Their efforts, which surged in January, pushed the stock to $20 a share, up from $5, and allowed AMC to lighten its debt load by around $600 million. This forces short sellers to cover their short interest positions by buying actual shares of AMC, which in turn drives the price of the stock up even further. Learn More on AMC Entertainment's short interest ratio. According to CEO Adam Aron, the future of AMC's cash management will consist of supporting its core business operations, repaying high-interest loans, and also investing in growth initiatives. GameStop, AMC Short Sellers Lose $12 Billion As Retail - Wccftech The testimonials and examples used herein are exceptional results, which do not apply to the average member, and are not intended to represent or guarantee that anyone will achieve the same or similar results. S3 Partners, which calculates real-time short interest in the market, expects the squeeze to continue. A new note from S3 Partners highlights why short-selling AMC may not be worth the cost. To remove the impact of Covid-19 lets use 2018s and 2019s revenue, which are essentially the same, of $5.47 billion and Fridays market cap of $21.6 billion (compared to $11.8 billion last Friday). Get this delivered to your inbox, and more info about our products and services. There were 9,551 shorted equities with positive P\L, producing +$96.6 billion in profits, +14.4%. AMC's Stock Set Up For A Short Squeeze - Forbes AMC's business fundamentals are at their best levels since the pandemic, but short sellers continue to bet against the stock. What is AMC Entertainment's current short interest? It wasnt until yesterday, May 27, that it had broken those records. Get drawn at the end of the year for holiday giveaways. Indeed, according to S3 Partners Research, through early December . By downloading any information from s3partners.com your information may be shared with our educational partners or affiliates. A Division of NBCUniversal. In the end,, Congressman Introduces Legislation to Fire Gary Gensler, 35,000 Retail Investors Sign SEC Letter for New Rules, Antara Capital Discloses Shorting AMC Entertainment Stock, Mullen Now Working on $680,000 Federal Contract Agreement, Hester Peirce Lost for Words on MMTLP Scandal, Adam Aron Speaks on AMCs New Reverse Stock Split, Free Live Daily Updates: AMC Short Interest Today + more. The market is rampant with blatant stealing from retail investors and driving companies down illegally. AMC Entertainment Is Most Expensive Stock For Short Sellers, But What If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender. The recent rally off the June 16 lows (S&P 500 +5.36%, Nasdaq +7.57%, Russell 3000 +5.42%) has made some crowded shorts more squeezable. Image: S3 Partners, LLC. All rights reserved. For short side data and access to our research reports go to https://research.s3partners.com/ . Here is how the short interest of companies in the sector of "consumer discretionary" compare to AMC Entertainment: Cinemark Holdings, Inc. (25.76%), Grupo Televisa, S.A.B. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. Theaters were closed for several months to help stop the spread of the virus, and when the company reopened its doors, few consumers felt comfortable attending screenings, and movie studios held back new releases. Despite the company showing signs of recovery from the COVID pandemic, short sellers continue to bet against its stock.

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