Short-sellers are remaining on estimated losses of $70.87 billion from their short placements in UNITED STATE business up until now this year, information from financial information analytics strong Ortex revealed on Thursday.

The significant losses come as shares of highly-shorted GameStop leapt greater than 1,000% in the past week without a clear business reason, forcing short-sellers to redeem into the supply to cover prospective losses– specified as a short-squeeze– while retail financiers after that piled in to benefit from the rise.

Chasing after shorted companies ended up being a trend among retail traders, rippling across U.S. markets and Europe. Ortex data showed that as of Wednesday, there were loss-making short placements on greater than 5,000 U.S. companies.

Its information also revealed that projected losses from shorting GameStop at $1.03 billion year-to-date, while those shorting Bed, Bath & Beyond were checking out a $600 million loss.

Ortex stated the numbers are based on the adjustment in trading rates between the beginning of January to Wednesday’s close, and the number of brief placements. The business resources short passion data from submissions by representative loan providers, prime brokers, and broker-dealers.