The New York Stock Exchange (NYSE) has imposed a Short Sale Restriction (SSR) on GameStop after volume spiked to levels reminiscent of GameStop’s famous 2021 short squeeze.
GameStop (GME) short sales volume — the total number of shares sold short within a specific time frame — rose 234% over 24 hours, reaching 30.85 million shares sold on March 27, according to TradingView data.
The SSR kicks in when a stock drops over 10% from the previous day’s closing price. GameStop’s stock fell 22% over the trading day, wiping out its 12% gain from the Bitcoin announcement and then some, according to Google Finance data.
At the time of publication, GME was trading at $22.09.
GameStop shorts volume near 2021 short squeeze levels
The rule is applied for the rest of the trading day and the following trading day. Malone Wealth president and CEO Kevin Malone said in a March 27 X post that “GameStop traded 50x more shares today than last…
