It would not be surprising to see them pull back in the short term, similar to what happened in early February. This short interest tracker provides a variety of short interest related data, sourced from a variety of partners. AMC shares have risen nearly 60% this year-to-date. The data is organized by frequency of updates, with intraday data at the top (short shares availability, short borrow fee rate), daily data (short volume, fails-to-deliver) in the middle, and the slowest updated data (short interest) at the bottom. 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. This is on a company whose market cap was $248 million at the beginning of the year and is now $11.8 billion. They are now transforming AMC into a growth company. All Rights Reserved. He added, While a stock can be crowded it might not necessarily be a short squeeze candidate. AMC shares currently have a short interest ratio of 4.0. The author may be long one or more stocks mentioned in this report. Short sellers are betting that a stock will decline in price. S3 looked at stocks with at least $100 million in short interest and ranked them by their stock borrow fees . Figure 1:This Could Be a Bad Time to Bet Against AMC. He speaks with Bloomberg's Matt Miller on "Bloomberg Markets." (Source: Bloomberg) The data, which comes courtesy of S3 Partners, LLC, reveals that during midday trading on Friday, year to date losses of AMC short sellers stood at $3.74 billion. Short sellers raise bets against GameStop and AMC to highest level in a Here are the top 13 stocks with the highest . 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. It's now trading at 25 timesEBITDA right now and it's in aworse position today with thechanged industry. Everything You Need to Know About an AMC Short Squeeze, AMC CEO Reflects on "Meme Stock" Frenzy of 2021. 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. The most profitable shorted sectors were Consumer Discretionary (+8.25%) and Materials (+7.21%) while the least profitable shorted sectors were Energy (-1.51%) and Financials (-1.11%). Even with the Reddit crowd targeting AMC for months, and a surging stock price, the company's short interest remains high at around 20% of outstanding shares, according to data from S3 Partners . The stock tested a key support level on Wednesday, as it traded around its 50-day moving average at $37.28. You can now read exclusive FrankNez articles for only $1/mo. Other stocks with a 10 out of 10 score are Bed, Bath & Beyond Joe, you nailed it. Over the past week, short bets increased 6% to 5 million shares, worth nearly $200 million. While retail investors keep trying to defeat short-sellers by provoking short squeezes, the company's management is trying to prove to the bears that AMC is more than just a meme. Some of the factors in it are short sale liquidity, trading liquidity, financing liquidity and mark-to-market profit and losses. Please log in to your account or sign up in order to add this asset to your watchlist. 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. As of the most recent reporting period, the following institutional investors, funds, and major shareholders have reported short positions of AMC Entertainment: Equitec Proprietary Markets LLC, Simplex Trading LLC, Traynor Capital Management Inc., National Bank of Canada FI, FNY Investment Advisers LLC, Parallax Volatility Advisers L.P., Jane Street Group LLC, Belvedere Trading LLC, Sculptor Capital LP, Millennium Management LLC, Marathon Trading Investment Management LLC, Nomura Holdings Inc., Aristeia Capital LLC, Centiva Capital LP, Jefferies Financial Group Inc., Susquehanna International Group LLP, CSS LLC IL, Verition Fund Management LLC, Tyler Stone Wealth Management, 683 Capital Management LLC, Clear Street Markets LLC, Natixis, Antara Capital LP, Barclays PLC, Bank of America Corp DE, EMG Holdings L.P., Bracebridge Capital LLC, Group One Trading L.P., IMC Chicago LLC, Citigroup Inc., Cutler Group LLC CA, Simplex Trading LLC, and Bank of Montreal Can. Your use of any information or observations contained herein is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness of such information or observations. Get short term trading ideas from the MarketBeat Idea Engine. Dusaniwsky wrote, We have seen AMC short covering this week, but by no means are we seeing a wholesale short squeeze in this stock at the moment. Learn More on AMC Entertainment's current short interest. Trying to use earnings or cash flow as a valuation tool would show exorbitant results and not be of much use. Highest Borrow Fees: Incredibly, short sellers are currently paying a 168.3% fee to borrow AMC shares, more than double the borrow fee of any other stock, according to S3. While a stock can be crowded it might not necessarily be a short squeeze candidate. An additional variable which is necessary for a short squeeze to occur is substantial net-of-financing mark-to-market losses. All quotes delayed a minimum of 15 minutes. Sign up for our newsletter to get the inside scoop on what traders are talking about delivered daily to your inbox. On Friday, that value stood at around $11.9 billion, according to data from 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. An additional variable, which is necessary for a short squeeze to occur, are substantial net-of-financing mark-to-market losses. Which the shorts have definitely seen this week. Instead, management is seeking new avenues for growth beyond the entertainment business. Exciting results also came from its food and beverage business, which generated $252.2 million in revenue a fivefold year-over-year increase. 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. By clicking Sign up, you agree to receive marketing emails from Insider 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. A Division of NBCUniversal. We'll assume you're ok with this, but you can opt-out if you wish. 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. Best Debt Consolidation Loans for Bad Credit, Personal Loans for 580 Credit Score or Lower, Personal Loans for 670 Credit Score or Lower. Investors shorting the meme stock AMC Entertainment are estimated to have lost $1.23 billion over the last week. AMCs short interest per S3 Partners and Ortex data is nearly identical. But it's getting close to reaching pre-pandemic levels. Leave your thoughts below! 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. Managing Director of Predictive Analytics, S3 Partners, Director of Predictive Analytics, S3 Partners. These positions are disclosed in Form 13F filings with the Securities and Exchange Commission. contact@marketbeat.com Do Analysts' Price Targets Make Domino's Pizza Stock Look Tasty? Researcher and operations manager at DM Martins Research. Will Deady on LinkedIn: AMC Entertainment Is Most Expensive Stock For Before you get any more clout - let's just be transparent here and acknowledge S3 is owned by Citadel. At the end of April, 100.63 million shares were being shorted. In the last quarter alone, AMC's revenues reached 65% of pre-pandemic levels. Last quarter alone, revenue grew 8.5 times over the same period of the previous year. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. The company has about 20% of its outstanding shares sold short, compared with an average of 5% short interest in a typical U.S. stock, S3 Partners said. No trader will be forced to exit a position that continues to be profitable. See what's happening in the market right now with MarketBeat's real-time news feed. No trader will be forced to exit a position that continues to be profitable. Traders view the the 50-day moving average, which is the average daily closing price of a stock over its previous 50 trading sessions, as a short-term moving average that often represents areas of support or resistance for a stock. The user said, Shorts attack companies they feel they can destroy. It became slightly cheaper, on average, to short stocks in the 3rd quarter as the average stock loan fee fell -3 bps from 0.72% fee to 0.69% fee. but BLNK short sellers were still up +35% in the 3rd quarter even after paying away -13% is stock borrow financing costs. Other companys on the highest stock borrow fees list include Bed Bath & Beyond (NASDAQ:BBBY) with GameStop (NYSE:GME) last on the list. (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.
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