A Reddit account linked to meme-stock folk hero “Roaring Kitty” posted for the first time in years over the weekend, with a screenshot showing a $116 million position in GameStop stock, plus a big options bet. Shares soared more than 80% in premarket trading, the Wall Street Journal reported.
Data from S&P Global Market Intelligence shows currently there is 15% of Gamestop’s outstanding shares on loan. This is as of close of business on Friday (05/31). In Asian and European trading hours so far there is very slim additional borrowing taking place. As at midday (BST) only an additional 0.04M shares had been borrowed.
