zoe24 avatar

Gamestop- What happens next?

zoe24

Published: 01 Feb 2021 › Updated: 01 Feb 2021Gamestop- What happens next?

Gamestop- What happens next?

Observations on Gamestop bet today.

grafik.png

After-hours GME price is now at $180, started the day at $325.
According to this article from February 1, 27.13 million shares are still in short position, which corresponds to a short interest of 8.82 billion.

According to this page, the short position on January 15 was 61.87 million shares, representing a short interest of 11.96 billion, at a price of $193 at that time.

So half of the short position has already been cleared, the price jumps upwards in the chart at the start of trading on January 27-29 are clearly visible.

On January 27, the price before the start of trading was about $150.

How can it be that the price from January 27 to today has risen by only 30$, when over 30 million shares were bought to offset short positions and a huge hype is going on on Reddit?

Did big investors sell their long positions, did small investors who got in before January 27 take their profits?

What do you think?

I am not a trader and this is not financial advice.

Leave Gamestop- What happens next? to:

Written by

Read more #stocks posts


Best Posts From zoe24

We have not curated any of zoe24's posts yet. But you can encourage our curation team to review posts by visiting them regularly and by referring other readers. Because we give priority to frequently read content.

More Posts From zoe24