Heavily shorted Gemini Space Station soared in premarket trading after Tyler and Cameron Winklevoss injected $100 million into the money-losing crypto exchange, buying Class A shares at $14 apiece in a bitcoin-funded transaction.
GEMI shares are up 20% in premarket trading after closing at $5.26 on Thursday, though the stock remains down 47% year to date.
Short interest is high at 21.5% of the float, equivalent to roughly 8.3 million shares, with 5.3 days to cover, leaving GEMI vulnerable to a squeeze on any sustained upside momentum.
"We believe the market has significantly undervalued Gemini, and that this investment will allow us to set up the company for its next phase of growth," CEO Tyler Winklevoss said in a statement.
Winklevoss noted, "Gemini has achieved several major product and regulatory milestones that position us well to evolve from a crypto company into a markets company. This investment will help fuel that ambition and set Gemini up for long-term success."
GEMI's first-quarter loss narrowed to $109 million from $149 million one year ago, while revenue jumped 42% to $50 million, helped by growth in services such as credit cards. The exchange went public in September 2025 and remains about 83% from its $28 listing price.
Analyst commentary (courtesy of Bloomberg):
Evercore ISI analyst Adam Frisch (in line, PT $5)
If was not for the strategic investment, the stock "would likely be down on the print as key metrics like user and revenue reacceleration fell well short of pre-IPO expectations"
"The strategic investment is the headline and should support the stock, but we do not view the underlying print as encouraging as fundamentals are not yet reaccelerating"
Mizuho analyst Dan Dolev
Gemini has a "solid start" to the year with these restults
The $100M capital investment and subsequent management commentary are positives
Truist Securities analyst Matthew Coad (hold, $5)
Analyst ratings:
The crypto exchange went public in September 2025 and remains 83% below its $28 listing price.
Tyler Durden Fri, 05/15/2026 - 07:45Authored by Zachary Stieber via The Epoch Times,
Forty-one people are under monitoring in the United States for hantavirus, the Centers for Disease Control and Prevention said on May 14.
Most of those being monitored were at one time on board the MV Hondius, a cruise ship that experienced an outbreak of the disease after it sailed from Argentina on April 1 to remote locations such as Antarctica.
Eighteen people were flown from the ship recently to medical facilities in Nebraska and Georgia for quarantining during the incubation period for the virus, which is up to 42 days.
Some other individuals left the ship before the hantavirus outbreak was detected and are at home in states such as Arizona and California.
The third group is composed of people who were exposed to hantavirus during travel because they came close to cruise ship passengers, particularly on planes, Dr. David Fitter, a CDC official, told reporters on a call.
Eleven Hondius passengers worldwide have been confirmed or are suspected to have contracted hantavirus, according to the World Health Organization. Three people who were on board and either tested positive or showed symptoms of the virus, such as fever, have died.
Humans typically contract hantavirus from infected rodents, but person-to-person transmission is believed to have occurred on board the vessel.
“Epidemiological investigations continue to better define epidemiological links between cases and exposure factors on the ship, as well as to try to understand the potential source of exposure,” the World Health Organization said in a statement on May 14.
No mandatory quarantine orders have been imposed as of yet in the United States.
“We are working closely with passengers and public health partners to ensure monitoring and rapid access to care if symptoms develop,” Fitter said.
“Our goal is to work with them and alongside them, building plans based on their specific situations to protect the health and safety of passengers and American communities. We understand that these passengers have already been through a difficult experience. This coordinated approach reflects our respect for them as partners in keeping themselves and their communities safe.”
Kansas officials said earlier Thursday that three residents who were not on the Hondius were exposed to a person with hantavirus.
The three are being monitored, according to the Kansas Department of Health and Environment.
Other states, including Maryland, New Jersey, and Washington state, have said residents were possibly exposed on flights.
The CDC says the risk to the public is low, with hantavirus transmission believed to only occur through close contact with infected people or their bodily fluids.
Tyler Durden Fri, 05/15/2026 - 07:20