GameStop Short-Sellers Reload Bets After $6 Billion Loss
- Short interest remains over 100% even as GameStop surges: S3
- Express, BlackBerry also rallying as Reddit craze continues
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Despite a punishing two weeks and relentless chat-room taunting, GameStop Corp. haters are showing no signs of surrender.
GameStop stock equal to 139% of its available shares has been borrowed and sold short, a bearish position showing mark-to-market losses of over $6 billion year-to-date, according to data from financial analytics firm S3 Partners. That figure is little changed since last Thursday’s 141% short-interest reading, even though GameStop shares have surged roughly 78% in the past two days alone.