Is the GameStop short squeeze over?

GameStop (NYSE: GME) shares took a big hit in premarket trading on May 16, dropping further after already experiencing significant losses the day before. This suggests that the frenzy around the meme stock might be losing steam.The traditional video game retailer saw its stock fall by almost 16% in premarket. This comes after the company had already seen steep declines of 19% respectively in the previous day.GME stock 24-hour price chart. Source: Google FinanceJust earlier this week, GameStop had experience ...