By Reuters Staff2 Min Read(Reuters) – Activist investor Carl Icahn has a sizeable brief place in online game retailer GameStop Corp, Bloomberg News reported on Monday, citing sources acquainted with the matter.FILE PHOTO: Billionaire activist-investor Carl Icahn offers an interview on Fox Business Network’s Neil Cavuto present in New York, U.S. on February 11, 2014. REUTERS/Brendan McDermid/File PhotoGameStop, which is among the many so-called “meme stocks”, was well-liked amongst retail traders in the course of the pandemic in what got here to be often called the “short squeeze”.Short-sellers borrow shares and promote them, searching for to revenue by returning them after shopping for the inventory again at a lower cost.Icahn started shorting the inventory round January 2021, the report added however didn’t present particulars of the dimensions of Icahn’s place.The inventory, which has misplaced almost a 3rd of its worth thus far this 12 months, fell about 9% on Monday.Short curiosity in GameStop’s inventory could be very excessive, with 17.53% of the corporate’s excellent shares shorted as of Oct. 31, in line with Refinitiv knowledge. In comparability, brief pursuits in Apple Inc, the world’s largest public firm, and Tesla Inc, the world’s most beneficial auto maker, are 0.65% and is 2.43%, respectively, in line with Refinitiv knowledge.In September, GameStop introduced a partnership with Sam Bankman-Fried’s FTX US to extend its presence within the cryptocurrency house whilst analysts stated the partnership was “unlikely to yield meaningful revenue or profit”.Earlier this month, FTX filed for chapter safety within the U.S. within the largest crypto trade blow up until date.The retailer executed a four-for-one inventory cut up this 12 months, the inventory rose a split-adjusted excessive of over $120 in Jan. 2021.Icahn Enterprises didn’t instantly reply to a Reuters request for remark.Reporting by Akash Sriram and Manya Saini in Bengaluru; Editing by Krishna Chandra EluriOur Standards: The Thomson Reuters Trust Principles.