Thememe caudex rallytriggered bythe return of “ Roaring Kitty ” to social mediahas toll GameStop Malcolm stock light - sellers more than $ 2 billion in just two days , according to data house S3 Partners .
Ihor Dusaniwsky , S3 ’s managing theater director of predictive analytics , write on X:“After being down $ 862 million in mark - to - market loss yesterday , $ GME [ GameStop ] shorts are down another $ 1.36 billion in mark - to - market losses today . ”
GameStop strain was up 21%Tuesday afternoon as trading was kibosh , after multiple intermission in trading on Monday , whenthe neckcloth closed up 74 % .
Photo: Brendan McDermid (Reuters)
Short - selling is an investment strategy in which a monger take over shares and sells them , with the intent of buying them back afterwards at a lower toll , returning the borrowed shares ( plus sake ) to the lender , and profit off the difference .
Dusaniwsky added that GameStop ’s curt interest is $ 1.92 billion , and that 63.2 million shares have been shorted .
“ We are seeing continued squeeze - relate short covering due to the rebirth of the meme swap , ” he indite .
Additionally , he indite thatAMC stock shorts are down $ 244 million in midday release after strike $ 127 million on Monday .
AMC livestock was trading more 37 % gamy Tuesday afternoon after it was also halted .
This clause originally come out onQuartz .
More on GameStop, AMC, and the meme stocks rally
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It ’s not just GameStop and AMC . These meme stocks are also muster up
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The GameStop meme stock rally helped AMC stock surge 102 % — and the company resurrect $ 250 million
GameStopInternet memeMemeR / wallstreetbetsRedditRobinhoodShort sell
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