<div id="readability-page-1"><p>GameStop Corp. (NYSE:GME - Get Free Report) saw a large decline in short interest in the month of June. As of June 30th, there was short interest totalling 41,950,000 shares, a decline of 6.2% from the June 15th total of 44,730,000 shares. Based on an average daily volume of 49,060,000 shares, the days-to-cover ratio is presently 0.9 days.</p><h2>Wall Street Analyst Weigh In</h2><ul><li>Get Ready: 3 High Short Interest Stocks Poised for a Melt-Up</li></ul><p>GME has been the subject of a number of recent research reports. StockNews.com raised GameStop to a &#34;sell&#34; rating in a report on Wednesday, July 10th. Wedbush decreased their price objective on GameStop from $13.50 to $11.00 and set an &#34;underperform&#34; rating for the company in a report on Wednesday, June 12th.</p><p><b>Check Out Our Latest Stock Report on GME</b></p><h2>Insider Activity</h2><ul><li>Chewy Stock Surges on Roaring Kitty's Disclosure of Major Stake</li></ul><p>In other news, Director Lawrence Cheng purchased 4,140 shares of the company's stock in a transaction that occurred on Monday, July 8th. The shares were acquired at an average cost of $24.85 per share, with a total value of $102,879.00. Following the purchase, the director now owns 69,228 shares in the company, valued at $1,720,315.80. The acquisition was disclosed in a document filed with the Securities &amp; Exchange Commission, which is available at this hyperlink. In other news, Director Lawrence Cheng purchased 4,140 shares of the company's stock in a transaction that occurred on Monday, July 8th. The shares were acquired at an average cost of $24.85 per share, with a total value of $102,879.00. Following the purchase, the director now owns 69,228 shares in the company, valued at $1,720,315.80. The acquisition was disclosed in a document filed with the Securities &amp; Exchange Commission, which is available at this hyperlink. Also, General Counsel Mark Haymond Robinson sold 13,471 shares of the company's stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $10.15, for a total value of $136,730.65. Following the transaction, the general counsel now directly owns 50,837 shares in the company, valued at $515,995.55. The disclosure for this sale can be found here. Insiders have sold 24,647 shares of company stock valued at $300,183 in the last ninety days. 12.28% of the stock is owned by company insiders. </p><h2>Hedge Funds Weigh In On GameStop</h2><p>Several institutional investors have recently modified their holdings of the business. AlphaMark Advisors LLC grew its holdings in GameStop by 41.7% during the second quarter. AlphaMark Advisors LLC now owns 1,345 shares of the company's stock valued at $33,000 after purchasing an additional 396 shares during the period. GAMMA Investing LLC grew its holdings in GameStop by 32.9% during the second quarter. GAMMA Investing LLC now owns 2,064 shares of the company's stock valued at $51,000 after purchasing an additional 511 shares during the period. Treasurer of the State of North Carolina grew its holdings in GameStop by 1.0% during the fourth quarter. Treasurer of the State of North Carolina now owns 118,788 shares of the company's stock valued at $2,082,000 after purchasing an additional 1,160 shares during the period. Swiss National Bank grew its holdings in GameStop by 0.3% during the first quarter. Swiss National Bank now owns 542,828 shares of the company's stock valued at $6,796,000 after purchasing an additional 1,400 shares during the period. Finally, CWM LLC grew its holdings in GameStop by 115.6% during the second quarter. CWM LLC now owns 2,660 shares of the company's stock valued at $66,000 after purchasing an additional 1,426 shares during the period. 29.21% of the stock is owned by institutional investors. </p><h2>GameStop Stock Performance</h2><ul><li>7 Short Squeeze Stocks to Look Into for Your Portfolio</li></ul><p>Shares of GME stock traded down $0.56 during trading on Wednesday, hitting $27.98. The company's stock had a trading volume of 23,689,397 shares, compared to its average volume of 26,028,236. The company has a market cap of $9.83 billion, a PE ratio of 362.30 and a beta of -0.10. The company has a current ratio of 2.22, a quick ratio of 1.42 and a debt-to-equity ratio of 0.01. The business has a fifty day moving average of $25.63 and a 200-day moving average of $17.87. GameStop has a 52 week low of $9.95 and a 52 week high of $64.83. </p><p>GameStop (NYSE:GME - Get Free Report) last released its earnings results on Friday, June 7th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.03). The business had revenue of $881.80 million during the quarter, compared to the consensus estimate of $995.30 million. GameStop had a net margin of 0.51% and a return on equity of 1.78%. The business's revenue was down 28.7% on a year-over-year basis. During the same period in the prior year, the company earned ($0.14) earnings per share. As a group, research analysts anticipate that GameStop will post 0.08 earnings per share for the current year. </p><h2>About GameStop</h2> (Get Free Report)<p>GameStop Corp., a specialty retailer, provides games and entertainment products through its stores and ecommerce platforms in the United States, Canada, Australia, and Europe. The company sells new and pre-owned gaming platforms; accessories, such as controllers, gaming headsets, and virtual reality products; new and pre-owned gaming software; and in-game digital currency, digital downloadable content, and full-game downloads.</p><h2>Further Reading</h2><ul><li>Five stocks we like better than GameStop</li><li>Trading Stocks: RSI and Why it's Useful</li><li>Real Estate Stock Signals a Boom in Manufacturing Activity</li><li>3 Stocks to Protect Your Portfolio from the Coronavirus Contagion </li><li>This Medical Giant's Stock Rebounds: A 15% Upside Is the Minimum</li><li>Airline Stocks - Top Airline Stocks to Buy Now</li><li>Financial Giant's Shares Soar on EPS Beat and Record Asset Levels</li></ul><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><p>→ Breaking News: Elon Musk Invents New Type of A.I. 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<p>GameStop Corp. (NYSE: GME) experienced a decline in short interest in June, with 41,950,000 shares, a 6.2% decrease from the previous total. The days-to-cover ratio is currently 0.9 days. Additionally, insider activity and institutional investor holdings have been reported. The stock traded at $27.98 with a trading volume of 23,689,397 shares. The company's market cap is $9.83 billion. GameStop's latest earnings report showed an EPS of ($0.12) for the quarter.</p>

- GameStop Corp. (NYSE:GME) experienced a significant decrease in short interest in June, with 41,950,000 shares shorted, down 6.2% from mid-June. The days-to-cover ratio stands at 0.9 days based on an average daily volume of 49,060,000 shares.
- Recent reports show varied analyst opinions on GME, with StockNews.com upgrading it to "sell" and Wedbush lowering the price target to $11. Insider activity includes Director Lawrence Cheng buying shares and General Counsel Mark Haymond Robinson selling shares.
- Institutional investors like AlphaMark Advisors and GAMMA Investing adjusted their holdings in GameStop, with 29.21% of the stock owned by insiders. GME stock traded at $27.98 with a market cap of $9.83 billion and a PE ratio of 362.30.

GameStop Corp. (NYSE:GME) Short Interest Update