According to a report by Zombit, Roaring Kitty, the catalyst behind the GameStop short squeeze event, has made a post on Reddit after a three-year hiatus. In the post published today, he shared a picture suggesting that he may hold call options for GameStop (GME) stocks worth $65.7 million and GME stocks worth approximately $115 million. As a result of this post, GameStop (GME) stock price surged more than 88% in pre-market trading compared to Friday’s closing price.
In response to this, global financial analysis firm ORTEX stated that the total losses for GameStop short sellers from Friday’s closing until now could amount to $1 billion.
