The New York Stock Exchange (NYSE) imposed short restrictions on sale (SSR) on Gamestop after its size rose to levels that reminiscent of the famous short pressure of 2021 in Gamestop.
Gamestop (GME) – the total number of shares sold in a specific time frame – increased by 234 % over 24 hours, reaching 30.85 million shares sold on March 27, According to To TradingView Data.
SSR begins when the stock decreases more than 10 % of the closing price the day before. Gamestop fell by 22 % during the trading day, achieving 12 % profit from Bitcoin advertisement and then some of them, According to To Google Finance Data.
At the time of publication, GME was traded at $ 22.09.
Gamestop shorts size near short pressure levels 2021
The rule is applied for the rest of the trading day and the next trading day. The head of wealth Malon and CEO Kevin Malon He said In a publication on March 27 x that “Gamestop trading 50x shares today more than last Thursday. Statistically not possible without the short nude sale.”
The exposed sales volume of Gamestop 30.88 million on March 27. Source: Tradingvief
The number is close to the levels that were reached in January 2021 when Gamestop shares became famous in the meteorite after “short pressure” of the shares, causing great losses to hedge funds and other sellers, while some retailers have achieved great returns.
The highest point was reached during that month 33.26 million shares on January 19.
Buy Bitcoin Gamestop is “Dot-Comish”
Gamestop did not specify the amount of Bitcoin that planned to buy it, but after the markets were closed on March 26, the company announced a $ 1.3 billion -dollar transfer offer.
However, some analysts and commentators of the Gamestop plan questioned the start of bitcoin. Talk to Yahoo finance On March 27, the founder and CEO of Tastylive Tom Sosnoff said that Gamestop's decision to purchase Bitcoin feels “small few”.
source: Hans Aquamatu
“It looks like it is somewhat similar to, oh, I will throw Com Dot at the end of my name, I will buy some Bitcoin with our extra money because we cannot find a company that will be issued,” Sawnov said.
Meanwhile, Brett Kinwell, US investment analyst at ITORO, told Reuters on March 27 that “investors are not necessarily optimistic about basic business.”
The largest day of short sales still goes to Keith Gil's return
The largest day of sales is still from June 3, 2024, when it reached 46.20 million.
This was soon at the time Keith Gill, a shares trader known as Gamestop Short Squeeze in 2021, revealed on June 2 that he began trading Gamestop shares again, this time with $ 180 million to play with it.
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Gamestop said that the transformable upper notes – the debts that can be converted later into royal rights – will be used for public companies, including obtaining bitcoin.
Some analysts believe that the convertible notes that make an advertisement as a reason for the decrease in the arrow.
Han Aquamatu He said In a publication on March 27 x that Gamestop shares are declining for the same reason that the previous Microstrategy strategy declined after making convertible notes.
“In 2021, MSTR issued $ 1.05 billion of 0 % transfer notes, the shares decreased after the announcement due to short pants, but later exploded when Bitcoin exploded and unwindly,” Akamatso said: “
“GME follows the same scheme now … If GME or BTC rises a lot, the trade becomes very enjoyable as we have a chance to click here.”
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This article does not contain investment advice or recommendations. Each step includes investment and risk trading, and readers must conduct their own research when making a decision.