Short Interest Update on Gamestop Corporation (GME)

Gamestop Corporation (GME) has 30,758,606 shares of shorts outstanding as on August 15, 2016, with 14 days left to cover or roll them over. On Jul 29, 2016, the open interest of short positions was 31,784,588 shares. The stock has a decent trading volume of 2,234,958 shares daily. The marginal decrease in the short positions is by -3.2%, which amounts to -1,025,982 shares. Short positions are 30.2% of the available float. The short interest information was released on Wednesday Aug 24th after the market close.

Gamestop Corporation (NYSE:GME): The stock opened at $32.13 on Wednesday but the bulls could not build on the opening and the stock topped out at $32.41 for the day. The stock traded down to $31.62 during the day, due to lack of any buying support eventually closed down at $31.71 with a loss of -1.18% for the day. The stock had closed at $32.09 on the previous day. The total traded volume was 2,714,735 shares.


In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Gamestop Corp., Shern Stephanie M had sold 1,769 shares worth of $55,175 in a transaction dated March 29, 2016. In this transaction, 1,769 shares were sold at $31.19 per share.

GameStop Corp. is a multichannel video game, consumer electronics and wireless services retailer. The Company operates its business in four Video Game Brands segments: United States, Canada, Australia and Europe, and a Technology Brands segment. The Video Game Brands segments include 6,206 stores, 4,138 of which are included in the United States segment. There are 331, 421, and 1,316 stores in the Canadian, Australian and European segments, respectively. Each of the Video Game Brands segments consists primarily of retail operations, with all stores engaged in the sale of video game systems, software and accessories. Its Video Game Brands stores sell various types of digital products, including downloadable content, network points cards and prepaid digital, among others. They also carry mobile and consumer electronics products, which consist primarily of mobile devices, tablets and related accessories. Its Technology Brands segment includes its Spring Mobile and Simply Mac businesses.

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