[London, 5th Reuters]–Financial analysis firm Oltex announced on the 5th that a hedge fund short-selling the stock made a profit of $ 3.6 billion this week due to a plunge in the stock price of US game sales game stop.
Regarding GameStop stocks, the stock price temporarily rose by 2400% in January due to the enthusiastic buying of individual investors. Many short-selling hedge funds were forced to buy back, losing a total of $ 12.5 billion in January.
However, the stock price peaked out with the round of buybacks, down 90% from last week’s high of $ 483.
The stock price of AMC Entertainment Holdings, a major US movie theater chain that is also being bought by individual investors, has also fallen sharply from last week’s highs, and according to Ortex data, the hedge is short-selling the stock. The fund’s profits reached $ 430 million at the closing price on the 4th.
In Europe, Nokia’s short-selling fund is said to have made a profit of $ 126 million.
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