June 4, 2021: $21.6 billion with $5.47 billion in revenue = 3.9x market cap to revenue. 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. AMCs short borrow fee is a serious pressure cooker as it incentivizes shorts to close their positions more so as movie theatre shares continue to rise. Is United Airlines Playing a Game of Limbo with Its Guidance? If AMC manages to decisively hold the 50-day moving average as support, then a rise back to its June peak of about $70 could be in order. Everything You Need to Know About an AMC Short Squeeze, AMC CEO Reflects on "Meme Stock" Frenzy of 2021. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. But the chances of getting a tap on the shoulder from a Chief Risk Officer to cut losses and get out of the trade is higher for these stocks. Combined with retail buying pressure, an AMC short squeeze today is highly probable. 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. As of April 15th, investors have sold 137,470,000 shares of AMC short. Over the past week, short bets increased 6% to 5 million shares, worth nearly $200 million. However, as well as mentioning the box office success of Top Gun: Maverick as an indication of AMC's improving business, she sent a message to short sellers: "As an industry play, it doesn't seem like it's a great time to short.". AMC shares have risen nearly 60% this year-to-date. AMC stock jumps nearly 15% as retail-fueled rally stretches to - CNBC 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. The number comes from an algorithm he created and is not subjective. 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 Analytics: 3rd Quarter Short Interest by Sector Recap But according to Charles Lemonides, portfolio manager at ValueWorks, there is likely to be a pause in the aggressive short-selling of meme stocks. Image: S3 Partners, LLC. Sign up for our newsletter to get the inside scoop on what traders are talking about delivered daily to your inbox. Introduction. But a single trading day above its 50-day moving average is no sure-signal that AMC stock will continue to trend higher, as declining momentum indicators like the Relative Strength Index suggest fewer buyers are stepping in to support the stock than in previous weeks and months. 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 . 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. 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. If you become a successful company you destroy a shorts thesis hence no logical reason to continue shorting.
Great Lakes Mnemonic West To East,
What Is Garth Kemp Doing Now,
Articles A
