GameStop ($GME) short sellers have faced significant losses due to a dramatic surge in the company's stock price. On Monday, the stock soared by as much as 110%, leading to short sellers incurring mark-to-market losses of approximately $1.02 billion, according to data firm S3 Partners. The stock's price move of +92% on the same day further contributed to these losses. Over the past 30 days, 1.4 million new shares have been shorted, worth $24 million. Short interest remains high, with 64.49 million shares shorted, representing 24.16% of the float. Overall, short sellers have lost $1.43 billion in May so far, and $1.8 billion over the last two weeks, including losses from short positions in both GameStop and AMC. The stock experienced 8 LULD halts in the first hour of trading. Despite being up $392 million in Jan-April mark-to-market profits, short sellers have now lost $1 billion in one day.
Short sellers lost almost $1 billion on Monday’s $GME rally https://t.co/HeDktbHSWF
🚨 LATEST: @CNBC reports that with $GME @GameStop's rally today the bears lost roughly $878M. https://t.co/h1gF7f9iye
NEW: @CNBC REPORTS THAT $GME (@GameStop) STOCK SHORT SELLERS “GOT THEIR FACES RIPPED OFF” TODAY - WITH BEARS LOSING ROUGHLY $878M https://t.co/IeRDFw8N4q
GameStop short sellers were up $400 million last month, but now they're down $1.4 billion after the stock nearly tripled in May. https://t.co/nK7MAM4It1
$GME short sellers lost more than $1 billion just from today's huge move... That's gotta hurt https://t.co/1XHSsVkq7Y
BREAKING: Short sellers have now lost $1.8 BILLION on $GME and $AMC short positions over the last 2 weeks. Short seller losses on today’s move alone were $1.2 billion. https://t.co/3lJaVMZl9b
🚨 BREAKING: GameStop Short Sellers Now Down Whopping $1 Billion https://t.co/82iEOU1BJO $GME #GME
Skeptics betting against video-game retailer GameStop $GME are facing a more than $1 billion loss after the company’s share price roughly tripled this month
GameStop short sellers have already lost over $1 billion this morning They've lost $1.43 billion in May so far That didn't take long
Just one hour into Monday’s trading, with $GME soaring as high as 110%, short-selling hedge funds have suffered a mark-to-market loss of $1.02 billion, data firm S3 Partners said. https://t.co/aaU0PIrXul
GameStop short sellers have already lost $1 billion from Monday's monster rally https://t.co/hWPjvue6di
After 8 LULD halts in the first hour, #GameStop, $GME continues up and Short Sellers have now lost $1 Billion in one day. Live Short Interest data shows that Short Interest is still going up. Latest data - https://t.co/SJi6yme1xK https://t.co/nb1iWQpaB5
$GME TODAY'S +92% PRICE MOVE HAS SLAPPED SHORTS WITH -$1.03 BILLION IN MARK-TO-MARKET LOSSES - S3PARTNERS
$GME short interest is $1.13 billion, 64.49 million shares shorted, 24.16% SI % Float. We have seen 1.4 million new shares shorted, worth $24 million over the last 30 days. Shorts were up +$392 million in Jan-April mark-to-market profits. But today's +92% price move has slapped…