{"id":19526,"date":"2025-03-28T10:01:45","date_gmt":"2025-03-28T10:01:45","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=19526"},"modified":"2025-03-28T10:01:45","modified_gmt":"2025-03-28T10:01:45","slug":"nyse-imposes-short-sale-restriction-on-gamestop-as-short-interest-surges-234","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=19526","title":{"rendered":"NYSE Imposes Short Sale Restriction on GameStop as Short Interest Surges 234%"},"content":{"rendered":"<div>\n<p><span data-preserver-spaces=\"true\">The New York Stock Exchange (NYSE) has placed a Short Sale Restriction (SSR) on GameStop (GME) after the stock experienced a massive spike in short-selling activity, reminiscent of the 2021 short squeeze that rocked Wall Street.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Data from <\/span><a class=\"general-link\" href=\"https:\/\/www.tradingview.com\/symbols\/FINRA-GME_SHORT_VOLUME\/\" target=\"_blank\" rel=\"nofollow noopener nofollow\"><span data-preserver-spaces=\"true\">TradingView shows<\/span><\/a><span data-preserver-spaces=\"true\"> GameStop\u2019s short sales volume soared by 234% in just 24 hours, reaching 30.85 million shares sold short on March 27. The NYSE SSR rule is automatically triggered when a stock declines by more than 10% from its previous day\u2019s close. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">GameStop\u2019s stock <\/span><a class=\"general-link\" href=\"https:\/\/www.google.com\/finance\/quote\/GME:NYSE?sa=X&amp;ved=2ahUKEwiz5KHKzKuMAxVfSmwGHc26FA4Q3ecFegQIQRAX\" target=\"_blank\" rel=\"nofollow noopener nofollow\"><span data-preserver-spaces=\"true\">plunged 22% during the trading session<\/span><\/a><span data-preserver-spaces=\"true\">, erasing the 12% gain it had made following a recent Bitcoin-related announcement. At the time of reporting, GME shares were trading at $22.09.<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">EXPLORE:\u00a0<\/span><a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/analysis\/crypto-forecast-best-crypto\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">10 Coins with High Returns: Crypto Forecast 2025<\/span><\/a><\/strong><\/p>\n<h2><span data-preserver-spaces=\"true\">Short Sale Restriction Limits GameStop Shorts Through Next Trading Day<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Under SSR rules, restrictions are enforced for the remainder of the trading day and the <\/span><span data-preserver-spaces=\"true\">entire<\/span><span data-preserver-spaces=\"true\"> next day, limiting short selling to prices above the current national best bid.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Kevin Malone, CEO of Malone Wealth, highlighted the trading volume\u2019s significance, noting in an X post that \u201cGameStop traded 50 times more shares today than last Thursday. Not statistically possible without naked short-selling.\u201d<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">GameStop Corp <a href=\"https:\/\/twitter.com\/search?q=%24GME&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">$GME<\/a> traded 50x more shares today than last Thursday. Not statistically possible without naked short selling. <a href=\"https:\/\/t.co\/vBIL8IeFc6\" target=\"_blank\" rel=\"nofollow\">pic.twitter.com\/vBIL8IeFc6<\/a><\/p>\n<p>\u2014 Kevin Malone (@Malone_Wealth) <a href=\"https:\/\/twitter.com\/Malone_Wealth\/status\/1905351411308921209?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">March 27, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span data-preserver-spaces=\"true\">The short-selling volume neared levels last seen during January 2021, when GameStop\u2019s stock price skyrocketed in a viral retail investor-led short squeeze. At its peak on January 19, 2021, GameStop saw 33.26 million shares sold short. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The current spike is the second-highest since then, trailing only the June 3, 2024, high of 46.2 million shares, which occurred shortly after retail trader Keith Gill\u2014known for sparking the original 2021 rally\u2014returned to trading GameStop with a $180 million position.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">GameStop recently announced a $1.3 billion convertible notes offering, which may be used <\/span><span data-preserver-spaces=\"true\">in part<\/span><span data-preserver-spaces=\"true\"> to purchase Bitcoin, though the company has not disclosed how much it plans to allocate. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Some market analysts have expressed skepticism. Speaking to <\/span><a class=\"general-link\" href=\"https:\/\/finance.yahoo.com\/video\/gamestops-bitcoin-move-feels-dot-221411934.html\" target=\"_blank\" rel=\"nofollow noopener nofollow\"><span data-preserver-spaces=\"true\">Yahoo Finance<\/span><\/a><span data-preserver-spaces=\"true\">, Tastylive CEO Tom Sosnoff said the move felt \u201ca little dot-comish,\u201d suggesting the company lacked a solid growth strategy.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Some believe the convertible debt offering could <\/span><span data-preserver-spaces=\"true\">be contributing<\/span><span data-preserver-spaces=\"true\"> to the stock\u2019s decline. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Analyst Han Akamatsu drew parallels with MicroStrategy\u2019s 2021 dip after a similar convertible note issuance, suggesting GameStop could <\/span><span data-preserver-spaces=\"true\">be setting<\/span><span data-preserver-spaces=\"true\"> the stage for a potential short squeeze if Bitcoin or GME shares rise significantly.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/search?q=%24GME&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">$GME<\/a> SSR Rule is on for tomorrow.<\/p>\n<p>They can still short, but only if the stock moves up before they can short into it.<\/p>\n<p>Smashing the bid over and over is restricted. <a href=\"https:\/\/t.co\/oVHumcv5XS\" target=\"_blank\" rel=\"nofollow\">pic.twitter.com\/oVHumcv5XS<\/a><\/p>\n<p>\u2014 Han Akamatsu \u8d64\u677e (@Han_Akamatsu) <a href=\"https:\/\/twitter.com\/Han_Akamatsu\/status\/1905388278066381281?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">March 27, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><strong><span data-preserver-spaces=\"true\">EXPLORE:\u00a0<\/span><a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/best-ai-crypto-coins\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">10 Best AI Crypto Coins to Invest in 2025<\/span><\/a><\/strong><\/p>\n<h2><span data-preserver-spaces=\"true\">GameStop Joins Corporate Bitcoin Trend with New Investment Policy Update<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">On March 25, GameStop revealed that its board of directors had <\/span><a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/news\/presales\/will-gamestop-crypto-treasury-spark-the-next-leg-of-the-bull-run-all-eyes-on-mia-roaring-kitty\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">unanimously approved<\/span><\/a><span data-preserver-spaces=\"true\"> a revised investment policy, granting the company the ability to diversify its reserves by purchasing Bitcoin.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Under CEO Ryan Cohen, GameStop has been exploring new approaches to counteract\u00a0<\/span><a class=\"general-link\" href=\"https:\/\/www.stocktitan.net\/news\/GME\/game-stop-reports-fourth-quarter-and-fiscal-year-2024-jhz7jtaz3bhq.html\" target=\"_blank\" rel=\"nofollow noopener nofollow\"><span data-preserver-spaces=\"true\">declining<\/span><\/a><span data-preserver-spaces=\"true\">\u00a0physical retail sales\u2014net sales fell from $5.27 billion in 2023 to $3.82 billion in 2024\u2014and increasing competition from digital gaming platforms.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">As of February 1, GameStop\u00a0<\/span><a class=\"general-link\" href=\"https:\/\/investor.gamestop.com\/news-releases\/news-details\/2025\/GameStop-Reports-Fourth-Quarter-and-Fiscal-Year-2024-Results\/default.aspx\" target=\"_blank\" rel=\"nofollow noopener nofollow\"><span data-preserver-spaces=\"true\">held<\/span><\/a><span data-preserver-spaces=\"true\"> over $4.7 billion in cash reserves, mainly from cost-cutting measures and equity offerings.<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">DISCOVER:\u00a0<\/span><a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/best-meme-coin-icos\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">Best Meme Coin ICOs to Invest in March 2025<\/span><\/a><\/strong><\/p>\n<p><strong><a class=\"general-link\" href=\"https:\/\/discord.gg\/B7Uk6agkqj\" target=\"_blank\" rel=\"noopener nofollow\"><span data-preserver-spaces=\"true\">Join The 99Bitcoins News Discord Here For The Latest Market Updates<\/span><\/a><\/strong><\/p>\n<div class=\"nnbtc-key-takeaways\">\n<h3 class=\"nnbtc-key-takeaways__title\">Key Takeaways<\/h3>\n<ul class=\"nnbtc-key-takeaways__list\">\n<li class=\"nnbtc-key-takeaways__list-item\">\n        <span data-preserver-spaces=\"true\">The NYSE imposed a Short Sale Restriction on GameStop after a 234% spike in short-selling volume led to a 22% stock drop.<\/span>    <\/li>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        <span data-preserver-spaces=\"true\">Analysts suspect potential naked short-selling and are drawing comparisons to the 2021 GameStop short squeeze.<\/span>    <\/li>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        <span data-preserver-spaces=\"true\">GameStop\u2019s new $1.3B convertible notes offering and Bitcoin investment plan have sparked both interest and skepticism among investors.<\/span>    <\/li>\n<\/ul><\/div>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/nyse-imposes-short-sale-restriction-on-gamestop-as-short-interest-surges-234\/\">NYSE Imposes Short Sale Restriction on GameStop as Short Interest Surges 234%<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The New York Stock Exchange (NYSE) has placed a Short Sale Restriction (SSR) on GameStop (GME) after the stock experienced a massive spike in short-selling activity, reminiscent of the 2021 short squeeze that rocked Wall Street. Data from TradingView shows GameStop\u2019s short sales volume soared by 234% in just 24 hours, reaching 30.85 million shares [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-19526","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/19526","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=19526"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/19526\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=19526"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=19526"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=19526"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}