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. With Fed Decision Looming, Economy and Markets Wait Google Stock Concerned About AI? Over the past week, short bets increased 6% to 5 million shares, worth nearly $200 million. (844) 978-6257. The shares closed at $26.12 per share Friday, up from $13.68 on Monday. Other stocks with a 10 out of 10 score are Bed, Bath & Beyond January 3, 2022. While initial box-office receipts are promising, fundamental elements of the movie theater business have changed in the last year, including theater capacity, shared release dates with streaming services and the number of days that movies play in theaters. 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. It would not be surprising to see them pull back in the short term, similar to what happened in early February. Learn More on AMC Entertainment's current short interest. S3 Partners LLC. AMCs short borrow fee rate has skyrocketed in the past months but is now reaching record highs. Managing Director of Predictive Analytics, S3 Partners, Director of Predictive Analytics, S3 Partners. Which stocks are the most shorted right now? 2023 CNBC LLC. 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). AMC Becomes The #1 Stock with Highest Borrow Fees For stock market, business news and updates,join the newsletterto receive weekly market news and notifications straight to your inbox. See, AMC stocks short interest data is a recipe for a short squeeze, something similar to what occurred in January and June of 2021. Trying to use earnings or cash flow as a valuation tool would show exorbitant results and not be of much use. 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. AMC has 13.8% of its float shares sold short after a 6.2% increase . Exclusive news, data and analytics for financial market professionals, Reporting by Herbert Lash in New York Best Debt Consolidation Loans for Bad Credit, Personal Loans for 580 Credit Score or Lower, Personal Loans for 670 Credit Score or Lower. Get this delivered to your inbox, and more info about our products and services. Access your favorite topics in a personalized feed while you're on the go. Dusaniwsky has developed a Short Squeeze score and ranks AMCs metric a 10 out of 10 for a short squeeze. AMC surge slaps short sellers with $1.3B loss, AMC's stock soaring has nothing to do with a short-squeeze: LightShed's Greenfield, AMC to lighten its debt load by around $600 million. Learn More. Short interest in GameStop as a percentage of the company's float declined to 12.3% in August, according to MarketBeat, drastically lower than a high level of 141% in January, according to S3 Partners. Dusaniwsky has developed a Short Squeeze score and ranks AMC s and GameStops metric a 10 out of 10 for a short squeeze. It has around $5 billion in debt and needed to defer $450 million in lease repayments as its revenue largely dried up during the ongoingcoronavirus pandemic. The user said, Shorts attack companies they feel they can destroy. A short position, no matter how crowded, that continues to be profitable cannot be squeezed. A short squeeze for AMC Entertainment occurs when it has a large amount of short interest and its stock increases in price. Data is a real-time snapshot *Data is delayed at least 15 minutes. 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. Franknez.com is the media site that keeps retail investors informed. (Disclaimers: this is not investment advice. In the top section of the chart below is the stocks Relative Strength Index or RSI. GameStop may be able to shake up its business enough to recover at least some of downturn but it wont happen overnight. 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. Lets start a discussion. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. S3 Partners estimates AMC 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. . Short Squeeze Alert: GME Is A Few Dollars From Going Parabolic Says S3 . as well as other partner offers and accept our, begin to capitulate on the meme-stock frenzy, Registration on or use of this site constitutes acceptance of our. 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. A short interest ratio of 10 or greater indicates strong pessimism about a stock. Short sellers will have to make a decision to either stick to their convictions and remain short despite rising share prices. The most recent reporting period available is April, 15 2023. Short sellers made $14.3 billion in paper profit from their bearish bets on global banking stocks in March, according to analytics firm S3 Partners, as the collapse of U.S. lender Silicon Valley Bank. Short sellers raise bets against GameStop and AMC to highest level in a As of April 15th, there was short interest totaling 137,470,000 shares, a decline of 1.0% from the previous total of 138,840,000 shares. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. All rights reserved. Clovis Oncology, currently the most expensive stock to short, boasts a 109% borrow fee according to data from S3 Partners, a financial analytics firm. The S3 SI % Float, which includes the synthetic long shares created by every short sale in the denominator, fell -25 bps over the quarter, from 4.82% to 4.57%. Not surprisingly, AMC was the most expensive stock to short in the first quarter, costing short sellers $225 million in stock borrow fees. "All that reallymatters here long term, thiscompany is never going to makecash again," Rich Greenfield, co-founder of LightShed Partners, said Friday morning on CNBC's "Squawk Box." Our Blacklight SaaS platform and Black App provides an up-to-date view of short selling and short covering on an equity, sector, index, or country-wide basis allowing investors\traders to better manage their existing long and short positions. AMC shares currently have a short interest ratio of 4.0. A stock borrow fee is a fee charged by a brokerage to short sellers who borrow shares of stock. They may exit or trim their positions if trading or stock loan liquidity diminishes significantly or if their expected Alpha is reached and there are more attractive trades elsewhere. To put this into context, fellow meme stock AMC Entertainment has a short interest .
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