.jpg)
Editor’s note: This article was updated on Oct. 18 to correct free cash flow and stock split data.
In July, GameStop (NYSE:GME) launched its NFT marketplace to a relatively muted reception. NFT trades had already fallen three-quarters since January, and traders assumed the game retailer had missed yet another party. Shares would eventually drop another 25%.
Investor pessimism, however, has quietly turned GME stock into a short-squeeze candidate. Sagging trading volume means that it would take traders almost 17 days to cover their short positions, up from three days in July.....More>>>
