On the last day of 2019, AMC had a market value of $751.87 million. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. Do Analysts' Price Targets Make Domino's Pizza Stock Look Tasty? Get drawn at the end of the year for holiday giveaways. The user said, Shorts attack companies they feel they can destroy. Exciting results also came from its food and beverage business, which generated $252.2 million in revenue a fivefold year-over-year increase. AMC Entertainment saw a drop in short interest in the month of April. Short sellers betting against AMC suffered $2 billion in losses . (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. The rally cooled off late Friday after AMC's stock skyrocketed as much as 38% during early morning trading. The Consumer Discretionary (primarily auto) and HealthCare (Biotech) sectors have the most constituents in the top 25 most squeezable stocks. 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. Please log in to your account or sign up in order to add this asset to your watchlist. When calculating the companys valuation metrics these results use fiscal 2018s $8.3 billion in revenue so as to be as generous as possible. 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. Grupo Televisa, S.A.B. AMC Entertainment (NYSE:AMC) has become the #1 stock with the highest borrow fees according to S3 Partners. See here for a complete list of exchanges and delays. 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. 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). What is a good short interest ratio for AMC Entertainment? Combined with retail buying pressure, an AMC short squeeze today is highly probable. 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. On Friday, that value stood at around $11.9 billion, according to data from FactSet. A stock borrow fee is a fee charged by a brokerage to short sellers who borrow shares of stock. 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. 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. The latest GameStop short interest data from mid-October indicated that 20% of GME's float - 53.88 million shares - was held short. Other companys on the highest stock borrow fees list include Bed Bath & Beyond (NASDAQ:BBBY) with GameStop (NYSE:GME) last on the list. Data from S3 partners reveal the AMC's shorted shares have dropped massively this month. How does AMC Entertainment's short interest compare to its competitors? One sign traders look for to generate a buy or sell signal is the crossover between the shorter 50-day and longer 200-day moving averages. If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender. Image: S3 Partners, LLC. 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? S3 Partners, which calculates real-time short interest in the market, expects the squeeze to continue. Dusaniwsky has developed a Short Squeeze score and ranks AMC s and GameStops metric a 10 out of 10 for a short squeeze. Related Link: Are Hedge Fund Short Sellers Hunting And Targeting Specific Bank Stocks? 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%. 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. 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.". All signspoint to an AMC short squeeze this year. 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. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. This just defies all logic.". The more than 1,100% jump in AMC's stock since January has defied Wall Street analyst predictions. . 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). CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. At the end of April, 100.63 million shares were being shorted. The shares closed at $26.12 per share Friday, up from $13.68 on Monday. 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. June 4, 2021: $21.6 billion with $5.47 billion in revenue = 3.9x market cap to revenue. Short sellers have covered about 796,000 shares, worth $41 million, over the last 30 days, with buy-to-covers growing over the last week with 1.40 million covered, worth $72 million., Why the stock could round trip: Valuation. The so-called short covering could be contributing to AMC's massive rally this week. Our platform connects, collects, and cleans position data across the total trade life cycle for any portfolio. A new note from S3 Partners highlights why short-selling AMC may not be worth the cost. Overall short sellers paid $1.86 billion in stock borrow fees in the 3rd quarter of 2021 (calculated daily borrow cost using S3s offer rate) versus $2.07 billion in stock borrow expenses in the 2nd quarter of 2021. AMC 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 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. And before Covid-19 impacted business the companys market cap was about $750 million. Mark-to-market losses are the primary impetus for a Short Squeeze to occur, and AMCs recent rally has pushed it into potential Short Squeeze territory.. 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. Throughout 2022, AMC was one of the preferred stocks to short - and it turned out to be a great investment for short-sellers. How often is AMC Entertainment's short interest reported? 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. Co-producer of The Street's financial channels: Apple Maven, Amazon Maven and Wall Street Memes. Investors shorting the meme stock AMC Entertainment are estimated to have lost $1.23 billion over the last week. All Rights Reserved. You can now read exclusive FrankNez articles for only $1/mo. 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. Is United Airlines Playing a Game of Limbo with Its Guidance? AMC has 13.8% of its float shares sold short after a 6.2% increase . There were more profitable shorts than unprofitable shorts in the 3rd quarter with 61% of all short positions adding positive numbers to a traders bottom lines. At its peak, the stock reached $36.72 a share. While AMC short-sellers are down more than $3 billion in 2021 on a mark-to-market basis, that could soon reverse if AMC breaks below its 50-day moving average and trends towards its 200-day moving average. 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. By the end of May, that number had grown to 109.83 million shares. AMC shares currently have a short interest ratio of 4.0. FCF was negative $300 million. 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. All ideas and material presented are entirely those of the author and do not necessarily reflect those of the publisher. AMC's theaters also saw a total attendance of 39 million last quarter, which was four times larger than it was in the same period in 2021. 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).
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