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GameStop soars nearly 70%, trading briefly halted amid epic short squeeze – CNBC

GameStop has more than 138% of its float shares sold short, the single most shorted name in the U.S. stock market.

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Wall Street’s most hated stock GameStop surged again on Friday as the massive short squeeze continued to fuel its explosive rally.The video game stock soared as much as 69.4% to a high of $72.88 on Friday, bringing its gains to over 100% this week alone. Trading in the stock was briefly halted due to high volatility. The stock last traded up about 35% to around $58.
GameStop has more than 138% of its float shares sold short, the single most shorted name in the U.S. stock market, according to FactSet…

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