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BullNBear52

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BullNBear52

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Monday, 05/13/2024 3:09:48 PM

Monday, May 13, 2024 3:09:48 PM

Post# of 221270
GameStop short sellers have already lost $1 billion from Monday’s monster rally
PUBLISHED MON, MAY 13 202410:40 AM EDTUPDATED 12 MIN AGO
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Yun Li

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Short-selling hedge funds have suffered a mark-to-market loss of $1.02 billion in GameStop by Monday’s morning trading, data firm S3 Partners said.
“Expect short covering in this stock as it already had a 100/100 squeeze score prior to today’s trading,” said Ihor Dusaniwsky, S3 managing director of predictive analytics.
The sudden advance in the stock was seemingly triggered by “Roaring Kitty,” who once encouraged an army of day traders to pile into the gaming stock in 2021.
https://www.cnbc.com/2024/05/13/gamestop-short-sellers-have-already-lost-1-billion-from-mondays-monster-rally.html

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