** GameStop GME.N shares rise 3.4% to $27.88 after the bell

** Co reports Q3 net sales of $860.3 mln, down from $1.08 bln from a year ago

** Posts a net income of $17.4 mln, compared with a net loss of $3.1 mln from a year ago

** Reports a per share profit of 4 cents vs loss of 1 cent, a year earlier

** SG&A expenses were $282.0 mln for Q3, compared to $296.5 mln previously

** According to LSEG data, 7.8% of GME's float was sold short as of Nov. 15

** GME last traded at $26.93 vs median PT of $7.88 - LSEG data

** Including session moves, GME up 55.6% YTD

(Reporting by Abhinav Parmar in Bengaluru)

((Abhinav.parmar@thomsonreuters.com))