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

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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...

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}\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":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"hasMoreComments":false,"newsSizeData":{"likeSize":12,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}