How many GME shares are Drs?
More recent data from May are not yet official, but GameStop's shareholders estimate on Reddit that the number of shares locked up through DRS already exceeds 14 million shares.
GameStop (GME) reports 12.7 million shares directly registered with ComputerShare as of April 2022. GameStop has stated that 12.7 million of its shares were registered through its transfer agent.
| Avg Vol (3 month) 3 | 13.85M |
|---|---|
| Avg Vol (10 day) 3 | 7.67M |
| Shares Outstanding 5 | 304.52M |
| Implied Shares Outstanding 6 | N/A |
| Float 8 | 253.54M |
Gamestop Stock Ownership FAQ
Gamestop (NYSE: GME) is owned by 6.95% institutional shareholders, 10.60% Gamestop insiders, and 82.45% retail investors.
Your broker can lend your shares to short sellers when you hold stock in a street name. Short sellers can drive down the price by selling the stock short, which is selling a borrowed stock, then buying it back cheaper.
It can take up to five business days for a transfer agent to deliver the requested shares. Additional documentation may be required for some Over-the-Counter/Bulletin Board (OTC/BB) securities before a request is submitted.
| Stockholder | Stake | Shares owned |
|---|---|---|
| The Vanguard Group, Inc. | 7.71% | 5,871,283 |
| BlackRock Fund Advisors | 6.34% | 4,828,648 |
| SSgA Funds Management, Inc. | 2.21% | 1,684,263 |
| Geode Capital Management LLC | 1.04% | 792,166 |
Although less intense than at the beginning of June, GME shares remain highly shorted. And borrow rates are high enough to squeeze short sellers on any spikes in buying volume.
GME's Short Squeeze Setup
Short interest: The latest data from Morningstar point out that 22.69% of GameStop's entire stock float was being shorted.
2022-05-16 - Citadel Advisors Llc has filed a 13F-HR form disclosing ownership of 16,521 shares of GameStop Corp. (US:GME) with total holdings valued at $2,752,000 USD as of 2022-03-31.
How many total shares of GME are there?
| Label | Value |
|---|---|
| Institutional Ownership | 27.64 % |
| Total Shares Outstanding (millions) | 305 |
| Total Value of Holdings (millions) | $2,849 |
Indeed, in an amended 13G filing received yesterday, BlackRock purchased 473,900 shares of GME stock. The purchase increased BlackRock's existing GameStop position by 10%. Following the purchase, BlackRock now owns 6.8% of all shares of GME stock outstanding, or 5.19 million shares.
You may sell your shares through the DRS Sales Facility, administered by Computershare Trust Company, N.A. The types of sale orders available may be different for each company. You may go online at www.computershare.com/investor or call Computershare to find out what order types are available.
Computershare primarily provides stock registration and transfer services to companies listed on stock markets, but also offers technology services for stock exchanges, investor services for shareholders and employee share plan management.
DRS: Provides accurate, quick and cost-efficient transfers between transfer agents and broker/dealers. Ensures secure electronic transfer. Reduces the risk associated with physical securities processing, including turnaround delays, mail losses and risks associated with stolen, forged or counterfeit securities.
The Direct Registration System, commonly referred to as "DRS", is a registration type, created by the Depository Trust Company ("DTC"), that allows shareholders of public companies to hold their shares directly on the books of the company's transfer agent in book-entry form without issuing physical stock certificates.
It should be noted that not all shares are DRS eligible. In general, most U.S. exchange traded securities are, but many OTC shares, as well as shares subject to a restriction and therefore held in certificate form, are not.
GME Shareholders Are Turning Into Direct Registration
Through DRS, shareholders can keep their shares away from market makers and payment per order flow (PFOF) brokers. Directly registering GameStop shares in the DRS is also a way to "lock in" the shares and strengthen the philosophy of "diamond hands" investors.
GME largest holders
As reported by Yahoo Finance, the company currently has a float of 56 million shares. Of the total, 36% is owned by the public, 45% by institutions and 19% by insiders — the latter includes the company's officers, directors, and those with access to non-public company information.
The chief beneficiary of the GameStop rise is Ryan Cohen, co-founder of Chewy, who owns 13% stake in GameStop. The other big GameStop winner is Donald Foss, the 76-year-old founder and former CEO of Credit Acceptance Corp., a subprime auto lender.
Is Vanguard Short on GME?
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Vanguard Group Inc ownership in GME / GameStop Corp.
| Security | GME / GameStop Corp. |
|---|---|
| Institution | Vanguard Group Inc |
| Latest Disclosed Ownership | 5,931,837 shares |
| Ownership | 7.77% |
Yes, GME could be heading to the moon again. Keep in mind, however, that anything can happen in the “meme world”, including a sharp correction — something that took place even after the impressive 2021 rallies.
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GameStop Stock Looks to Be Entering a Short Squeeze Set Up.
| Ticker | Company | Price |
|---|---|---|
| GME | GameStop Corp. | $130.73 |
In January of 2021 at the original GME short squeeze, all of the investors who held short positions against GameStop stock covered their short positions. This is what caused the meteoric rise of the stock's price in such a short period of time.
As of today (2022-07-29), GameStop's Intrinsic Value: Projected FCF is $2.35. The stock price of GameStop is $33.84. Therefore, GameStop's Price-to-Intrinsic-Value-Projected-FCF of today is 14.4.
Although unlikely, the MOASS is theoretically possible. But make no mistake, apes will probably remain optimistic about it and highly committed. If there is a stock that can garner enough support to make it happen, it is AMC.
If you short a stock at $10, it can't go lower than zero, so you can't make more than $10 per share on the trade. But there's no ceiling on the stock. You can sell it at $10 and then be forced to buy it back at $20 … or $200 … or $2 million. There is no theoretical limit on how high a stock can go.
Melvin Capital, hedge fund torpedoed by the GameStop frenzy, is shutting down. The firm lost billions of dollars as it scrambled to cover its bets against the video game retailer that became a darling of retail traders. As a subscriber, you have 10 gift articles to give each month. Anyone can read what you share.
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Who owns Netflix?
| Fund or Company Name | Citadel Advisors |
|---|---|
| Shares Held | 11M |
| Valued At | $4.0B |
| Change in Shares | 26% |
| As Of | Mar 2022 |
His bets against meme stocks such as GameStop Corp. GME -4.56%▼ were backfiring, and losses at his $12.5 billion hedge fund were mounting. Strangers angry about his wagers were bombarding him with threatening messages and texts.
What is current GME float?
Float percentage of total shares outstanding is the percentage of float shares relative to the total shares outstanding. As of today, GameStop's float shares is 66.90 Mil. GameStop's total shares outstanding is 304.52 Mil. GameStop's float percentage of total shares outstanding is 21.97%.
| Symbol Symbol | Company Name | Float Shorted (%) |
|---|---|---|
| EHAB EHAB | Enhabit Inc. | 64.29% |
| REV REV | Revlon Inc. Cl A | 60.47% |
| PMVP PMVP | PMV Pharmaceuticals Inc. | 49.79% |
| BBBY BBBY | Bed Bath & Beyond Inc. | 46.38% |
Chairman Ryan Cohen snapped up 100,000 more shares in the meme stock, according to a regulatory filing late Tuesday, taking his holding up to 11.9%. The purchase was made through Cohen's RC Ventures LLC Vehicle and takes his holding up to 9,101,000 shares.
Direct registration allows you to have your security registered in your name on the books of the issuer without the need for a physical certificate to serve as evidence of your ownership.
You may sell your shares through the DRS Sales Facility, administered by Computershare Trust Company, N.A. The types of sale orders available may be different for each company. You may go online at www.computershare.com/investor or call Computershare to find out what order types are available.
The Direct Registration System (DRS) allows registered securities to be held in electronic form without having a physical security certificate issued as evidence of ownership.
Its baseline GameStop share price forecast pointed to an average closing price of $140.057 on 27 July 2022. Meanwhile, the same service expected that the price could rise to $147.811 in December 2022. It further estimated the GME stock could move up to $204.204 by the end of December 2023 and close 2025 at $316.65.
Short interest: The latest data from Morningstar point out that 22.69% of GameStop's entire stock float was being shorted.
Why GameStop Shareholders Are Using DRS. Using DRS can provide transparency to an individual investor's asset ownership. Thus, some GameStop shareholders see in DRS an opportunity to protect their shares from possibly dubious trading practices.
Any transfer of shares from the account requires a Medallion Signature Guarantee. This requirement helps to protect the shareholders from an unauthorized transfer of book-entry shares. As the Broker you should have a DRS statement from the shareholder indicating the account that the shares should be withdrawn from.
Can I DRS from Robinhood?
Robinhood cannot DRS transfer, but they can transfer to another broker for a $75 fee. A popular choice is Fidelity, who can DRS transfer for free, and quickly.
DRS: Provides accurate, quick and cost-efficient transfers between transfer agents and broker/dealers. Ensures secure electronic transfer. Reduces the risk associated with physical securities processing, including turnaround delays, mail losses and risks associated with stolen, forged or counterfeit securities.
The company's largest shareholder is AustralianSuper Pty. Ltd., with ownership of 11%. Meanwhile, the second and third largest shareholders, hold 5.3% and 5.2%, of the shares outstanding, respectively.
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So, can GME stock reach $1,000 per share. It's certainly a possibility given that GameStop's dark pool trading percentage is rather high, according to Stonk-O-Tracker data. Dark pool trading in GameStop has ranged between 30%-50%. This means 30%-50% of short selling has occurred behind closed doors.
Although less intense than at the beginning of June, GME shares remain highly shorted. And borrow rates are high enough to squeeze short sellers on any spikes in buying volume.
Gamestop (GME) stock is likely to decline after the current overheated rally. The stock can still be profitable in the long term if revenue growth stays consistent. But investors should avoid buying GME stock due to the high short-term risk.
