GameStop COO leaves after seven months on the job

New York, NY (CNN) GameStop chief operating officer Jenna Owens is leaving the company seven months after joining it, the company said in a regulatory filing.

The Texas-based company did not specify why Owens was leaving. The filing said both parties entered a separation agreement which went into effect on October 25.

Owens could not be reached. GameStop did not reply to a request for comment from CNN Business.

— but the Reddit traders fueled a "short squeeze," which occurs when short-sellers have to repurchase the shares they borrowed because the stock price is rising. GameStop, a video game and consumer electronics retailer, caught everyone's attention early this year when amateur investors on Reddit targeted the "meme stock, " sending its shares soaring. At the time, GameStop was being "shorted" by hedge funds — they were selling borrowed shares with the hope the price would dropbut the Reddit traders fueled a "short squeeze," which occurs when short-sellers have to repurchase the shares they borrowed because the stock price is rising.

The company's share price rose approximately 2,700 from its intraday low on January 8 to its intraday high on January 28, followed by a decrease of over 86% from that day to early February, according to a Securities and Exchange Commission report published in October.