- Short-sellers targeting GameStop have lost $US3.3 billion betting against the stock in 2020, as of last week’s market close, according to S3 Partners data.
- Losses totaled roughly $US1.6 billion on Friday alone as the stock rallied 51%.
- The video-game retailer has rocketed higher in recent weeks as Reddit traders drive bullish momentum to extraordinary levels.
- Watch GameStop trade live here.
Investors betting against GameStop and the army of bullish retail traders have already lost billions in 2021.