GameStop: Ditch It, The Short Squeeze Is Over

Jun. 29, 2021 4:38 PM ETGameStop Corp. (GME)357 Comments
The Asian Investor profile picture
The Asian Investor
17.3K Followers

Summary

  • GameStop’s short interest ratio declined 19% compared to the previous settlement date.
  • GameStop’s short interest ratio, based on float, is now the third-highest of the meme stocks, but it is much lower than it was in January.
  • The short squeeze is over but GameStop remains massively overvalued.

New York during the COVID-19 emergency.
Massimo Giachetti/iStock Editorial via Getty Images

GameStop (NYSE:GME) has seen a decrease in its short interest ratio in June, but the short squeeze is likely over. GameStop's short interest is now comparable to the short interest of other meme stocks and

Chart
Data by YCharts

This article was written by

The Asian Investor profile picture
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I look for high-risk, high-reward situations. Five largest portfolio holdings: AMD, Micron, Alibaba, Ethereum, PayPal. Early buyer of cryptocurrencies. I live in Thailand :)

Disclosure: I am/we are long WISH. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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