Short-sellers lost $818 million on Gamestop bets on Wednesday

Data from Ortex, a financial analytics firm showed that short-sellers are estimated to have lost $818 million on Wednesday from their bearish bets on videogame maker Gamestop.

GameStop’s shares shot up higher again on Thursday a day after doubling in value, sparking a fresh retail trading frenzy in the stock that had been at the center of a historic short squeeze in January.

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