GameStop Corp. (GME) Short Interest Update
GameStop Corp. (NYSE:GME) saw a large drop in short interest in January. As of January 12th, there was short interest totalling 35,860,720 shares, a drop of 1.5% from the December 29th total of 36,411,374 shares. Based on an average trading volume of 4,824,997 shares, the days-to-cover ratio is currently 7.4 days. Approximately 36.2% of the company’s stock are short sold.
Several equities analysts have recently weighed in on the stock. Zacks Investment Research cut shares of GameStop from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. SunTrust Banks reaffirmed a “buy” rating and set a $25.00 price target on shares of GameStop in a research note on Tuesday, October 17th. Credit Suisse Group set a $20.00 price objective on GameStop and gave the company a “hold” rating in a report on Saturday, November 25th. Vetr downgraded GameStop from a “strong-buy” rating to a “hold” rating and set a $16.58 price objective for the company. in a report on Friday, November 17th. Finally, Loop Capital set a $26.00 price objective on GameStop and gave the company a “buy” rating in a report on Friday, January 12th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $22.42.
Shares of GameStop (NYSE GME) opened at $16.66 on Friday. GameStop has a twelve month low of $15.85 and a twelve month high of $26.68. The company has a market capitalization of $1,690.00, a P/E ratio of 4.87, a PEG ratio of 0.35 and a beta of 1.26. The company has a quick ratio of 0.38, a current ratio of 1.20 and a debt-to-equity ratio of 0.35.
In other news, Director Stephanie M. Shern sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $17.91, for a total transaction of $71,640.00. Following the completion of the transaction, the director now directly owns 13,474 shares of the company’s stock, valued at approximately $241,319.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.80% of the stock is owned by company insiders.
Institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP lifted its holdings in shares of GameStop by 0.4% during the third quarter. Dimensional Fund Advisors LP now owns 8,536,127 shares of the company’s stock worth $176,357,000 after buying an additional 34,512 shares in the last quarter. State Street Corp lifted its holdings in shares of GameStop by 1.6% during the second quarter. State Street Corp now owns 3,020,149 shares of the company’s stock worth $65,265,000 after buying an additional 46,169 shares in the last quarter. Towle & Co. lifted its holdings in shares of GameStop by 26.2% during the third quarter. Towle & Co. now owns 1,491,360 shares of the company’s stock worth $30,811,000 after buying an additional 309,790 shares in the last quarter. Paradice Investment Management LLC lifted its holdings in shares of GameStop by 6.8% during the fourth quarter. Paradice Investment Management LLC now owns 1,088,441 shares of the company’s stock worth $19,538,000 after buying an additional 69,129 shares in the last quarter. Finally, Advisors Asset Management Inc. lifted its holdings in shares of GameStop by 32.4% during the third quarter. Advisors Asset Management Inc. now owns 855,428 shares of the company’s stock worth $17,673,000 after buying an additional 209,311 shares in the last quarter.
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GameStop Company Profile
GameStop Corp. is an omnichannel video game retailer. The Company sells video game hardware, physical and digital video game software, video game accessories, as well as mobile and consumer electronics products and other merchandise through its GameStop, EB Games and Micromania stores. It operates its business in five segments, which consists of four Video Game Brands segments: United States, Canada, Australia and Europe, and Technology Brands segment.
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