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GameStop

Number of GameStop shares shorted edges lower
Markets

Number of GameStop shares shorted edges lower

  • The number of shares shorted fell to 25.86 million from 26.39 million a day earlier, according to S3.
  • GameStop shorts are down $8.83 billion in realized and unrealized losses so far in 2021, according to S3.
Published 04 Feb, 2021 09:01pm
Number of GameStop shares shorted falls by over half in week
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 01 Feb, 2021 09:35pm
Europe's 'long the short' trade cools down
Markets

Europe's 'long the short' trade cools down

  • That so-called "long the short" trade - or buying shares that hedge funds had shorted - was copied in other stocks across the world.
  • Germany's Evotec, for example, has seen its shares fall about 25% from last Wednesday's high.
Published 01 Feb, 2021 08:59pm
Reddit is coming for silver. A short squeeze? Unlikely
Business & Finance

Reddit is coming for silver. A short squeeze? Unlikely

  • Spot silver vaulted as high as $30.03 an ounce on Monday from $25 on Thursday morning.
  • An early post, which quickly spread across social media, encouraged buying of iShares Silver Trust, an exchange traded fund (ETF) whose shares represent ounces of silver sitting in vaults.
Published 01 Feb, 2021 08:49pm
Silver price leaps more than 7pc to highest since August
Markets

Silver price leaps more than 7pc to highest since August

  • Since mid last week, thousands of Reddit posts and hundreds of YouTube videos have encouraged small investors to buy silver, partly in the belief that lifting its physical price could hurt large investors who had made paper bets that it would fall.
Published 01 Feb, 2021 09:14am
GameStop shares may be up 350pc, but investors love the 50-cent options
Markets

GameStop shares may be up 350pc, but investors love the 50-cent options

  • For a stock that has rocketed about 350% in five sessions, why is the most hotly traded options contract at the 50-cent level?
  • Some traders may now be selling puts at these high prices, hoping to buy them back at a lower price if volatility falls, pocketing the difference, said Henry Schwartz, head of product intelligence at Cboe.
Published 29 Jan, 2021 09:04pm
After plunge, GameStop and AMC remain Reddit darlings
Business & Finance

After plunge, GameStop and AMC remain Reddit darlings

  • GameStop and AMC Entertainment Holdings slumped on Thursday after Robinhood Markets Inc and Interactive Brokers restricted trading in several social-media darling stocks that had soared this week.
  • Wallstreetbets has ballooned in recent days to 4.8 million members. Many of those people have piled into stock heavily bet against by professional short sellers.
Published 29 Jan, 2021 09:02pm