Michael Burry of "The Big Short" fame said he sold GameStop because he dislikes its plan to buy eBay, and has opened an "outright short" on Palantir.

Video game retailer GameStop is known for a lot of reasons, but perhaps the firm's biggest claim to fame is the famous short squeeze that sent shares of the video game retailer and similarly situated "meme stocks" soaring.

Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short ...

Michael Burry said he wasn't sure he'd last the week with his GameStop stake intact after Ryan Cohen's bold bid for eBay.

CNBC's Jim Cramer urged investors shorting Kohl's stock to close their positions, citing the risk of a GameStop-like short squeeze. Nearly 50% of Kohl's available shares were being shorted, making it vulnerable to a price surge driven by retail investors.