Gamestop Corporation (GME): Price Target and June Short Interest Disclosure

Gamestop Corporation (GME) : The highest short term price target forecast on Gamestop Corporation (GME) is $45 and the lowest target price is $26. A total of 10 equity analysts are currently covering the company. The average price of all the analysts is $36.53 with a standard deviation of $5.41.

Gamestop Corporation (GME), A drop of 2,781,431 shares or 9.2% was seen in the short interest of GameStop Corp. Even as the interest dropped from 30,380,060 shares on June 15,2016 to 27,598,629 shares on June 30,2016, the days to cover came in at 13. The updated interest stood at 27.1% of the stocks floats. The stock has seen an average daily volume of 2,192,072 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.


Gamestop Corporation (NYSE:GME): On Thursdays trading session , Opening price of the stock was $28.95 with an intraday high of $29.1. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $28.46. However, the stock managed to close at $28.62, a loss of 0.80% for the day. On the previous day, the stock had closed at $28.85. The total traded volume of the day was 1,997,082 shares.

GameStop Corp. is a multichannel video game, consumer electronics and wireless services retailer. The Company operates its business in four Video Game Brands segments: United States, Canada, Australia and Europe, and a Technology Brands segment. The Video Game Brands segments include 6,206 stores, 4,138 of which are included in the United States segment. There are 331, 421, and 1,316 stores in the Canadian, Australian and European segments, respectively. Each of the Video Game Brands segments consists primarily of retail operations, with all stores engaged in the sale of video game systems, software and accessories. Its Video Game Brands stores sell various types of digital products, including downloadable content, network points cards and prepaid digital, among others. They also carry mobile and consumer electronics products, which consist primarily of mobile devices, tablets and related accessories. Its Technology Brands segment includes its Spring Mobile and Simply Mac businesses.

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