The New York Stock Exchange (NYSE) has imposed a Short Sale Restriction (SSR) on GameStop after volume spiked to levels reminiscent of GameStop’s famous 2021 short squeeze.
GameStop (GME) short sales volume rose 234% within 24 hours, reaching 30.85 million shares sold on March 27.
The SSR was triggered as GameStop's stock fell 22% in a single trading day, wiping out its previous gains.
GameStop's short sale volume nears levels observed during the January 2021 short squeeze, which resulted in significant losses for short sellers and gains for retail traders.