One of the most famous, significant and big short squeezes of the 21 century is the sharp rise in the stock price of German car maker Volkswagen AG (XETR: VOW) in 2008. Between 24 and 28 October in that year, the company's share price recorded a 376.65% growth, up from 210.85 to 1005.01 EUR.
The all-time high GameStop stock closing price was 86.88 on January 27, 2021. The GameStop 52-week high stock price is 64.83, which is 100.6% above the current share price. The GameStop 52-week low stock price is 9.95, which is 69.2% below the current share price.
With the stock up some 185% in May, mark-to-market losses for short-sellers has ballooned to $1.4 billion, according to S3 Partners data. Skeptics betting against video-game retailer GameStop Corp. are facing a more than $1 billion loss after the company's share price roughly tripled this month.
The profit on Keith Gill's GameStop trades
It consisted of two parts: 5 million shares of GameStop stock purchased for $21.27, worth approximately $116 million at the time of the post. 120,000 June 2024 $20 call options purchased for about $5.68, worth nearly $66 million at the time of the post.
Citron Capital: Suffered 100% losses on its GameStop positions during the stock's bullish rally. GameStop's Business Dynamics: The article provides insights into GameStop's traditional brick-and-mortar business model, which seemed outdated to many as the gaming industry shifted towards digital purchases.
Some big names lost money on GameStop, but others made a bundle. The same goes for everyday investors — some won, some lost, and plenty were just in it for the casino-like ride. Wall Street is paying more attention to individual investors than it used to, but they're not keeping CEOs up at night, either.
If Gill's Gamestop position hasn't changed since he last made it public in June 2024, he owns 9 million shares, which as of early 2024, would be worth around $275 million. If Gill still holds both of these stock positions, his net worth could be around $580 million.
As of January 28, 2021, the all-time highest intraday stock price for GameStop was $483.00 (nearly 190 times the low of $2.57 reached 9 months earlier in April 2020).
Tesla stock short-sellers just lost more than $5 billion | Fortune.
Who owns the most shares of GameStop Corp (GME)? Vanguard owns the most shares of GameStop Corp (GME).
What Is a Good Short Interest? Short interest as a percentage of float below 10% indicates a positive sentiment. Short interest above that is relatively high, suggesting pessimism in the market about the stock. Short interest above 20% is exceptionally high.
The lowest closing price for GameStop (GME) all-time was $0.64, on February 11, 2003. The latest price is $32.31.
In such a case, they have to compete with each other in a sense, because others are also clamoring to get rid of their stock—and there's no fundamental limit to how high the stock could climb as brokers initiate margin calls forcing shorts to buy to cover.
Even so, the gains posted by Ambrx Biopharma (AMAM) in Friday's session are unusual and particularly eye-catching. The stock soared to the tune of a hardly believable 1007% after the company announced pleasing results from the mid-stage testing of its breast cancer drug ARX788.
GameStop (GME) has a short interest of 31.06 million shares. This marks a -4.14% decrease in short interest from the previous month. The short interest ratio (days to cover) is 3.0, indicating that it would take 3.0 days of the average trading volume of 9.13 million shares to cover all short positions.
From $200 to $500 In Pre-Market Trading
The height of GameStop's stock price came on January 28, 2021. In the middle of the day on that Wednesday, the stock was momentarily worth as much as $483 per share (via New York Times), which is the intraday high for GameStop.
The meme stock leader, who can move the stock by simply posting cryptic messages online, shared a screenshot of his portfolio Monday night, showing he held onto his 5 million shares of GameStop and 120,000 call options even after a 21% rally. He made a whopping $79 million on paper on Monday — a single trading day.
Between 2021–2024, Gill kept a low profile but continued to increase his GameStop ownership. As of June 2024, Gill owns 9 million Class A shares of Chewy, Inc valued at approximately $306 million as of close of business 27 December 2024. Gill's posts were described as "forthright, spreadsheet-laden content".
A beneficial ownership filing with the Securities and Exchange Commission posted Tuesday showed that Roaring Kitty, whose legal name is Keith Gill, had sold all of his shares in Chewy, which amounted to a 6.6% stake.
GameStop has a market cap or net worth of $14.26 billion as of January 10, 2025. Its market cap has increased by 175.12% in one year.
Although short squeezes may occur naturally in the stock market the U.S. Securities and Exchange Commission (SEC) states that abusing short sale practices is illegal. In addition, short sales used to manipulate the price of a stock are prohibited.
On September 28, 2023, Cohen took over as Chief Executive Officer of GameStop. He is receiving no salary for his roles as CEO and chairman.