GameStop Shares Soar By 70% As Short Seller’s Account Hacked & Children Harassed

GameStop Shares Soar By 70% As Short Seller’s Account Hacked & Children Harassed

3 years ago
Anonymous $y15ULlV7sG

https://wccftech.com/gamestop-shares-soar-70-as-short-sellers-account-hacked-children-harassed/

In a surprising rebound, shares of video game and console retailer GameStop soared during trading as lunch neared on Wall Street. GameStop, which has struggled on the stock market due to consistent losses and and an outdated business model, has seen its shares rise by a staggering 70% today as it gains ~$30 in value per share since trading started today.

Given its balance sheet and operation woes, GameStop became a darling of the short-sellers as total shorted shares as a percentage of GameStop's shares stood at a staggering 103% at the end of December 2020 - a near all-time high in a market that has also seen dogged opposition to any positive prospects bout Elon Musk's electric vehicle darling Tesla Inc. Since then, this percentage has risen to 140% of shorted shares as a percentage of total shares.