GameStop Corporation (GME) is currently experiencing a notable day in the market, with discussions on Reddit highlighting several key topics. A significant focus is on the new SEC rule requiring managers with substantial short positions to file Form SHO monthly, starting January 2, 2025. This rule aims to increase transparency in short selling, but some Reddit users express skepticism about its effectiveness, especially if short interest can be obscured through swaps. One user commented, "The SEC will publish SOME of the data’ is the key line in this whole article. Dear SEC, please publish all the data or go f@$k yourselves."
Another topic of interest is the speculation surrounding recent tweets by Ryan Cohen, which some believe are intended to influence market behavior. A user speculated, "I believe this is because RK wants GME to gap up on open so that the shorts kept open would get nervous and panic close." This reflects a broader sentiment among Redditors who are closely watching for any signs of market manipulation or strategic moves by influential figures in the GameStop saga.
As of the latest update, GameStop's stock is trading at $32.09, reflecting a 2.39% increase from the previous close of $31.34.