Re:Gaming the system: How GameStop stock surged
by patleeman on Tuesday January 19, 2021 @09:22PM
(#25841838)
I think its the combination of the extremely high number of short shares (71M) vs shares outstanding (69M), the stock hitting an all time low in March ($2.57), poor public sentiment ("its the next blockbuster"), and then the addition of Ryan Cohen (a "Rockstar" entrepreneur) all making for a really epic turn around underdog story.
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