AMC Entertainment (NYSE:AMC) has become the #1 stock with the highest borrow fees according to S3 Partners. Short selling AMC is an investing strategy that aims to generate trading profit from AMC Entertainment as its price is falling. The user said, Shorts attack companies they feel they can destroy. 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%. Investors that short sell a stock are betting . 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. Short squeeze has not contributed to AMCs recent rise. 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). I could not have put it better myself. 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. Traders typically short a company, in anticipation its share price will decline, by borrowing stock. Which stocks are the most shorted right now? 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.". In the top section of the chart below is the stocks Relative Strength Index or RSI. However, NASDAQ publishes a report for U.S. stocks, including AMC, twice per month. At one point it hit $36.72, which was 204% above last Fridays close. 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. He speaks with Alix Steel on "Bloomberg: The Open . Investors that short sell a stock are betting that its price will decline in the future. Is United Airlines Playing a Game of Limbo with Its Guidance? Dusaniwsky has developed a Short Squeeze score and ranks AMC s and GameStops metric a 10 out of 10 for a short squeeze. Lemonides mentioned that "there's been too much confidence among the shorts that these businesses are completely failed.". We want to hear from you. 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). 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. Due to the limited stock borrow availability, SPAC stock loan rates in the Miscellaneous sector continued to be the most expensive sector to short with rates rising +49 bps from 5.21% to 5.70%. 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). 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. Learn More. Instead, management is seeking new avenues for growth beyond the entertainment business. 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. Although short interest is now nowhere near the exaggerated levels that preceded January 2021's historic rally, data from S3 Partners shows that short interest in both GameStop and AMC . While the interest rate is not cumulative, todays high interest cripples shorts and gives buyers runway for big volume to make a greater impact than it did last year when the fees were extremely low and could suppress shares from rising. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN. How does AMC Entertainment's short interest compare to its competitors? Is the 149% Dividend for ZIM Integrated Shipping in Jeopardy? Short Interest and Securities Finance Data - Access the only independent Short Interest and Securities Finance data set available. Learn More on AMC Entertainment's current short interest. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. AMC Entertainment AMC shares are trading down $0.09 today. The "King Of Quants" sees 10X potential Cybersecurity Firm Raises $5M in Five Days. Gary Gensler, Ken Griffin: Involved in Audit Quality Scheme? 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. 86% of retail CFD accounts lose money, Beyond Meat hosts conference call for investors, Short Interest Sector Focus: Consumer Defensive Sector. S3 Analytics: 3rd Quarter Short Interest by Sector Recap AMC's business has been under extreme duress. A new note from S3 Partners highlights why short-selling AMC may not be worth the cost. Reese also said that bets against AMC's business have been based on retail investor fatigue. 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.. 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. What is AMC Entertainment's current short interest? AMC's business fundamentals are at their best levels since the pandemic, but short sellers continue to bet against the stock. Please add MMTLP to your list, and GTII, and GNS. You can also follow Frank Nez onTwitter,Instagram,Facebook, orLinkedInfor daily posts. Other companys on the highest stock borrow fees list include Bed Bath & Beyond (NASDAQ:BBBY) with GameStop (NYSE:GME) last on the list. With Fed Decision Looming, Economy and Markets Wait Google Stock Concerned About AI? This is@CEOAdamstrategy and the only strategy that has ever worked in the history of the market! After a 40% Drop, Analysts Remain Bullish on Impinj, Visa Charges Higher After Better-Than-Expected Q2 Report, onsemi Puts A Bottom in Chip Stocks, Heads For New Highs, Checkpoint Software Leads Cyber-Security Stocks. 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. MicroStrategy Stock: A Trial by Fire for Its Bitcoin Strategy. The sectors with the largest decrease in short exposure were Health Care (-$19 billion), Information Technology (-$12 billion) and Consumer Discretionary (-$11 billion). 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. On the last day of 2019, AMC had a market value of $751.87 million. There were 9,551 shorted equities with positive P\L, producing +$96.6 billion in profits, +14.4%. The company's management considers itself "balance sheet" managers, and they intend to seek out businesses in various segments that are financially fragile and replicate their expertise for a gain for both parties. Combined with retail buying pressure, an AMC short squeeze today is highly probable. 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. Researcher and operations manager at DM Martins Research. Please log in to your account or sign up in order to add this asset to your watchlist. 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. AMCs short interest came down to 14% after the surge but began to rise again all throughout 2022. All Rights Reserved. The indicators, strategies, columns, articles and all other features herein are for informational and educational purposes only and should not be construed as investment advice. 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 sellers raise bets against GameStop and AMC to highest level in a January 3, 2022. . Note that while GameStops fiscal year ended on January 30, 2021, and would normally be labeled fiscal 2021, GameStop calls it fiscal 2020. To short a stock, an investor borrows shares, sells them and buys the shares back on the public market later to return it to the lender. Stonk-O-Tracker is currently reporting the borrow fee at 102% but recently showed hedge funds were paying as much as 731% to short AMC stock. The short interest ratio, also known as the "days to cover ratio", is calculated by dividing the number of shares of a stock sold short divided by its average trading volume. Stock borrows are tight in most of these stocks with only six trading at General Collateral levels and twelve are trading at above 10% fee levels. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. In fact, the short interest in many of these speculative names has gone up in recent weeks, according to data firm S3 Partners. The latest GameStop short interest data from mid-October indicated that 20% of GME's float - 53.88 million shares - was held short. AMC Entertainment saw a drop in short interest in the month of April. 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. Graphite is used to build batteries. Only one sector had a significant increase in short exposure in the 3rd quarter, the Energy sector was up +$4.4 billion. (844) 978-6257. It's now trading at 25 timesEBITDA right now and it's in aworse position today with thechanged industry. 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. Short interest stands . AMC Entertainment Is Most Expensive Stock For Short Sellers, But What Other Stocks Top The List?

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