GameStop Corp (GME  ) has become the talk of Wall Street once again, closing at $46.55 for a staggering 47.45% jump on Thursday. However, the stock was down 13.9% during Friday morning trading following the company's earnings miss.

Roaring Kitty's Live Stream Event At Noon Moves Markets

The meme stock, up 88.54% over the last year and 165.54% year-to-date, has seen most of its meteoric rise in just the last month, skyrocketing 179.54%. The catalyst? The return of none other than Keith Gill, aka Roaring Kitty.

Gill, famous for his role in the 2021 GameStop short squeeze saga, announced a YouTube live stream scheduled for 12 p.m. ET on Friday, sending shares momentarily up 34% in premarket trading. As the earnings news settled in, the stock was seen sliding.

His enigmatic tagline, "I'll wager with you, I'll make you a bet," has sparked investor frenzy despite his cautionary disclaimers about past performance and personal opinions.

GME Short Interest Remains Sky-High

It's not just Gill driving the buzz. GameStop's short interest remains sky-high, with 68.39 million shares shorted, equating to 21.84% of the float. The short interest ratio is a mere 0.70 days to cover, highlighting the intense pressure on short sellers.

Recent data from FINRA reveals that off-exchange short volume has surged, with the ratio hitting 49.46% on June 6.

Reddit user welp007 from r/Superstonk noted, "$GME short volume has gone parabolic for the 3rd time this week, up a staggering 174%."

The Last Word: As GME's short volume continues to climb and Roaring Kitty stirs the pot, investors are bracing for a wild ride. Whether you're a seasoned trader or a retail investor, the GameStop saga is far from over.