Business
‘Reddit Rebellion’ drives GameStop to rally again, while US regulators eye wild trading – Sydney Morning Herald
GameStop short sellers have endured mark-to-market losses of $US19.75 billion so far this year, according to S3 Partners.
Robinhood said late on Friday opening new positions in 50 securities including GameStop is currently allowed, but limited.
Koss Corp was up 53 per cent, but both the headphone maker and GameStop remained below peaks reached earlier this week.
Hedge funds and other short sellers had a bruising week. GameStop short sellers have endured mark-to-market losses of $US19.75 billion so far this year, according to S3 Partners. Even so, the stock remained highly shorted, with $US11.2 billion short interest.
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