[New York / London 1st Reuters]–The number of short-selling US game sales gamestops has fallen by more than half in the past week, according to a survey by financial analysis firm S3 Partners.
The number of short-sold shares was 27.13 million as of January 29, a decrease of 35 million from the previous week. On the other hand, the short-selling balance is $ 8.82 billion, which is still the sixth highest on a monetary basis.
GameStop shares soared 400% last week alone. The price has risen by 1600% since the beginning of the year.
Short-selling investors have had a market value loss of $ 13.38 billion since the beginning of the year on the morning of the 1st. “We’ve had quite a few short covers (buy-backs) in the last few days,” said an S3 executive.
Under these circumstances, according to financial analysis firm Oltex, the loss of hedge funds due to the short squeeze of GameStop shares has been $ 12.5 billion since the beginning of the year. The balance of stock lending is 5.9 billion dollars, which accounts for 49% of the total floating stock.
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