GameStop shares soar more than 20%, on track for fifth day of gains

Electronics 3 weeks ago

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The traditional roar before the first race of the Cheltenham Festival will be heard on Tuesday with ITV expected to play it as a soundtrack to their coverage next week despite the grandstands being deserted. Short interest in GameStop was valued at $2.58 billion, or 24.3% of the stock´s float on Tuesday, compared to $1.80 billion, 32.6% in late February, according to data from financial analytics firm S3 Partners. GameStop shares were up 23.5% to $239.80 in early trading, a day after the company entrusted leadership of its online sales efforts to board member and major shareholder Ryan Cohen, co-founder of online pet retailer Chewy Inc.

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