GameStops meme stock GME surges over 88 in premarket trading analysis firm estimates short sellers facing 1 billion in losses

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


In response, global financial analysis firm ORTEX stated that GameStop short sellers may have incurred total losses of up to $1 billion from last Friday’s closing until now.