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GameStop shares are jumping again, but short sellers aren’t backing down


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2021 Jan 26, 6:54am   14,633 views  214 comments

by zzyzzx   ➕follow (7)   💰tip   ignore  

https://www.cnbc.com/2021/01/26/gamestop-shares-are-jumping-again-but-short-sellers-arent-backing-down.html

GameStop’s short interest stands steadily at 139%, unchanged from a week

Interesting read on how a messageboard found a stock shorted at > 100% of the stock, so they decided to collectively buy the stock, hoping to make money off a short squeeze.

IMO, gambling, not investing, but I should add it to my watch list to see what happens.

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213   HeadSet   2021 Jun 23, 8:37am  

zzyzzx says
White Square Capital said in a recent letter to investors it would shut down its main fund and return capital

I presume that this "return of capital" to investors will be a fraction of what those investors put in.
214   zzyzzx   2023 Sep 28, 8:21am  

https://finance.yahoo.com/news/ryan-cohen-named-gamestop-ceo-123317063.html

(((Ryan Cohen))) named GameStop CEO

Every single time!!!

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