GME股票价格的大幅上涨，做空者可能面临平仓压力
$GameStop (GME.US)$ GME short sellers may be forced to close their positions - ORTEX Jun. 03, 2024 9:18 AM ETGameStop Corp. (GME) StockBy: Monica L. Correa, SA News Editor74 Comments Gamestop store sign Dennis Diatel Photography/iStock Editorial via Getty Images Buying pressures during the GameStop Corp. (NYSE:GME) rally may force short sellers to give up their positions to stop losing money. GameStop Corp. (GME) is up 2.34% from yesterday, up 109.41% from a month ago, and so far, up 32% year-to-date. Short selling has taken over $1B losses today. This movement started after investor Keith Gill -- known for this TheRoaringKitty social media username -- said he had more than 5M shares of the stock, the second-largest shareholder after Ryan Cohen, and the fifth-largest shareholder overall. “When a highly shorted stock like GameStop (GME), with almost 20% of its free floating shares shorted, has a sudden price increase, short sellers are losing money, and quickly,” analysts from English financial institution ORTEX wrote in a note. To stop losing money, they said, a short seller would have to close their position, and to do that, they would have to buy the shares, adding additional buy pressure to the stock, resulting in further price increases. Also, after GameStop (GME) issued 45M more shares, the percentage of shorted shares is down. Utilization is also down (at 54.97% from 90.15% a month ago). The cost to borrow is also down at 2.75%, compared to more than 10% at the peak in May, the note said. “This situation enables short sellers to hold on to their positions for longer without incurring significant daily interest costs for the securities loan,” analysts said. “However, depending on how high the price of GameStop (GME) goes, and how long it stays there, additional margin pressure from the lenders may force short sellers to consider closing their positions.”
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Moxij : If more short sellers, mean there are higher rise to the price soon. This is good.