GameStop Takes a Big Hit This Week
I’ve been following GameStop’s stock pretty closely lately, and wow, what a week it’s been! On March 27, 2025, I checked the numbers and saw that the stock closed at $22.09 on the NYSE after dropping a massive 22.211%, that’s a $6.27 loss in just one day. I even looked at the short-selling data on TradingView, and the numbers were wild. Short volume has been shooting up (TradingView FINRA GME Short Volume). Then I saw that the NYSE had to step in with some GameStop stock restrictions to try to calm things down.
GameStop’s short sale volume reached 30.88 million on March 27. Source: TradingView
Why Did the NYSE Put Restrictions in Place?
I was wondering why the NYSE got involved, so I did a little more research. Turns out, when a stock drops more than 10% in a single day, like GameStop did on March 27, it triggers something called the Short Sale Restriction (SSR) rule. I first heard about this from a guy named Han Akamatsu on X, who posted a screenshot from Stonk O Tracker showing that the SSR rule was “on” for GameStop that day (Han Akamatsu’s X post). From what I understand, these GameStop stock restrictions mean short sellers can’t just keep shorting the stock while it’s falling—they can only do it if the price is going up. It’s like a speed bump to stop them from pushing the price down even more.
Source: Hans Akamatsu
I remember this kind of thing happening back in 2021 when GameStop had that huge squeeze. I was following the whole saga on Reddit, where people on r/WallStreetBets were going nuts trying to stick it to the short sellers. It was such a time! This time around, though, it feels like the short sellers are the ones in control, and the NYSE had to put these GameStop stock restrictions in place to keep things from getting totally out of hand.
Short Sellers Are All Over GameStop
The short-selling volume I saw on TradingView opened my eyes to how intense things have gotten. So many people are betting against GameStop right now, and it’s no wonder the stock is taking such a beating. I’ve always thought short selling was kind of a wild concept, you borrow shares, sell them, and hope you can buy them back cheaper later to make money. But with GameStop, it feels like a risky game. The stock can be so unpredictable, and with all the attention it’s getting, I’m not surprised the NYSE felt like they had to do something.
GameStop’s price has been all over the place lately. I think it was around $28 just a couple of weeks ago, and now it’s down to $22.09.
How Does This Affect People Like Me?
I own a few shares of GameStop myself. I bought them a while back because I used to love going to their stores as a kid to pick out new video games. But now, I’m not sure what to think. The GameStop stock restrictions might help stop the price from falling too much more, but they don’t completely stop short selling. Han’s post on X said that short sellers can still get in if the stock starts going up, which makes me think we might see some big swings in the price soon.
What’s Next for GameStop?
I’m curious to see how things play out in the next few days. The GameStop stock restrictions only last for a day or two after the big drop, so by March 28, short sellers might be back at it full force. I’ll be checking the short volume data on TradingView to see if the trend keeps going. For now, I’m holding onto my shares and hoping GameStop can bounce back. It’s been a bumpy ride, but I’m rooting for them to pull through.
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I am Toby Rothschild, Co-Founder of Spearmint and author at Coinography, and a strategist focused on advancing Web3 innovation, digital ecosystems, and the future of decentralized technology. I combine product thinking, creative leadership, and deep interest in emerging trends to help shape how individuals and organizations interact with the next generation of digital systems.
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