AIRLINK 186.95 Increased By ▲ 0.14 (0.07%)
BOP 12.51 Increased By ▲ 0.34 (2.79%)
CNERGY 7.17 Increased By ▲ 0.06 (0.84%)
FCCL 37.10 Increased By ▲ 0.02 (0.05%)
FFL 14.52 Decreased By ▼ -0.17 (-1.16%)
FLYNG 25.30 Decreased By ▼ -0.29 (-1.13%)
HUBC 131.20 Decreased By ▼ -0.53 (-0.4%)
HUMNL 13.15 Decreased By ▼ -0.10 (-0.75%)
KEL 4.20 Decreased By ▼ -0.01 (-0.24%)
KOSM 5.90 Decreased By ▼ -0.07 (-1.17%)
MLCF 45.80 Increased By ▲ 0.15 (0.33%)
OGDC 200.75 Increased By ▲ 1.31 (0.66%)
PACE 5.99 Decreased By ▼ -0.05 (-0.83%)
PAEL 38.05 Increased By ▲ 0.46 (1.22%)
PIAHCLA 17.00 Decreased By ▼ -0.02 (-0.12%)
PIBTL 7.85 Increased By ▲ 0.09 (1.16%)
POWER 10.78 Increased By ▲ 0.02 (0.19%)
PPL 171.15 Increased By ▲ 0.61 (0.36%)
PRL 33.05 Increased By ▲ 0.14 (0.43%)
PTC 22.59 Decreased By ▼ -0.72 (-3.09%)
SEARL 95.84 Increased By ▲ 0.22 (0.23%)
SILK 1.09 Increased By ▲ 0.02 (1.87%)
SSGC 31.06 Increased By ▲ 0.84 (2.78%)
SYM 17.60 Increased By ▲ 0.12 (0.69%)
TELE 8.04 Increased By ▲ 0.02 (0.25%)
TPLP 12.04 Increased By ▲ 0.31 (2.64%)
TRG 61.35 Decreased By ▼ -0.91 (-1.46%)
WAVESAPP 11.76 Decreased By ▼ -0.03 (-0.25%)
WTL 1.49 Increased By ▲ 0.02 (1.36%)
YOUW 3.93 Increased By ▲ 0.06 (1.55%)
AIRLINK 186.95 Increased By ▲ 0.14 (0.07%)
BOP 12.51 Increased By ▲ 0.34 (2.79%)
CNERGY 7.17 Increased By ▲ 0.06 (0.84%)
FCCL 37.10 Increased By ▲ 0.02 (0.05%)
FFL 14.52 Decreased By ▼ -0.17 (-1.16%)
FLYNG 25.30 Decreased By ▼ -0.29 (-1.13%)
HUBC 131.20 Decreased By ▼ -0.53 (-0.4%)
HUMNL 13.15 Decreased By ▼ -0.10 (-0.75%)
KEL 4.20 Decreased By ▼ -0.01 (-0.24%)
KOSM 5.90 Decreased By ▼ -0.07 (-1.17%)
MLCF 45.80 Increased By ▲ 0.15 (0.33%)
OGDC 200.75 Increased By ▲ 1.31 (0.66%)
PACE 5.99 Decreased By ▼ -0.05 (-0.83%)
PAEL 38.05 Increased By ▲ 0.46 (1.22%)
PIAHCLA 17.00 Decreased By ▼ -0.02 (-0.12%)
PIBTL 7.85 Increased By ▲ 0.09 (1.16%)
POWER 10.78 Increased By ▲ 0.02 (0.19%)
PPL 171.15 Increased By ▲ 0.61 (0.36%)
PRL 33.05 Increased By ▲ 0.14 (0.43%)
PTC 22.59 Decreased By ▼ -0.72 (-3.09%)
SEARL 95.84 Increased By ▲ 0.22 (0.23%)
SILK 1.09 Increased By ▲ 0.02 (1.87%)
SSGC 31.06 Increased By ▲ 0.84 (2.78%)
SYM 17.60 Increased By ▲ 0.12 (0.69%)
TELE 8.04 Increased By ▲ 0.02 (0.25%)
TPLP 12.04 Increased By ▲ 0.31 (2.64%)
TRG 61.35 Decreased By ▼ -0.91 (-1.46%)
WAVESAPP 11.76 Decreased By ▼ -0.03 (-0.25%)
WTL 1.49 Increased By ▲ 0.02 (1.36%)
YOUW 3.93 Increased By ▲ 0.06 (1.55%)
BR100 11,765 Increased By 1.2 (0.01%)
BR30 34,615 Increased By 64.7 (0.19%)
KSE100 111,826 Increased By 82.2 (0.07%)
KSE30 34,816 Increased By 9.6 (0.03%)
Markets

Number of GameStop shares shorted falls by over half in week

  • GameStop had 27.13 million shares shorted, down 35 million over the prior week, according to Ihor Dusaniwsky, managing director of predictive analytics at S3 Partners.
  • Still, GameStop short interest stood at $8.82 billion as of Friday, making it the sixth-biggest short by value, according to S3.
Published February 1, 2021

NEW YORK: The number of GameStop shares that were shorted fell by over half in a week as short sellers covered their bets, analytics firm S3 Partners said on Monday, although the video game retailer remained a highly shorted stock.

GameStop had 27.13 million shares shorted, down 35 million over the prior week, according to Ihor Dusaniwsky, managing director of predictive analytics at S3 Partners.

Still, GameStop short interest stood at $8.82 billion as of Friday, making it the sixth-biggest short by value, according to S3.

GameStop shares soared 400% last week alone as the stock became a prime focus of a battle between small traders and big institutions betting against the stock.

As of early Monday trading, short sellers had mark-to-market losses of $13.38 billion in GameStop so far this year, according to S3 Partners, although those losses were mitigated somewhat as the stock was down early in the session.

"Fundamental and momentum shorts have incurred very large mark-to-market losses and they have been squeezed out of their positions," Dusaniwsky said. "We saw over the last couple of days some serious short covering in the name."

Comments

Comments are closed.