Investors betting against the most well-known meme stocks have lost about $2.1 billion this month after the shares soared in value, prompting a short squeeze.
AMC Entertainment Holdings Inc.’s 60% rally has pushed mark-to-market losses for short-sellers to $868 million, S3 Partners data show. Similar bets against Bed Bath & Beyond Inc. and GameStop Corp., which have surged 400% and 22%, respectively, in August, lost $1.23 billion combined.
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