Eugene Investment & Securities “lower possibility of spreading game stop in the US stock market”
(Seoul = Yonhap News) Reporter Park Won-hee = Eugene Investment & Securities[001200]On the 1st, “I expect the’game stop situation’ to stop soon.”
Kang Dae-seok and Heo Jae-hwan, researchers at Eugene Investment & Securities said, “In the end, the stock price will return to the intrinsic value of the company.”
Two researchers said, “Individual investors spread their buying trend to AMC Entertainment, Bed Bath & Beyond, etc., which have a high proportion of short selling balances. Some hedge funds using short selling strategies to cover losses by selling other It is analyzed that the market sentiment has contracted.”
Still, “I think it is unlikely that this phenomenon will spread in the US stock market.”
As it rises, the short selling balance of US stocks compared to current stocks is the lowest level since 2012.”
Given the large weight on the buy position, it is unlikely that the front line between individuals and hedge funds will expand.
However, he pointed out, “If individual investors receive cash due to the passage of additional stimulus measures by the United States, the possibility that market volatility will increase as similar cases are repeated is a risk factor.”
The two researchers said, “Even though (GameStop’s) stock price rose 400% last week, short selling volumes are estimated to have decreased by only 8%.” It means that hedge funds such as these have closed their positions, while other hedge funds have started selling new positions at a sharply rising price.”
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