GameStop Stock is DEAD? GME Stock Breakdown
Now in today's video, we are looking at GameStop Stock! I hope you enjoy the video and any questions let me know!
What is GME?
GameStop Corp. is an American video game, consumer electronics, and gaming merchandise retailer. The company is headquartered in Grapevine, Texas, and is the largest video game retailer worldwide.
The short interest percentage of the total float stands at 16.98%, as of Aug 30 versus a peak of 141% in the first week of 2021, according to financial technology and data firm S3 Partners.
After losing billions of dollars in this fight with retail investors, it looks like the bears are finally throwing in the towel.
The short interest is one of the main reasons why Redditors liked GME stock in the first place. They saw this as an excellent opportunity to teach Wall Street a lesson. Despite the gaming industry racking up double-digit growth, GME has struggled for several years now.
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