Gamestop Explodes In Early Trading, Nears $10 BIllion Market Cap; Is AMC Next The mega squeeze in Gamestop shares continued on Monday morning, which as a reminder has short interest higher than its float. is this right pic.twitter.com/mVfitVff5b — zerohedge (@zerohedge) https://twitter.com/zerohedge/status/1349692568787951619?ref_src=twsrc%5Etfw!function(d,s,id){var js,fjs=d.getElementsByTagName(s)[0],p=/^http:/.test(d.location)?'http':'https';if(!d.getElementById(id)){js=d.createElement(s);js.id=id;js.src=p+"://platform.twitter.com/widgets.js";fjs.parentNode.insertBefore(js,fjs);}}(document,"script","twitter-wjs"); Emboldened by Friday's frantic surge which made "the Big Short" Michael Burry even richer, aggressive reddit and Robinhood daytraders continued to press their historic squeeze of the trapped shorts, and on Monday GME stock exploded higher, more than doubling from its Friday close and hitting an all time high of $136.63 - representing a market cap just shy of $10 billion - before fading some of gains and currently trading at $95. And as the mauling of professional shorters continues, and as rabid investors look for the short squeeze, we expect the many of the names we listed on Friday as the most likely squeeze candidates - those Russell 3000 stocks with a short interest at 50%+ of float - are set to continue their surge. In fact, one of these companies, AMC is already sharply higher on Monday morning, following a report that AMC CEO and President Adam Aron said that “Any talk of an imminent bankruptcy for AMC is completely off the table,” after the company raised an additional $917 million for capital infusion. Depending on which data source one uses, the AMC short interest is anywhere between 40% and 58% of float, so expect much more upside here. Tyler Durden Mon, 01/25/2021 - 07:17