Video game retailer GameStop (GME) shares were once strongly inserted, but the whole week still rose 400%, short-selling shares of hedge funds of large investors so heavy losses, but most seem not willing to surrender.
According to S3 Partners statistics, short selling GME hedge funds so far booked an astronomical loss of $19.75 billion (about 154 billion Hong Kong dollars), of which Friday (29) accounted for $8 billion. However, the information also pointed out that light friends continue to hold GME short-selling positions or new hedge funds to join the short-selling ranks, so that GME’s short-selling positions in the past week only reduced by about 5 million shares or 8%.
In addition, the majority of GME’s short-selling unwinding activity occurred on Thursday (28), when the stock price fell for the first Time in six days.
Ihor Dusaniwsky, S3’s managing director for forecasting and analysis, said that although there is constant news that most of the GME short-selling transactions have been closed, this is not true at all, and the figures actually show that the net short-selling position has not changed much.
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