“Meme Stock GME Soars Over 88% in Pre-market Trading, Analysis Firm Estimates Short Sellers’ Losses at £1 Billion”

"Meme Stock GME Soars Over 88% in Pre-market Trading, Analysis Firm Estimates Short Sellers' Losses at £1 Billion"

"Meme Stock GME Soars Over 88% in Pre-market Trading, Analysis Firm Estimates Short Sellers' Losses at £1 Billion"

According to a previous report by Zombit, the instigator of the GameStop short squeeze event, Roaring Kitty, has posted on Reddit forum again after three years. In the article he posted today, he displayed a picture implying that he may hold options of GameStop (GME) stocks worth $65.7 million and GME stocks worth approximately $115 million. As a result of this article, GameStop (GME) stock price surged over 88% in pre-market trading compared to last Friday’s closing price.


In response to this, global financial analytics firm ORTEX stated that the total losses for GameStop short sellers from last Friday’s closing until now could potentially reach $1 billion.