January 25 2021 5:00pm

‘Short squeeze’ results in sharp rise in share price for video game retailer Gamestop

Shares of U.S. videogame retailer GameStop were up by over 100% in trading on Monday, on course to reach another record high after having already gained about 250% since the beginning of the year. Traders believe that the reasons for the jump in the shares are short-sellers quickly buying back into the stock to cover potential losses, defined as a short-squeeze, and retail investors piling in to benefit from the surge.

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