During the last session 1M of GameStop Corp. (NYSE:GME)’s shares were traded. The stock closed at $148.39 per share indicating that it lost -$6.94 or -4.47% during that day which brings the GameStop Corp.’s valuation to $12.14B.
The 52-week high for the GameStop Corp.’s shares is $483.00. That puts it -69.28% from that peak with a 52-week low of $17.08, while the S&P 500’s share price change was of 28.79%.
What does the trading volume tell us about the GME stock?
During the last trading session, GameStop Corp. (NYSE:GME) has seen decay in its daily volume. The daily volume was of 1M, while in the last 10 days the average was 1.76M and last three months – 2.33M.
Growing short interest
The GameStop Corp.’s shares are seeing an increasing short interest compared to the previous month. As of today, there are 8.61M shares being shorted which translates into 3.11 of a short ratio for GME, while in the previous month the shorted shares were 6.78M.
GameStop Corp. (NYSE:GME)’s financials
With a market cap of 12.14B, GameStop Corp. holds a total cash of $1.41B that translates into $18.6 per share, while the total debt is of $667.8M.
The company has seen an increase in the revenue with a year-over-year quarterly revenue growth percentage of 29.10%. The current revenue is of $5.88B that is $84.04 per share.
This is a great sign for a bright future.