GameStop Corp. GME shares are trading higher by 9.70% to $30.87 Monday morning amid strength in 'meme stocks' and despite a lack of company-specific news. The stock was haltedon volatility early Mondayand has since resumed trading.

The stock is trendingacross social media platforms and GameStopis the #1-trending ticker on social media platform Stocktwits. The stock already has a session volume exceeding 11.30 million, nearly tripling the average volume of 4.64 million.

See Also:How Will Elon Musk's Twitter Takeover Impact Trump's Truth Social, Kanye West's Parler, And Other Social Media Upstarts?

GameStop shares may also be experiencing a short squeeze Monday morning.GameStop has a total share float of 268.00 million, of which 20.13% of shares are sold short.