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Benzinga
34 days

GameStop CEO Is 'Not Scared Of The Short Sellers,' Calls It Un-American To Bet Against Business 'But It's A Free Market'

1. Ryan Cohen sees potential in GME despite ongoing short-selling. 2. 18.9% of GameStop's float is currently shorted. 3. Cohen prioritizes business performance over short seller concerns. 4. GameStop has shifted focus to collectibles for profitability. 5. The stock is down 23.8% year-to-date but increased over 2,250% in five years.

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FAQ

Why Neutral?

Cohen’s updates reflect strategic business shifts but do not strongly influence immediate price.

How important is it?

Cohen’s leadership may stabilize and boost GME, influencing long-term investor confidence.

Why Long Term?

Focus on collectibles may lead to future growth, aligning with changing market trends.

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