Even so, the stock remained highly-shorted with $11.2 billion short interest. GameStop short sellers endured mark-to-market losses of $19.75 billion so far this year, according to S3. Hedge funds and other short sellers had a bruising week. Headphone maker Koss Corp was up 77%, although it and GameStop remained below peaks reached earlier this week. Robinhood said on its blog late on Friday opening new positions is currently allowed but limited in 23 securities, including GameStop. On Thursday, GameStop shares had fallen following the curbs imposed by Robinhood and other trading apps, which drew outrage from politicians and calls for action from regulators. GameStop surged 51% on Friday after brokers including Robinhood eased some restrictions on trading. The so-called “Reddit rally” has inflated stock prices for GameStop and other previously beaten-down companies that individual investors championed on social media forums including Reddit. GameStop shares jumped, awarding retail investors the advantage in the latest round of their week-long slugfest against major financial institutions that had shorted the video game retailer. Securities and Exchange Commission waded into the battle between small investors and Wall Street hedge funds, warning brokerages and the pack of social-media traders that it was watching for potential wrongdoing. Send this page to someone via email email.

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