CHPT - Shorts Surge

2024-05-13 20:55:00 ET

Summary

• Thanks to a single tweet marking the return of the poster child of 2021's meme stock mania, shares of GameStop are back in the news thanks to a soaring share price.
• The stock that was at the center of the 2021 short squeeze is once again flying, with gains of well over 70% in today's session.
• Whereas the average Russell 1,000 stock is up 31 bps today, the average gain of the 100 most shorted members is 3.5%.

Thanks to a single tweet marking the return of the poster child of 2021's meme stock mania, shares of GameStop ( GME ) are back in the news thanks to a soaring share price. As shown below, the stock that was at the center of the 2021 short squeeze is once again flying with gains of well over 70% in today's session....

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