GameStop Short Sellers Nursing $11 Billion in Losses This Year - Ortex-To The Moon - Tiger Brokers Online Investing Community

12
Comment
Favorite

GameStop Short Sellers Nursing $11 Billion in Losses This Year - Ortex

TheStreet2021-03-10

GameStop, one of the most heavily bet-against stocks on Wall Street, has handed short-sellers $11 billion in losses so far this year, according to data from Ortex. GameStop (GME) shares extended their...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

No comments yet

Most Discussed

7x24

All

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/1169016055?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2021-03-10 15:13","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1169016055","market":"us","top_or_hot":-1,"title":"GameStop Short Sellers Nursing $11 Billion in Losses This Year - Ortex","media":"TheStreet","content":"<div>\n<p>GameStop, one of the most heavily bet-against stocks on Wall Street, has handed short-sellers $11 billion in losses so far this year, according to data from Ortex.\nGameStop (GME) shares extended their...</p>\n\n<a href=\"https://www.thestreet.com/investing/gamestop-short-sellers-nursing-11-billion-in-losses-ortex\">Source Link</a>\n\n</div>\n","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>GameStop Short Sellers Nursing $11 Billion in Losses This Year - Ortex</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGameStop Short Sellers Nursing $11 Billion in Losses This Year - Ortex\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-10 15:13 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.thestreet.com/investing/gamestop-short-sellers-nursing-11-billion-in-losses-ortex><strong>TheStreet</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>GameStop, one of the most heavily bet-against stocks on Wall Street, has handed short-sellers $11 billion in losses so far this year, according to data from Ortex.\nGameStop (GME) shares extended their...</p>\n\n<a href=\"https://www.thestreet.com/investing/gamestop-short-sellers-nursing-11-billion-in-losses-ortex\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"GME","symbol_name":"游戏驿站","start_time":0,"source_url":"https://www.thestreet.com/investing/gamestop-short-sellers-nursing-11-billion-in-losses-ortex","article_id":"1169016055","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1169016055","pubTimestamp":1615360382,"sourceInfo":null,"weMediaInfo":null,"summary":"GameStop, one of the most heavily bet-against stocks on Wall Street, has handed short-sellers $11 bi","collect":0,"end_time":0,"defaultTopTitle":"thestreet.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"GME":"游戏驿站"},"translate_title":"游戏驿站卖空者今年亏损110亿美元","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GME":0.9},"content_text":"GameStop, one of the most heavily bet-against stocks on Wall Street, has handed short-sellers $11 billion in losses so far this year, according to data from Ortex.\nGameStop (GME) shares extended their recent gains Tuesday, tagging short-sellers with more than $11 billion in losses so far this year as the retailer's meteoric rise continues to punish its many detractors.\nData published from research and analytics group Ortex estimates year-to-date losses for investors betting against GameStop shares at $11 billion. Short interest in GameStop shares remains active, according to data from S3 Partners, with bets against the stock tabbed at $1.888 billion, or 27.7% of the outstanding float.\nGameStop, for its part, has had very little to say about the Reddit-fueled powering of its share price, which hit an all-time high of $483 and are now up more than 1,000% since January 12, when the company reached an agreement with Cohen's RC Ventures LLC to re-structure its board and focus on digital sales and not simply \"remain a videogame retailer that overprioritizes its brick-and-mortar footprint and stumbles around the online ecosystem.\"\nGameStop did say Monday, however, that has created an inter-company committee, which includes Cohen, to \"identify initiatives that can further accelerate the Company’s transformation\" that includes hiring a chief technology officer, two executive to lead e-commerce and fulfillment functions and forming a search committee for a new CFO.\nBloomberg reported Monday that Cohen will lead the group's shift towards e-commerce and online sales, a move that follows the announced departure of CFO Jim Bell late last month.\nGameStop shares were marked 17.5% higher in late-morning trading Tuesday and changing hands at $228.50 each. The stock has been rising for six of the past seven trading sessions, extending a run that now values the money-losing video game retailer at around $17 billion.\nThe surge in GameStop shares, along with a host of other so-called 'meme stocks' such as AMC Entertainment AMC Bed, Bath & Beyond BBBY and Kohl's Corp. KSS ultimately lead to a Congressional hearing into the nature of short-selling, retail trading and the influence of online chatrooms on market transparency.\nA recent note from Deutsche Bank, however, suggests further gains could follow with the passage of President Joe Biden's $1.9 trillion COVID relief package later this week.\nAnalysts at the bank say around $150 billion of the $1,400 stimulus checks, which will be sent to around 85% of American households in the weeks ahead, will find its way back into domestic stock markets.","kind":null,"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":[],"hasMoreComments":false,"newsSizeData":{"likeSize":12,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}