GameStop Corp. (NYSE:GME) Short Interest Update

GameStop Corp. (NYSE:GME) saw a significant decline in short interest during the month of April. As of April 15th, there was short interest totalling 59,950,000 shares, a decline of 8.7% from the March 31st total of 65,690,000 shares. Based on an average daily trading volume, of 3,910,000 shares, the short-interest ratio is presently 15.3 days.

GameStop Stock Down 5.1 %

Shares of NYSE:GME traded down $0.61 during trading on Monday, hitting $11.29. The company’s stock had a trading volume of 3,820,282 shares, compared to its average volume of 3,848,276. The company has a market capitalization of $3.45 billion, a PE ratio of 564.78 and a beta of -0.45. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.44 and a current ratio of 2.11. GameStop has a fifty-two week low of $9.95 and a fifty-two week high of $27.65. The business has a 50 day moving average price of $12.78 and a two-hundred day moving average price of $14.01.

GameStop (NYSE:GME) last released its earnings results on Tuesday, March 26th. The company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.07). The company had revenue of $1.79 billion for the quarter, compared to analyst estimates of $2.05 billion. GameStop had a return on equity of 1.35% and a net margin of 0.13%. The company’s revenue for the quarter was down 19.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.16 earnings per share. As a group, research analysts expect that GameStop will post 0.01 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Wedbush decreased their target price on GameStop from $6.00 to $5.60 and set an “underperform” rating on the stock in a research note on Wednesday, March 27th. StockNews.com raised shares of GameStop from a “sell” rating to a “hold” rating in a research report on Wednesday, March 27th.

Insiders Place Their Bets

In related news, insider Daniel William Moore sold 7,779 shares of the company’s stock in a transaction dated Wednesday, April 24th. The shares were sold at an average price of $10.20, for a total value of $79,345.80. Following the completion of the sale, the insider now owns 13,606 shares of the company’s stock, valued at $138,781.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, General Counsel Mark Haymond Robinson sold 4,379 shares of the firm’s stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $11.61, for a total transaction of $50,840.19. Following the completion of the sale, the general counsel now directly owns 64,308 shares of the company’s stock, valued at approximately $746,615.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Daniel William Moore sold 7,779 shares of the stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $10.20, for a total transaction of $79,345.80. Following the transaction, the insider now directly owns 13,606 shares of the company’s stock, valued at approximately $138,781.20. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 27,207 shares of company stock valued at $285,048. Insiders own 12.64% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in GameStop by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 25,450,256 shares of the company’s stock worth $446,143,000 after buying an additional 167,145 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in GameStop by 12.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,606,532 shares of the company’s stock worth $45,693,000 after purchasing an additional 289,947 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in GameStop by 0.8% in the third quarter. Bank of New York Mellon Corp now owns 2,137,069 shares of the company’s stock valued at $35,176,000 after purchasing an additional 16,875 shares in the last quarter. Northern Trust Corp increased its stake in GameStop by 2.1% in the third quarter. Northern Trust Corp now owns 1,932,666 shares of the company’s stock valued at $31,812,000 after purchasing an additional 40,602 shares during the last quarter. Finally, Van ECK Associates Corp raised its holdings in GameStop by 8.1% during the fourth quarter. Van ECK Associates Corp now owns 1,331,536 shares of the company’s stock worth $23,342,000 after purchasing an additional 100,084 shares in the last quarter. Hedge funds and other institutional investors own 29.21% of the company’s stock.

GameStop Company Profile

GameStop Corp., a specialty retailer, provides games and entertainment products through its stores and ecommerce platforms in the United States, Canada, Australia, and Europe. The company sells new and pre-owned gaming platforms; accessories, such as controllers, gaming headsets, and virtual reality products; new and pre-owned gaming software; and in-game digital currency, digital downloadable content, and full-game downloads.