GMEGameStop Coin Price

On August 10, U.S. low-priced stock Hertz Global (HTZ) has recently become a focus of Reddit retail investors. Driven by better-than-expected second-quarter results, HTZ surged sharply after its earnings release, and the market has begun comparing the car rental company to the 2021 meme stock rallies such as GME and AMC. According to market data from BIT (bit.com), HTZ jumped about 30% on Thursday after earnings and continued to climb during Friday's session, with significantly higher trading volume, attracting discussions in retail communities such as WallStreetBets. MarketBeat data shows that as of July 15, HTZ short interest was approximately 97.54 million shares, accounting for about 31.2% of the float, with a days-to-cover of about 3.9 days. The high short interest ratio combined with the sudden rally made short covering a major driver of this round of price movement. The fundamental catalyst came from Hertz's latest earnings report. The company reported second-quarter revenue of approximately $2.396 billion, up about 10% year-over-year; net income of approximately $64 million, compared with a loss of $294 million in the same period last year. The company posted a loss of $0.11 per share, better than the market's expected loss of $0.24; adjusted EBITDA was approximately $81 million, near the upper end of its guidance range. Improving used-car prices are also expected to ease earlier market concerns about declining fleet residual values. This price action occurred against a backdrop of improving risk appetite in U.S. stocks. Last Friday, unexpectedly weak U.S. employment data cooled market bets on further Fed rate hikes. The 10-year Treasury yield fell to around 4.64%, the S&P 500 hit a record high, the Nasdaq rose 1.3%, and the small-cap Russell 2000 index also strengthened. As capital returns to high-beta assets, low-priced, heavily shorted stocks like HTZ are more likely to become targets for short-term trading. However, compared with GME in 2021, HTZ's current short squeeze structure still has gaps. SEC reports from that year showed that GME's short interest once exceeded 100% of its float, whereas HTZ currently has about 30% of its float shorted. Although high, it has not reached extreme levels.

 GameStop (GME.N) fell 6.3% pre-market as third-quarter revenue missed expectations.

DWF Labs may become a market maker for GME token. It is reported that the GME project announced today on the X platform that it will cooperate with a leading market maker, and DWF Labs' official X account has just followed the GME project's X platform account.