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GameStop (GME) stock experienced a wild ride on Monday, surging 78% and squeezing short sellers once more. However, well-known short seller Andrew Left isn't ba

GameStop Soars Again, But Short Seller Andrew Left Doubles Down

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Image credit: Austin Distel

GameStop (GME) stock experienced a wild ride on Monday, surging 78% and squeezing short sellers once more. However, well-known short seller Andrew Left isn't backing down.

Key Points:

  • Massive Gain: GME jumped 78% on Monday, fueled by renewed retail investor interest after popular investor Keith Gill ("Roaring Kitty") revealed a significant stake in the company.
  • Left Reshorts Again: Andrew Left, founder of Citron Research and a vocal critic of GameStop, announced a new short position against the stock. While the size of the position wasn't disclosed, it's likely smaller than his previous bets.
  • Motivations: Left claims his short position isn't driven by personal animosity towards GameStop.
  • GameStop's Trajectory: Despite significant year-to-date gains, GME remains below its recent highs. The stock is known for its volatility.

Looking Ahead:

The renewed surge in GameStop's share price highlights the ongoing battle between retail investors and short sellers. Left's new short position indicates his belief that the stock's price will eventually fall. Whether retail investors can sustain the momentum or if Left's prediction holds true remains to be seen.

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