The GME stock price fluctuated between $190.72 and $206.79 throughout the trading session with the volume trading being 5M shares, which represented a positive variation when compared to the three months average volume of 4M shares. The share price of GameStop Corp. (NYSE:GME) dipped -0.1% to close Wednesday’s market session at $198.8, lower as compared to yesterday’s close which brings the market valuation of the company to $14.79B.
The 52-week high for the GameStop Corp.’s shares is $483.00. That puts it -58.84% from that peak but still a 3,094.22% gain since the share price dropped to a 52-week low of $5.87, while the S&P 500’s share price change was of 35.36%.
What does the trading volume tell us about the GME stock?
During the last trading session, GameStop Corp. (NYSE:GME) has seen growth in its daily volume. The daily volume was of 4M, while in the last 10 days the average was 3.06M and last three months – 4.31M.
Shrinking short interest
The GameStop Corp.’s shares are seeing a decreasing short interest compared to the previous month. As of today, there are 7.57M shares being shorted which translates into 2.76 of a short ratio for GME, while in the previous month the shorted shares were 8.08M.
GameStop Corp.’s (NYSE:GME) financials
With a market cap of 14.79B, GameStop Corp. holds a total cash of $694.7M that translates into $10.04 per share, while the total debt is of $712.5M. The company has seen an increase in the revenue with a year-over-year quarterly revenue growth percentage of 25.10%. The current revenue is of $5.35B that is $81.77 per share.
This is a great sign for a bright future.