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• 1 、The protagonist of the short GameStop battle: Melvin Capital closed all open short positions in Q1 of 2021...

The protagonist of the short GameStop battle: Melvin Capital closed all open short positions in Q1 of 2021...

1. To sum up, Melvin Capital closed all open short positions in the first quarter of 2021, which was a major adjustment it made after the GameStop incident. Although the fund may still short stocks in the traditional way, its future market performance will depend on a combination of factors.

2. Melvin Capital: With funds under management of US$12.5 billion, it suffered a 30% loss in the first three weeks of 2021 due to shorting GME, and was forced to close its short position on January 27. Citron: A well-known short seller on Wall Street was attacked by retail investors after issuing a bearish report. It finally declared "family first" and stopped expressing opinions.

3. The U.S. retail investors fought short sellers, which led to a surge in U.S. stock games and shook the global financial industry. Such a drama was called the story of "David vs. Goliath" by some media. This unprecedented stock market tug-of-war is unfolding between US forum Reddit users and Wall Street bears. On January 27, the game station rose more than 120% before the market. After U.S. stocks opened, Game Station continued to soar, and even blew out for a while; at the close, it rose 134% to $3451.

4. On April 25, hedge fund Melvin Capital suffered heavy losses due to retail investors and had to seek help. After the news was released, retail investors became even more motivated. Users in WSB issued mobilization letters many times to mobilize users to break short positions. After the market opened on Monday, GME's share price raced like a runaway horse, reaching an intraday high of $157.