AMC, GameStop Rallies Deal Shorts Another $591 Million Blow
(Bloomberg) — AMC Entertainment Holdings Inc. and GameStop Corp.s stock rallies Tuesday hammered short sellers to the tune of $591 million, deepening bears horrific 2021 losses.
The movie theater operators more than 18% surge handed shorts $373 million in mark-to-market losses, while the video-game retailers 9.3% rally dealt another $218 million blow at mid-day, according to financial analytics firm S3 Partners. Their meteoric gains have squeezed short sellers with losses ballooning to $9 billion…
