AMC Stock, Business News, Community, Finance News, Investing News, Market News, Meme Stocks, Reddit Stocks, Stock Market News, Adam AronAMC ApesAMC EntertainmentAMC Entertainment NewsAMC NewsAMC Short InterestAMC Short SqueezeAMC Short Squeeze 2023AMC Short Squeeze NewsAMC StockAMC Stock NewsAMC Stock RedditAMC StocktwitsBusiness NewsFinance NewsInvesting NewsMarket NewsStock Market News. All rights reserved. The more than 1,100% jump in AMC's stock since January has defied Wall Street analyst predictions. At its peak, the stock reached $36.72 a share. (Disclaimers: this is not investment advice. (Photo by Ethan Miller/Getty Images), AMC stock price (right axis) and number of shares, There is a large amount of dollars at risk on the short side (high short interest), There is a large proportion of a securitys tradable float shorted (high S3 SI % Float), There is scarcity of stock loan supply (high stock borrow fees), There is limited daily trading volume (high days to cover). Changes in short volume can be used to identify positive and negative investor sentiment. (Photo by Ethan Miller/Getty Images), chart on GameStop is available via his tweet, There is a large amount of dollars at risk on the short side (high short interest), There is a large proportion of a securitys tradable float shorted (high S3 SI % Float), There is scarcity of stock loan supply (high stock borrow fees), There is limited daily trading volume (high days to cover), AMC short interest is $4.53 billion of $21.6 billion market cap, Shortsare now down $3.91 billion in year-to-date mark-to-market losses, This includes up $302 million on Fridays decline of 6.7%, Shorts are down $1.99 billion or 52%, last week, Dec. 31, 2017: $1.58 billion with $5.08 billion in revenue = 0.31x market cap to revenue, Dec. 31, 2018: $1.48 billion with $5.46 billion in revenue = 0.27x market cap to revenue, Dec. 31, 2019: $747 million with $5.47 billion in revenue = 0.14x market cap to revenue, Dec. 31, 2020: $248 million with $1.24 billion in revenue = 0.20x market cap to revenue, GME short interest is $2.99 billion of $17.6 billion market cap, Shortsare still down $6.77 billion in year-to-date mark-to-market losses, This includes up $114 million on Fridays decline of 3.8%, Shorts are down $294 million or 10%, last week, Fiscal 2021 revenue: $5.43 billion estimate, Fiscal 2022 revenue: $5.37 billion estimate, GameStop has a market cap of $17.6 billion, Which is 13.8 times greater than December 31, 2020s market cap of $1.3 billion, And 2.1x market cap to fiscal 2018s revenue. By the end of May, that number had grown to 109.83 million shares. AMC has 13.8% of its float shares sold short after a 6.2% increase . The highest stock borrow fees, as of September 30th, for stocks with over $100 million of short interest were: Short sellers were up +$47.2 billion in 3rd quarter mark-to-market profits, +4.02%. FCF was negative $300 million. S3 Partners founder Robert Sloan examines the short-selling activity surrounding AMC and the top short-squeeze risks. AMC Entertainment saw a decline in short interest in the month of April. Thank you for all your help. The more than 1,100% jump in AMC's stock since January has defied Wall Street analyst predictions. But it's getting close to reaching pre-pandemic levels. Learn More. He speaks with Bloomberg's Matt Miller on "Bloomberg Markets." (Source: Bloomberg) If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender. An increase in short sale volume suggests bearish (negative) sentiment among investors. As far as the company's balance sheet is concerned, free cash flow (FCF) suffered in the first quarter. Down 66%, Is Beyond Meat Stock Finally a Buy? AMC has not yet fully recovered from the effects of the pandemic. Short interest in the domestic market decreased by -$23.9 billion, or -2.23%, to $1.05 trillion in the fourth quarter of . The rising 200-day average is currently near the $14 level, representing potential downside of 60% from current levels. With the Russell 3000 down only -0.43% for the quarter, short sellers outperformed the market significantly by being good stock pickers. AMC's business has been under extreme duress. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN. Short interest is typically published by a stock exchange once per month. AMC's new retail investors, who stand at 3.2 million strong, owned about 80% of the company's 450 million outstanding shares as of March 11, AMC reported earlier this month. Not surprisingly, AMC was the most expensive stock to short in the first quarter, costing short sellers $225 million in stock borrow fees. This website uses cookies to improve your experience. Please add MMTLP to your list, and GTII, and GNS. Which stocks are the most shorted right now? Before Covid-19 hit the economy in 2020 AMC had lost money and had negative free cash . Opinions expressed by Forbes Contributors are their own. For stock market, business news and updates,join the newsletterto receive weekly market news and notifications straight to your inbox. The Miscellaneous (primarily SPACs) sector has the largest SI % Float at 9.59% and Consumer Discretionary (6.45%) was the only other sector over 6%. There were 6,195 shorted equities with negative P\L, producing -$49.4 billion in losses, -9.8%. Another moving average traders will likely have their eye on if AMC falls below its 50-day is the longer-term 200-day moving average. "They will never generate cashwith their current capitalstructure. Though the company ended the first quarter with $1 billion in liquidity, the most it's ever had in its 100-year history, that cash will only keep it afloat through 2022 unless audiences return in droves to make up for months of no revenue. AMCs short borrow fee rate has skyrocketed in the past months but is now reaching record highs. The five largest short-side winners in the 3rd quarter were: BABA (+$3.93bn), AMC (+(1.42bn), ZM (+$1.32bn), NIO (+$1.06bn), W (+$964mm). The "King Of Quants" sees 10X potential Cybersecurity Firm Raises $5M in Five Days. A short interest ratio of 10 or greater indicates strong pessimism about a stock. BLNK is the only stock to be in the top ten for two quarters in a row, financing costs have reduced their mark-to-market profits. The Health Care sector had a -0.54% decrease in SI % Float to 5.82% as we saw appreciable short covering in the sector. The difference between the sell price and the buy price is the trader's profit. Sign up for our newsletter to get the inside scoop on what traders are talking about delivered daily to your inbox. The ten stocks that short sellers had the most conviction and paid the most to short made up 17% of the total borrow cost in the quarter, they were: HOOD (-$79mm), CPNG (-$60mm), LCID (-53mm), IRNT (-$24mm), VMW (-$23mm), FFIE (-$22mm), TSLA (-16mm), CVAC (-$16mm), GREE (-$14mm) and BLNK (-$14mm). Dusaniwsky has developed a Short Squeeze score and ranks AMCs metric a 10 out of 10 for a short squeeze. GameStops valuation also doesnt make sense. I cover technology companies, worldwide economies and the stock market, A customer gets a bucket of popcorn before seeing, a movie at AMC Town Square. Investors shorting the meme stock AMC Entertainment are estimated to have lost $1.23 billion over the last week as the shares rallied more than 116% since Monday, according to data from S3 Partners. As of the most recent reporting period, the following stocks had the largest short interest positions: T-Mobile US, Inc. ($4.69 billion), Occidental Petroleum Co. ($3.22 billion), Coinbase Global, Inc. ($2.54 billion), T. Rowe Price Group, Inc. ($2.33 billion), Paramount Global ($2.10 billion), Verisk Analytics, Inc. ($2.03 billion), Etsy, Inc. ($1.67 billion), Old Dominion Freight Line, Inc. ($1.62 billion), CarMax, Inc. ($1.60 billion), and Extra Space Storage Inc. ($1.60 billion). AMC's business fundamentals are at their best levels since the pandemic, but short sellers continue to bet against the stock. While AMCs stock was down $0.40 for the day from $26.52 to $26.12, for the week Dusaniwsky estimates that shorts lost over $1.2 billion and since the beginning of the year have lost over $1.9 billion. Let's find out why that's a bad idea. Get short term trading ideas from the MarketBeat Idea Engine. Revenue increased fivefold, and adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) grew 80%, compared to last year. Redditors saw AMCs high short interest data could drive short sellers to close their positions by buying the stock as a collective. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. What is a good short interest ratio for AMC Entertainment? Id love to know your thoughts leave a comment down below. Graphite is used to build batteries. 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. As Aron said, it is not enough for AMC to return to pre-pandemic levels to prove a successful business. The data reveals that GameStop's short interest currently stands at $1.76 billion after it dropped by $880 million in just two weeks following the short sellers' recovery . Moving averages are a lagging trend-following indicator that technical analysts use to smooth out price movements and help identify the direction of the current trend in place. Best Debt Consolidation Loans for Bad Credit, Personal Loans for 580 Credit Score or Lower, Personal Loans for 670 Credit Score or Lower. American Consumer News, LLC dba MarketBeat 2010-2023. When calculating the companys valuation metrics these results use fiscal 2018s $8.3 billion in revenue so as to be as generous as possible. Here are the top 13 stocks with the highest . Opinions expressed by Forbes Contributors are their own. A short position, no matter how crowded, that continues to be profitable cannot be squeezed. As AMC tests its key 50-day moving average support level, short bets against the company are increasing, according to data from S3 partners. Indeed, according to S3 Partners Research, through early December . June 4, 2021: $21.6 billion with $5.47 billion in revenue = 3.9x market cap to revenue. Do Analysts' Price Targets Make Domino's Pizza Stock Look Tasty? Learn More on AMC Entertainment's short interest ratio. Having a high Squeeze Score does not guarantee that a stock will be squeezed but it does highlight stocks that a have a much higher squeeze potential than most other stocks in the market. Its 30-day trading volume average is just above 100 million shares, according to FactSet. A buy signal is flashed when the short-term moving average crosses above the longer-term moving average, as happened for AMC in February. 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. View all of the most shorted stocks. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. We have seen the number of highly squeezable stocks in our Squeeze metric since June 15more than double, and our average squeeze score has increased by over 250% (from 12.22 to 31.48). Get 30 Days of MarketBeat All Access Free, By creating a free account, you agree to our. Also, the article may contain affiliate links. Data from S3 Partners showing short interest figures for the first weeks of June indicate that 110.02 million shares were being shorted: Figure 2: AMC's short interest vs. price. All trades, patterns, charts, systems, etc., discussed herein and any product materials are for illustrative purposes only and not to be construed as specific advisory recommendations. S3 data reports AMCs borrow fee at 142.57% but Ortex is reporting 213.95%. Research Note written by Ihor Dusaniwsky, Managing Director of Predictive Analytics, S3 Partners, LLC, For deeper insight into short side data and analysis contact me at Ihor.Dusaniwsky@S3Partners.com. Editing by Matthew Lewis, First Republic collapse sparks regional bank shares sell-off, JPMorgan wins government auction to buy seized First Republic Bank, Exclusive: Subway comes up with debt plan to clinch $10 billion-plus sale, Explainer: Why First Republic Bank failed and what JPMorgan's deal means, All eyes on Lyft's new CEO as Wall Street awaits turnaround plan, IMF's Georgieva says more vulnerabilities in banking sector may be exposed, Brazil police shoot dead 4 illegal gold miners on Yanomami reservation, India cuts windfall tax on petroleum crude, Options traders remain wary of regional banks after First Republic rescue. AMC Entertainment Is Most Expensive Stock For Short Sellers, But What Other Stocks Top The List? S3 looked at stocks with at least $100 million in short interest and ranked them by their stock borrow fees . To make matters worse, AMC short sellers have also gotten burned by the stock's 33.2% year-to-date gain. S3 Analytics: Kraft Heinz (KHC) Short Interest $1.47 S3 Analytics: January 13th January 19th Best S3 Analytics: Chipotle Shorts up $261 million on $GME Stock Slides As Short-Squeeze Rallies Start To S3 Analytics: Stock Loan Implications of VXX ETNs S3 Analytics: Under Armour Swings and Misses on S3 Analytics: Februarys Most & Least Profitable Short S3 Analytics: McPlant Burger Not Tasty for Beyond Meat Shorts. S3 Partners is reporting AMC as the #1 stock with highest borrow fees but like Ortex, it also reports the companys short interest. But there were several sectors with some movement. Learn More on AMC Entertainment's short interest ratio. Accept Read More. Thanks for supporting Wall Street Memes). Other company's on the highest stock borrow fees list include Bed Bath & Beyond (NASDAQ:BBBY) with GameStop (NYSE:GME) last on the list.. AMC's high short interest of 25.33% has short sellers in a sticky situation as rising borrow fee rates limit the amount of shorting in the stock. Introduction. AMC Entertainment CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. Only one sector had a significant increase in short exposure in the 3rd quarter, the Energy sector was up +$4.4 billion. As the chart below shows the number of shares being shorted fell significantly in late January (the gold line) when the stock had its initial pop due to wallstreetbets Reddit crowd jumping in. Mullen Announces New Illegal Shorting Investigation, Mullen Five is Now Available for Reservation, The BBIG Community Raises More Than $42K to Fight Board, Supreme Court Summons FINRA in New MMTLP Hearing, Mullen Makes New Delivery of EVs to UNC Charlotte. Lyft Inc's revenue growth is likely to lag bigger rival Uber Technologies Inc for the sixth straight quarter, with Wall Street eagerly looking forward to a turnaround plan from its new CEO David Risher. If a trader has significant historical profits in a stock; very high conviction in their investment\trading thesis; a technical or quantitative reason to be in a stock; or is very stubborn with a thick skin for enduring mark-to-market losses, they may remain short in a stock despite its high Crowded and Squeeze scores. Short interest in the domestic market decreased by -$46.7 billion, or -3.93%, to $1.14 trillion in the third quarter of 2021. What is AMC Entertainment's current short interest? Short sellers will have to make a decision to either stick to their convictions and remain short despite rising share prices. Dusaniwsky estimates that 89.6 million shares are shorted or 20% of the 448 million shares. S3 Partners, which calculates real-time short interest in the market, expects the squeeze to continue. The most recent reporting period available is April, 15 2023. On Twitter, Adam Aron responded directly to a user regarding AMCs short thesis. BBBY The higher chance that short sellers may be forced to buy-to-cover will only help push stock prices even higher and making the Squeeze even tighter for the shorts still in the stock. It's now trading at 25 timesEBITDA right now and it's in aworse position today with thechanged industry. The Consumer Discretionary (primarily auto) and HealthCare (Biotech) sectors have the most constituents in the top 25 most squeezable stocks. On the last day of 2019, AMC had a market value of $751.87 million. With its persistent net losses, a recent reverse stock split, massive shareholder dilution and nearly $5 billion in debt, AMC Entertainment Holdings Inc (NYSE:AMC) may seem like an obvious candidate for short selling. Short exposure continues to be concentrated in several sectors: Information Technology ($258 billion), Consumer Discretionary ($211 billion) and Health Care ($168 billion). Throughout 2022, AMC was one of the preferred stocks to short - and it turned out to be a great investment for short-sellers. AMCs high short interest of 25.33% has short sellers in a sticky situation as rising borrow fee rates limit the amount of shorting in the stock. Tesla Continues to Defy Expectations, Is it Buyable Again? AMC He wrote, A security is considered crowded on the short side if some or all of the following occur:. Ihor Dusaniwsky at S3 Partners tracks short interest in stocks in real time, and he posts a number of his charts on Twitter. June 3rd, 2021, 12:17 PM PDT. Shares of the movie theater chain rallied more than 116% since Monday. As of April 15th, there was short interest totaling 137,470,000 shares, a drop of 1.0% from the previous total of 138,840,000 shares. High stock borrow fees can test the conviction level of short sellers as financing costs can take a large bite out of expected Alpha. Fees Adding Up: S3 estimates short sellers paid a total of $1.91 billion in stock borrow fees in the first quarter of 2023, up from $1.54 billion in the fourth quarter of 2022. Figure 1:This Could Be a Bad Time to Bet Against AMC. 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Get daily stock ideas from top-performing Wall Street analysts. Investors that short sell a stock are betting . Information and observations are obtained from sources believed to be reliable, but S3 Partners, LLC and any of its affiliates do not warrant the completeness or accuracy of any such information, or guarantee or in any way warrant any results from the use of any information. I cover technology companies, worldwide economies and the stock market, A customer gets a bucket of popcorn before seeing, g a movie at AMC Town Square. 2023 S3 Partners, LLC. Over the past week, short bets increased 6% to 5 . Should You Be Too? Data is a real-time snapshot *Data is delayed at least 15 minutes. An additional variable, which is necessary for a short squeeze to occur, are substantial net-of-financing mark-to-market losses., He continued, A short position, no matter how crowded, that continues to be profitable cannot be squeezed. Probably the best metric is market cap to revenue. The Consumer Discretionary (primarily auto) and HealthCare (Biotech) sectors have the most constituents in the top 25 most squeezable stocks. The stocks in our top 25 list all have elevated S3 SI % Float and days-to-cover. - AMC Enter Hldgs (NYSE:AMC) Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. An additional variable which is necessary for a short squeeze to occur is substantial net-of-financing mark-to-market losses. Even though the overall market was relatively flat (S&P 500 up +0.23%, Nasdaq down -0.38% and Russell 3000 down -0.43%), the majority of this decrease, -$55.5 billion, came from mark-to-market depreciation of the shorted securities. Supply is dwindling. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. With Fed Decision Looming, Economy and Markets Wait Google Stock Concerned About AI? The five largest short-side losers in the 3rd quarter were: TSLA (-$2.63bn), MRNA (-$2.51bn), AMD (-$984mm), SE (-$844mm) and AON (-$838mm). Upgrade to MarketBeat All Access to add more stocks to your watchlist. By downloading any information from s3partners.com your information may be shared with our educational partners or affiliates. You must independently assess the risk of any investment or trading activity and make your own independent decisions regarding any securities mentioned herein. Ihor Dusaniwsky, managing director of Predictive Analytics at S3, in an email exchange with Reuters said First Republic's plunge has moved short sellers in its stock into a profit for April. At the end of April, 100.63 million shares were being shorted. View which stocks are hot on social media with MarketBeat's trending stocks report. SPCE AMCs short interest per S3 Partners and Ortex data is nearly identical. Now the stocks short interest is around the same as it was when shares spiked to its all-time high. AMCs short interest came down to 14% after the surge but began to rise again all throughout 2022. Lets start a discussion. That's an uptick from 49.53 million in mid-September. The number of GameStop shares being shorted was at its peak before retail traders combined to 'short squeeze' the stock, ultimately . It traded at seven times EBITDApre-pandemic. AMC's short interest was only at 23% when buyers were able to squeeze a percent of short sellers from the play, sending share prices to their all-time high of $72. With 450 million shares outstanding, the entire company changed hands nearly 1.5 times during Friday's trading. Before you get any more clout - let's just be transparent here and acknowledge S3 is owned by Citadel. As of April 15th, investors have sold 137,470,000 shares of AMC short. 86% of retail CFD accounts lose money, Beyond Meat hosts conference call for investors, Short Interest Sector Focus: Consumer Defensive Sector. Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Sign up to receive the latest short interest report for AMC Entertainment and its competitors with MarketBeat's FREE newsletter. Identify stocks that meet your criteria using seven unique stock screeners. In every recent quarter, the company has shown gradual improvement. Before Covid-19 derailed the U.S. and worldwide economies GameStop was slowly losing revenue from fiscal 2016 to 2018 then had a sharp drop-off in fiscal 2019 (ended in January 2020). Everything You Need to Know About an AMC Short Squeeze, AMC CEO Reflects on "Meme Stock" Frenzy of 2021. #AMC#AMCSqueeze.. Here are the 10 stocks with the highest borrow fees: Related Link: 10 Stocks That Are Crushing Short Sellers In 2023: Where Do Tesla, Apple, Lucid Motors Rank? Market Wizard Who Accurately Predicted 2022 Market Collapse Has Shocking New Forecast, [BREAKING] New "Living Missile" to Replace Nuclear Missiles, Getting Started With Options Trading Has Never Been So Easy. How does a short squeeze work against AMC Entertainment? Related Link: Are Hedge Fund Short Sellers Hunting And Targeting Specific Bank Stocks? Investors shorting the meme stock AMC Entertainment are estimated to have lost $1.23 billion over the last week as the shares rallied more than 116% since Monday, according to data from S3 Partners. Wedbush analyst Alicia Reese, who is a bear on AMC stock at the moment because of its valuation, said that the increase in short interest in AMC is occurring at a time when the fundamentals of the company are improving.
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