Risky bet for short sellers.
For short sellers, $GameStop (GME.US)$ planned stock split would force them to buy additional shares before they return their loaned shares.
As the company plans to carry out its stock split by issuing a stock dividend, shareholders who lend their shares to short sellers are still entitled to the dividend from GameStop, while the short seller will have to either repurchase the share before the ex dividend date or pay a dividend to the other party that acquired the shorted stock.
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