Short Interest in GameStop Corp. (GME) Grows By 20.1%

Alicia Farmer
January 14, 2018

So far, analysts are sticking with their neutral recommendations with the consensus call at 2.7.

In other GameStop news, Director Stephanie M. Shern sold 4,000 shares of the company's stock in a transaction that occurred on Monday, November 27th. Benchmark has "Hold" rating and $29.76 target. The firm earned "Overweight" rating on Monday, August 31 by Pacific Crest. The stock has "Buy" rating by Stifel Nicolaus on Monday, August 21. The firm has "Outperform" rating given on Friday, March 24 by Wedbush. Shares for $6.24 million were sold by GONZALEZ RICHARD A on Thursday, August 3. The firm has "Buy" rating given on Monday, July 11 by Bank of America. Credit Suisse Group set a $20.00 target price on shares of GameStop and gave the company a "hold" rating in a report on Saturday, November 25th.

The counter witnessed a trading volume of 0.6 million shares versus an average volume of 0.67 million shares during last trading session. Almost 4.21 million shares were traded by the close, higher than its average daily volume of 3.43 million shares. Golar LNG Limited (NASDAQ:GLNG) has risen 61.34% since January 12, 2017 and is uptrending. It has outperformed by 45.78% the S&P500. Standpoint Research upgraded GameStop Corp. GME's profit will be $203.60 million for 2.21 P/E if the $2.01 EPS becomes a reality. It also wouldn't reach Wall Street's earnings per share estimate of $3.32 for the year. Its last month's stock price volatility remained 2.81% which for the week stands at 2.54%. The company has market cap of $171.85 billion. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company's stock. Therefore 52% are positive. GameStop has a fifty-two week low of $15.85 and a fifty-two week high of $26.68. The average 12-month price target among analysts that have issued ratings on the stock in the previous year is $23.60. GameStop Corp. had 74 analyst reports since August 6, 2015 according to SRatingsIntel. The rating was upgraded by DNB Markets on Friday, July 1 to "Buy". The rating was maintained by Robert W. Baird with "Buy" on Wednesday, January 10. (NASDAQ:AAPL) earned "Buy" rating by Oppenheimer on Wednesday, October 28. (NYSE:ABBV) rating on Tuesday, September 5. The firm has "Buy" rating given on Thursday, September 7 by KeyBanc Capital Markets. ValuEngine upgraded GameStop from a "hold" rating to a "buy" rating in a research report on Friday, December 1st. The firm has "Hold" rating given on Friday, October 30 by S&P Research.

The company's consensus rating on Reuter's scale slipped from 2.67 to 2.43 during a month. The stock was sold at an average price of $17.91, for a total value of $71,640.00. About 1.94M shares traded. The insider Haythornthwaite Richard sold $712,540. (NYSE:ABBV) for 207,900 shares.

Investors sentiment decreased to 0.85 in 2017 Q3. Its up 0.01, from 0.88 in 2017Q2. Bridgewater Assoc LP invested in 1.29M shares. 779.91 million shares or 1.33% less from 790.40 million shares in 2017Q2 were reported. Bessemer Grp stated it has 1.54 million shares. American Intll Gp owns 233,337 shares for 0.02% of their portfolio. Rockefeller Services Incorporated holds 39,128 shares. First Washington Corp stated it has 848 shares or 0.01% of all its holdings. Advantus Management Inc invested 0.01% of its portfolio in GameStop Corp. 232 were reported by Northwestern Mutual Wealth. State Street Corp now owns 3,020,149 shares of the company's stock worth $65,265,000 after purchasing an additional 46,169 shares during the last quarter. Sib Limited Liability Com owns 82,746 shares.

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Shares of GameStop Corp.

Investors sentiment decreased to 1.07 in Q3 2017. Its up 0.02, from 0.68 in 2017Q2. It turned negative, as 37 investors sold GME shares while 83 reduced holdings. 116 funds opened positions while 640 raised stakes. (GME) worth $56.98 million at the end of the most recent reporting period. BANK OF NEW YORK MELLON CORP also announced decreased position in GameStop Corp. (NYSE:GME) for 834 shares. (NYSE:GME) for 647,297 shares. Shell Asset Mngmt reported 18,743 shares stake. 268,623 shares were sold by COOK TIMOTHY D, worth $43.15M on Thursday, August 24. The company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.43 by $0.11. 12,402 were reported by Ing Groep Nv. Hussman Strategic Advisors Inc. owns 200,000 shares or 1.36% of their U.S. portfolio. Voya Inv Mgmt Limited Company stated it has 0% of its portfolio in GameStop Corp. (NYSE:GME). Fifth Third National Bank accumulated 3,568 shares. Cantab Capital Prtn Llp accumulated 1,638 shares. The stock of GameStop Corp. Commonwealth Of Pennsylvania Pub School Empls Retrmt holds 0% or 14,772 shares. Moreover, Acadian Asset Management Lc has 0% invested in GameStop Corp. (NYSE:GME). 92,950 are held by Groesbeck Investment Management Nj. As a result results using moving averages can be random at times the market appears to respect SMA support/resistance and trade signals, and other times it shows no deference.

Session activity on GameStop Corp.(NYSE:GME) stock is placing it on today's most active list. It has underperformed by 31.87% the S&P500.

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