According to previous reports by Zombit, Roaring Kitty, the promoter of the GameStop short squeeze event, once again posted on the Reddit forum after three years. In an article published today, he showed an image suggesting that he may hold call options on GameStop stock (GME) worth $65.7 million and GME shares worth about $115 million. GameStop (GME) shares surged pre-market as a result of this article, rising more than 88% from Friday's closing price.

In this regard, global financial analysis company ORTEX said that the total losses of GameStop short sellers since the close of last Friday may be as high as US$1 billion.

$GME❖ GAMESTOP SHORT SELLERS SET TO LOSE $993 MLN SINCE FRIDAY’S CLOSE AT $39.89 PREMARKET, ORTEX SAYS

— *Walter Bloomberg (@DeItaone) June 3, 2024

This article Meme stock GME surged more than 88% before the market opened, and the analysis company estimated that the Air Force would lose 1 billion mg of magnesium. It first appeared on Zombit.