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Reuters
Analysis-Shorts circle GameStop and AMC, sensing retail fatigue
Bearish investors are ramping up bets against meme stocks GameStop Corp and AMC Entertainment Holdings Inc, spotlighting how short sellers have grown bolder during a broader market selloff that has pummeled risky post-pandemic favorites once beloved by retail traders. “Retail investors are at a point now where they are just sitting on the sidelines and they’ve lost money in many cases,” said Randy Frederick, managing director of trading and derivatives at the Schwab Center for Financial Research. At the same time, “institutional investors don’t have the luxury of sitting on sidelines and they are much more comfortable going short so they are becoming the more dominant player in the market,” he said.
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