![]() ![]() The scoring model uses a combination of short interest, float, short borrow fee rates, and other metrics. The opinions expressed in this article are those of the writer, subject to the Publishing Guidelines. The Short Squeeze Score is the result of a sophisticated, multi-factor quantitative model that identifies companies that have the highest risk of experiencing a short squeeze. On the date of publication, Eddie Pan did not hold (either directly or indirectly) any positions in the securities mentioned in this article. Earnings should provide a glimpse into this development. The video game retailer launched an NFT marketplace and wallet this summer. Under the leadership of CEO Matt Furlong, GameStop has placed an emphasis on fulfillment capabilities, customer service and, interestingly, non-fungible tokens (NFTs). In the past ten days, 2.5 call options for GME have been bought for every put option purchased on three options exchanges. Options traders appear to be bullish as well. In the case of a positive EPS reading, though, GME stock should soar higher. Based on analyst estimates, its likely the company will not have been profitable during Q2 either. ![]() Per Barron’s, GameStop has not reported a profitable quarter since the end of January 2021. Over the past five quarters, GameStop has also exceeded revenue estimates four times. What’s more, GME has closed lower five times following the day after earnings for its past eight earnings reports. To short a stock, an investor borrows shares, sells them and buys the shares back on the public market later to return it to the lender. At the current short interest of 20.84%, it would take 4.4 days to fully cover the short volume. Short selling GME is an investing strategy that aims to generate trading profit from GameStop as its price is falling. GME short interest has fallen by 11% compared to the reading on July 31. GME Stock: GameStop to Report Earnings After the Market Close But on the other hand, in the event of a positive catalyst like an earnings beat, it could also send GME stock higher short sellers would have to capitulate and cover their positions by buying shares of the underlying stock. ![]() On one hand, it indicates that many market participants believe the stock will fall. Short interest can be perceived as both bullish and bearish. As a result, a beat on earnings could send shares climbing. That’s equivalent to 53.25 million shares short, or a monetary short value of $2.11 billion. However, the stock does still carry a significant short interest as a percentage of float of 20.84%. ![]() Meanwhile, shares of GME stock have fallen by more than 15% in the past five trading days. GME short interest is now 11.20 billion 57.83M shares shorted 113.31 SI Float 53.12 S3 SI of float which includes the synthetic longs created by. During the same period last year, GameStop reported revenue of $1.18 billion and an EPS loss of 19 cents. Across the board, analysts expect revenue of $1.27 billion - implying year-over-year (YOY) growth of 7% - and an earnings per share (EPS) loss of 38 cents. The GME short squeeze has shed light on some important issues going forward related to the use of social media platforms to promote a particular company’s stock, the ability of short sellers to short over 100 of a float and publish short reports on a particular company, broker dealers being undercapitalized in periods of high. #Gme short float fullNext short squeeze reddit.GameStop (NYSE: GME) is in full focus as the company gets ready to report second-quarter earnings after the market close today. ![]()
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