Friday October 30, 2020

Gamestop shorts climb on downloading fears

As short sellers boost their bearish wagers against GameStop to the highest level in America, the world’s largest video-game retailer may find its best hope with a private equity buyer.

29th November, 2011

As short sellers boost their bearish wagers against GameStop to the highest level in America, the world’s largest video-game retailer may find its best hope with a private equity buyer.

Almost 47 million, or 34 per cent, of GameStop’s shares are currently shorted, the most of any company in the Standard & Poor’s 500 Index, according to data compiled by Bloomberg and Data Explorers. Speculators sold borrowed stock on the assumption prices will...

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