Gamestop, AMC short sellers lost $754 million after Tuesday's rally - Ortex


FILE PHOTO: A GameStop store is seen in the Jackson Heights neighborhood of New York City, New York, U.S. January 27, 2021. REUTERS/Nick Zieminski/File Photo

LONDON (Reuters) - Investors shorting meme stocks GameStop and AMC Entertainment are estimated to have lost $754 million on Tuesday alone as the shares rallied, data from financial analytics firm Ortex shows.

Shares in GameStop, which was at the heart of the so-called "stonks" retail trading mania earlier this year, rose 8% to nearly $225 in U.S. premarket trading on Wednesday, a day after rising 18%. Shares in cinema operator AMC soared 39%.

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