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GameStop stock soars more than 60% in apparent short squeeze, but analyst points to another reason – MarketWatch

‘A long-buying tsunami … is the primary factor for the price move,’ short-selling expert from S3 says



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GameStop Corp.
shares soared Wednesday in an apparent short squeeze, but one analyst who specializes in information on short selling doesnt think thats the case. GameStop shares surged more than 60% Wednesday which would be its largest one-day percentage gain ever, according to Dow Jones data more than a week after short interest on the videogame retailers stock exceeded the number of shares outstanding. At last check, more than 125 million shares had traded hands in the days session,…

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