herein lies the danger for retail buyers at this point:
The losses haven't been realized - they're estimates based on data provided by lenders, brokers, and dealers. But they give a sense of the scale of the hit to hedge funds and other short-sellers. Melvin Capital and Citron Research both said this week that they had closed their short positions, but they did not disclose any losses incurred. Ortex estimated that the number of GameStop shares being shorted had fallen from about 79,000 on January 13 to fewer than 39,000 as of Thursday.