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GameStop Corp. offers games and entertainment products through its stores and e-commerce platforms. The Company operates in four geographic segments: United States, Canada, Australia and Europe. Each segment consists primarily of retail operations, with the significant majority focused on games, entertainment products and technology. The Company has a total of approximately 4,169 stores across... see more

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NYSE:GME - Post Discussion

GameStop Corp > Why is GME keep going up?

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Post by REEnewbie on May 27, 2021 3:21pm

Why is GME keep going up?

Can someone please explain why GME keeps going up. The short interest is around 15%, meaning 15% of the shares are shorted.

So, let's say, the shorts have to cover, and therefore have to buy back the shares at whatever cost, hence GME goes up .

But what happens after all the shorts have covered? Only the longs remain (all Reddit members?). The share price should therefore just sit there doing nothing, unless these Reddit guys keep on buying? Or, unless there are still hedge funds keep shorting?

so is it:

1) more hedge funds keep shorting, or

2) Redditt keeps buying

???

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