$GameStop(GME)$ +110% in pre-market.
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Yesterday, $GameStop(GME)$ short sellers lost almost $1 billion in Monday’s monster rally.
The jaw-dropping rally in GameStop on Monday caused losses approaching $1billion for short sellers, according to data from S3 Partners.
With GameStop soaring 74%, short-selling hedge funds suffered a mark-to-market loss of $838 million in the brick-and-mortar video game retailer, data firm S3 Partners said.
“Expect short covering in this stock as it already had a 100/100 squeeze score prior to today’s trading,” said Ihor Dusaniwsky, S3 managing director of predictive analytics.
Managing Director of Predictive Analytics. S3 Partners LLC, Financial Analytics Firm
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