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$GameStop (GME.US)$ Many of its investors have bought into t...

$GameStop(GME.US)$ Many of its investors have bought into the company during its meme stock rally and they're hoping the split impacts short-sellers especially hard. GameStop's stock remains heavily shorted with over 26% of its float sold short.

Because splits don't change anything, a short-seller will just be buying back more shares, but each one at a lower cost. But because splits are seen as bullish indicators, many stocks will rise in the aftermath, which could cause short-sellers to cover their position, igniting a short squeeze.
$GameStop (GME.US)$ Many of its investors have bought into the company during its meme stock rally and they're hoping the split impacts short-sellers especially...
It hasn't been enough of a spark yet, however, to cause any rally.
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