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Short-sellers lost $818 million on Gamestop bets on Wednesday: Ortex - Reuters

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FILE PHOTO: GameStop logo is seen near displayed stock graph in this illustration taken February 2, 2021. REUTERS/Dado Ruvic/Illustration

LONDON (Reuters) - Short-sellers are estimated to have lost $818 million on Wednesday from their bearish bets on videogame maker Gamestop, data from financial analytics firm Ortex showed.

GameStop’s shares shot up higher again on Thursday a day after doubling in value, sparking a fresh retail trading frenzy in the stock that had been at the center of a historic short squeeze in January.

Reporting by Thyagaraju Adinarayan; editing by Sujata Rao

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Short-sellers lost $818 million on Gamestop bets on Wednesday: Ortex - Reuters
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