Heavily-Shorted GameStop (GME) Lower Into Q2 Report

August 21, 2013 3:59 PM EDT
GameStop Corp. (NYSE: GME) is lower into the close Wednesday, with the company expected to report Q2 results Thursday morning.

The Street is looking for GameStop to report Q2 EPS of $0.04 with sales of $1.35 billion, from EPS of $0.16 and revs of $1.55 billion reported in the same period last year.

Notably, video game sales have been rather laggy as most await the release of next-generation video game consoles later this year. Traders might keep an ear peeled for management commentary on that development.

Also, short interest is at 24.74 million shares, or 21.5 percent of float. Any positive news might cause a rapid rise in the stock.

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