Cramer urges GameStop to capitalize on frenzy and issue new stock to pay off debt

CNBC's Jim Cramer said Friday that GameStop should sell stock to take advantage of the dramatic rise in its stock price over the past two weeks.

The extreme rise for heavily shorted stocks has seen some companies take advantage by issuing new shares, allowing them to raise millions in cash more easily than would have been possible just a few weeks ago. But GameStop, the brick-and-mortar video game retailer at the center of the storm, has made no such move.