GameStop (GME) Sees Positive Buying Momentum

February 11, 2014 2:08 PM EST
GameStop (NYSE: GME) shares are lower today, but traders are seeing potential for some upside in the name.

Not much news is out on the name, through The Vanguard Group disclosed a slightly raised stake of 9,233,271 shares, or 7.97 percent, or GameStop stock held at the end of 2013. The position is a passive one.

Money flow on the name is positive $23.9 million Tuesday afternoon, with an uptick-to-downtick ratio at 2.4 times. The data suggests positive buying pressure on GameStop.

Short interest on GameStop recently rose 8 percent to 24.96 million shares at the end of December, or 22 percent of float.

GameStop is down 0.7 percent.

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