Is GameStop stock still shorted?

A few days later, after things had calmed down a bit, users on the Reddit board r/wallstreetbets noted that GameStop stock was still heavily-shorted and decided to buy up shares of the company to further drive up the price and force the hand of short-sellers.

Is GameStop just a game?

"GameStop Is Just a Game". Bloomberg News. Archived from the original on January 27, 2021. ^ Duffy, Clare (February 23, 2021). "GameStop CFO resigns a month after the Reddit trading frenzy". CNN. ^ Gilbert, Ben (February 23, 2021). "GameStop's CFO exits as the company attempts a 'transformation' led by activist investor Ryan Cohen".

Could GameStop become the chewy of video games?

If enough investors believe GameStop could develop a loyal online customer base, becoming the Chewy of video games, nothing might dissuade them from that view. In fact, they could help the company along by allowing it to raise capital. The number crunchers said it was very difficult to see a future that justified the current stock price.

Could GameStop take advantage of the mania in its stock?

With its future far from certain, GameStop could take advantage of the mania in its stock by issuing new shares. That would bring in a considerable amount of new money that could be used to reduce debt and give it resources to invest in its business.