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GameStop Stock Plunges 22%, Triggering Short Sale Restrictions Amid Bitcoin Acquisition Plans
- GameStop’s stock plunges 22%, triggering NYSE short sale restrictions on March 27.
- Short interest surged 234% to 30.85 million shares, a rare leap seen earlier in 2021.
- GameStop plans a Bitcoin acquisition, but analysts raise concerns about its business strategy.
- Short-selling pressure on the company decreased as the SSR rule became active.
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