GameStop attracts large investors as shorts back off
Thanks to retailer's new strategy, analysts see revenue on track for fourth straight year of growth
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San Francisco
GAMESTOP, one of the most shorted US stocks, has started to attract institutional buyers and dissuade some traders betting against it as it fights off a consumer shift toward downloading video games and its depressed share price stabilises.
Shares of the retailer dropped from US$46 to US$25 in the two months through mid-January and then recovered to just over US$30, where they've hovered steadily in recent weeks.
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