Shares & Derivatives
Gamestop’s (NYSE:GME) Short Squeeze Madness: 3 Things You Can Learn From GME’s Price Going up 345% in 3 Weeks
By Seedly  •  January 26, 2021
About four months ago, GameStop’s (NYSE: GME) stock price was just $6. It was also one of the most shorted stocks in the U.S. stock market, with more than 138% of its traded/float shares sold short. P.S. More than 100% of a stock’s floated shares can be shorted like this: For example, a listed company has 20 outstanding float shares. Broker W holds a long position on 20 shares. Broker X then borrows shares from broker W and sells short to broker Y. Broker can then borrow another 20 shares from broker Y and sell short to broker Z. As a result, there are not 40 shares sold short on the 20 outstanding shares. But that all changed. After a 209% rally in 2020, Gamestop (NYSE: GME) is now up 345% year to date. Source: Google The stock jumped as much as 145% on Monday (25 Jan 2021) in a turbulent trading session with nine trading halts....
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By Seedly
Launched in 2016, Seedly helps users make smarter financial decisions with its budgeting app which allows its 40,000 users to sync up their financial accounts and better manage their cash-flow. Last year, we introduced a new community feature which allows users to crowdsource knowledge from peers before making a financial decision.
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