How many GameStop shares are Drs?
More recent data from May are not yet official, but GameStop's shareholders estimate on Reddit that the number of shares locked up through DRS already exceeds 14 million shares.
GameStop (GME) reports 12.7 million shares directly registered with ComputerShare as of April 2022. GameStop has stated that 12.7 million of its shares were registered through its transfer agent.
In GameStop's case, the DRS issuer is ComputerShare. According to data provided by GameStop's own management during the last earnings call, about 8.9 million of GME's shares were registered at ComputerShare — that's a 3.7 million increase since the beginning of December 2021.
Short Sellers, DRIPs, and Gifting
Your broker can lend your shares to short sellers when you hold stock in a street name. Short sellers can drive down the price by selling the stock short, which is selling a borrowed stock, then buying it back cheaper.
It can take up to five business days for a transfer agent to deliver the requested shares. Additional documentation may be required for some Over-the-Counter/Bulletin Board (OTC/BB) securities before a request is submitted.
You may sell your shares through the DRS Sales Facility, administered by Computershare Trust Company, N.A. The types of sale orders available may be different for each company. You may go online at www.computershare.com/investor or call Computershare to find out what order types are available.
Its baseline GameStop share price forecast pointed to an average closing price of $140.057 on 27 July 2022. Meanwhile, the same service expected that the price could rise to $147.811 in December 2022. It further estimated the GME stock could move up to $204.204 by the end of December 2023 and close 2025 at $316.65.
The company's largest shareholder is AustralianSuper Pty. Ltd., with ownership of 11%. Meanwhile, the second and third largest shareholders, hold 5.3% and 5.2%, of the shares outstanding, respectively.
Any transfer of shares from the account requires a Medallion Signature Guarantee. This requirement helps to protect the shareholders from an unauthorized transfer of book-entry shares. As the Broker you should have a DRS statement from the shareholder indicating the account that the shares should be withdrawn from.
Who owns the most GME stock?
| Stockholder | Stake | Total value ($) |
|---|---|---|
| The Vanguard Group, Inc. | 7.73% | 800,775,789 |
| BlackRock Fund Advisors | 6.27% | 648,897,468 |
| SSgA Funds Management, Inc. | 2.23% | 231,307,588 |
| Geode Capital Management LLC | 1.07% | 110,501,075 |
Short interest: The latest data from Morningstar point out that 22.69% of GameStop's entire stock float was being shorted.
Although less intense than at the beginning of June, GME shares remain highly shorted. And borrow rates are high enough to squeeze short sellers on any spikes in buying volume.
DRS: Provides accurate, quick and cost-efficient transfers between transfer agents and broker/dealers. Ensures secure electronic transfer. Reduces the risk associated with physical securities processing, including turnaround delays, mail losses and risks associated with stolen, forged or counterfeit securities.
Direct registration allows you to have your security registered in your name on the books of the issuer without the need for a physical certificate to serve as evidence of your ownership.
Brokerages are able to lend out your shares to short sellers. In many cases broker-dealer can also rehypothecate – borrowing against assets that have been posted as collateral by their clients. After the 2008 crash, rehypothecation was limited to 140% of the loan amount.
Many online discount brokers offer this service and provide the relevant forms on their website. However, most will also charge you a fee – $30-50 seems to be typical – for the transfer out, on top of the dealing commission you already paid to buy the share. Traditional brokers will often charge significantly more.
Robinhood cannot DRS transfer, but they can transfer to another broker for a $75 fee. A popular choice is Fidelity, who can DRS transfer for free, and quickly.
DRS (Direct Registration System) is a service offering by The Depository Trust Company (DTC) that provides registered shareholders of the issuer with the option of holding their assets (shares) on the books and records of the transfer agent in book-entry form instead of a physical stock certificate.
Selling is where direct registration carries the biggest disadvantage. More often than not, no matter what you do, you can't immediately sell your stock. That means the stock price may change between the time you decide to sell and when your shares are actually sold.
Can GME hit 1000?
So, can GME stock reach $1,000 per share. It's certainly a possibility given that GameStop's dark pool trading percentage is rather high, according to Stonk-O-Tracker data. Dark pool trading in GameStop has ranged between 30%-50%. This means 30%-50% of short selling has occurred behind closed doors.
The share split is set to occur on July 21 by a four-to-one ratio which means anyone holding one share of GameStock will be receiving three additional shares but each share value will be one-fourth the price they formerly traded at.
Gamestop (GME) stock is likely to decline after the current overheated rally. The stock can still be profitable in the long term if revenue growth stays consistent. But investors should avoid buying GME stock due to the high short-term risk.
Computershare is a company that handles tracking of investor's accounts and records. Previously, GameStop had 5.2 million shares registered with Computershare, so this bumps it up a whopping 3.7 million.
The short answer: Computershare is possibly the most legit source you can choose to purchase stock. When a company goes public through an IPO, or wants to raise capital through an additional offering, it is the issuer and must keep track of who the shareholder base is.
Wells Fargo CTS was acquired by Computershare in November 2021. As Computershare Corporate Trust, our team of more than 2000 employees continues our commitment to deliver high quality service to our entire client base. For more information, visit Computershare.com/corporatetrust .
It is available at our website, computershare.com, or by writing us at 100 University Avenue, 11th Floor, Toronto, Ontario, M5J 2Y1. Computershare will use the information you are providing in order to process your request and will treat your signature(s) as your consent to us so doing.
| Shares Outstanding | 302,961,152 shares |
|---|---|
| Insider Shares | 48,699,800 shares |
| Insider Ownership | 16.07% |
| Total Insiders | 14 |
2022-02-01 - BlackRock Inc. has filed an SC 13G/A form with the Securities and Exchange Commission (SEC) disclosing ownership of 5,194,518 shares of GameStop Corp. (US:GME). This represents 6.8 percent ownership of the company.
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Vanguard Group Inc ownership in GME / GameStop Corp.
| Security | GME / GameStop Corp. |
|---|---|
| Institution | Vanguard Group Inc |
| Latest Disclosed Ownership | 5,931,837 shares |
| Ownership | 7.77% |
Is GME going to short squeeze?
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GameStop short squeeze: Short interest rises in July.
GME Is Among the Top 10 Most Unprofitable Shorts in July (So Far) According to a report published by S3 Partners on July 21, GameStop has been among the top 10 most unprofitable stocks for short sellers during July 2022. So far this month, short sellers have already lost $443.4 million on GME.
On January 26, it was reported that short sellers had lost a total of $6 billion due to the squeeze. According to Morgan Stanley, a number of hedge funds covered their short positions and sold shares in their portfolio to reduce leverage and market exposure, in some of the largest such actions within 10 years.
Direct registration allows you to have your security registered in your name on the books of the issuer without the need for a physical certificate to serve as evidence of your ownership.
Computershare is a company that handles tracking of investor's accounts and records. Previously, GameStop had 5.2 million shares registered with Computershare, so this bumps it up a whopping 3.7 million.
DRS (Direct Registration System) is a service offering by The Depository Trust Company (DTC) that provides registered shareholders of the issuer with the option of holding their assets (shares) on the books and records of the transfer agent in book-entry form instead of a physical stock certificate.
Its baseline GameStop share price forecast pointed to an average closing price of $140.057 on 27 July 2022. Meanwhile, the same service expected that the price could rise to $147.811 in December 2022. It further estimated the GME stock could move up to $204.204 by the end of December 2023 and close 2025 at $316.65.
