GameStop's Trading Volume Surges to $248 Million, Ranks 409th in Daily Volume

Generated by AI AgentAinvest Market Brief
Wednesday, May 21, 2025 8:02 pm ET1min read

On May 21, 2025, GameStop's trading volume reached $248 million, marking an 82.58% increase from the previous day. The stock closed at $27.85, down 1.61% from the previous day's close. This placed

at the 409th position in terms of trading volume for the day.

GameStop reported a net income of $131 million, representing an 1,855% year-over-year increase. The company also announced that it has $6.1 billion in cash on hand and exceeded earnings per share (EPS) estimates by more than three times. Additionally, GameStop has exited unprofitable markets and adopted Bitcoin as a treasury asset.

GameStop's short interest stands at 48.71 million shares, reflecting a 2.58% decrease from the previous month. This reduction in short interest suggests a potential shift in market sentiment towards the stock.

Tom Santilli, a prominent figure in the GameStop community, anticipates that an additional 400 institutions will invest in GameStop in the next quarter, following the company's announcement of adopting Bitcoin. Currently, GameStop has 603 institutional owners, indicating growing institutional interest in the stock.

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