GameStop third biggest short, even as shares shorted falls — S3 Partners

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FILE PHOTO: A GameStop sign is pictured in Pasadena, California March 27, 2013. REUTERS/Mario Anzuoni (UNITED STATES)/File Photo

NEW YORK (Reuters) – Short interest in GameStop Corp, whose shares have skyrocketed this week, is at $11.2 billion, making it the third most shorted stock by value, although the number of shares shorted has declined, according to analytics firm S3 Partners.

GameStop is the third-largest short by value behind Tesla and Apple, according to Ihor Dusaniwsky, managing director of predictive analytics at S3 Partners. The number of shares shorted has declined by 8% in the past 7 days to 57.83 million.

As of Friday morning, GameStop short sellers have endured mark-to-market losses of $19.75 billion so far this year, according to S3.

Reporting by Lewis Krauskopf

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