Let them have a taste of their own medicinethey deserve it ??
  • janelie
    2021-05-18
    janelie
    Wow!
  • Jj1985
    2021-05-18
    Jj1985
    Seems like the retail investors are the ones manipulating the market now. Pot calling the kettle black. Someday all these have to end. Nothing more than a game. 
  • KamenRider
    2021-05-18
    KamenRider
    $GameStop(GME)$$AMC Entertainment(AMC)$tthis is a distraction, buy hodl all the way until shorting stops, hedgies bur n and we achieve the ultimate high score. 
  • JarenSin
    2021-05-18
    JarenSin
    It's the time for us retail investors to shine...again!
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