Short interest in the domestic market decreased by -$46.7 billion, or -3.93%, to $1.14 trillion in the third quarter of 2021. 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. You must independently assess the risk of any investment or trading activity and make your own independent decisions regarding any securities mentioned herein. 'We should see the GME short squeeze continuing': S3 Partners The highest stock borrow fees, as of September 30th, for stocks with over $100 million of short interest were: Short sellers were up +$47.2 billion in 3rd quarter mark-to-market profits, +4.02%. For AMC, the picture for the short-seller is far bleaker than the one for GameStop. AMC share price gets cut in half as reality sets in for meme - CNBC Ron, It matters and it matters even more when shills comment negatively towards AMC, 100% agree. 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. 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. Short Squeeze Alert: GME Is A Few Dollars From Going Parabolic Says S3 Short interest stands . AMC's new retail investors, who stand at 3.2 million strong, owned about 80% of the company's 450 million outstanding shares as of March 11, AMC reported earlier this month. The stock tested a key support level on Wednesday, as it traded around its 50-day moving average at $37.28. 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). 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. Investors shorting the meme stock AMC Entertainment are estimated to have lost $1.23 billion over the last week. AMC shares have risen nearly 60% this year-to-date. At the current valuation AMCs shares are 12.7 times more expensive than 2017s valuation level. 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. 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. June 3rd, 2021, 12:17 PM PDT. The so-called short covering could be contributing to AMC's massive rally this week. Upgrade to MarketBeat All Access to add more stocks to your watchlist. However, even when these criteria are met it does not necessarily mean the stock is a short squeeze candidate. A short position, no matter how crowded, that continues to be profitable cannot be squeezed. AMC Entertainment Is Most Expensive Stock For Short Sellers, But What 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. At some point in time reality should catch up what can easily be called an overvalued stock. If you become a successful company you destroy a shorts thesis hence no logical reason to continue shorting. According to CEO Adam Aron, the future of AMC's cash management will consist of supporting its core business operations, repaying high-interest loans, and also investing in growth initiatives. As of April 15th, investors have sold 137,470,000 shares of AMC short. This forces short sellers to cover their short interest positions by buying actual shares of AMC, which in turn drives the price of the stock up even further. At one point it hit $36.72, which was 204% above last Fridays close. 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. Combined with retail buying pressure, an AMC short squeeze today is highly probable. Over the past week, short bets increased 6% to 5 million shares, worth nearly $200 million. There were 9,551 shorted equities with positive P\L, producing +$96.6 billion in profits, +14.4%. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. Also, the article may contain affiliate links. 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. New York, NY 10022, 2022 S3partners.com All Rights Reserved. AMCs 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. Will Deady on LinkedIn: AMC Entertainment Is Most Expensive Stock For As AMCs stock price came back down the number of shares shorted steadily increased until mid-April, where it has essentially remained around 90 million. On Friday, that value stood at around $11.9 billion, according to data from FactSet. 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. The sectors with the largest decrease in short exposure were Health Care (-$19 billion), Information Technology (-$12 billion) and Consumer Discretionary (-$11 billion). 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. Down 66%, Is Beyond Meat Stock Finally a Buy? In fact, AMC reported the best first quarter in the last two years. In every recent quarter, the company has shown gradual improvement. 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. AMC stock jumps nearly 15% as retail-fueled rally stretches to - CNBC 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 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. 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. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. Get 30 Days of MarketBeat All Access Free, By creating a free account, you agree to our. Investors that short sell a stock are betting that its price will decline in the future. Dusaniwsky has developed a Short Squeeze score and ranks AMC s and GameStops metric a 10 out of 10 for a short squeeze. 86% of retail CFD accounts lose money, Beyond Meat hosts conference call for investors, Short Interest Sector Focus: Consumer Defensive Sector. Export data to Excel for your own analysis. What does it mean to sell short AMC Entertainment stock? Best Debt Consolidation Loans for Bad Credit, Personal Loans for 580 Credit Score or Lower, Personal Loans for 670 Credit Score or Lower. Investors that short sell a stock are betting . First Republic Bank short positions turn profitable for month -S3 Short interest in the domestic market decreased by -$23.9 billion, or -2.23%, to $1.05 trillion in the fourth quarter of . Most "Squeezable" U.S. Stocks - S3 Partners S3 Partners Home Revenue increased fivefold, and adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) grew 80%, compared to last year. Last quarter alone, revenue grew 8.5 times over the same period of the previous year. 2023 S3 Partners, LLC. Reese also said that bets against AMC's business have been based on retail investor fatigue. Short sellers betting against AMC suffered $2 billion in losses . Learn More on AMC Entertainment's current short interest. He added, While a stock can be crowded it might not necessarily be a short squeeze candidate. 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 . 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. In the last quarter alone, AMC's revenues reached 65% of pre-pandemic levels. No trader will be forced to exit a position that continues to be profitable. Probably the best metric is market cap to revenue. Grupo Televisa, S.A.B. Throughout 2022, AMC was one of the preferred stocks to short - and it turned out to be a great investment for short-sellers. January 3, 2022. 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. The "King Of Quants" sees 10X potential Cybersecurity Firm Raises $5M in Five Days. AMC - Short Interest - AMC Entertainment Holdings Inc Stock - Short Indeed, according to S3 Partners Research, through early December . Stock Sharks on Instagram: "Passionate day traders glued to their 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. Get this delivered to your inbox, and more info about our products and services. View which stocks are hot on social media with MarketBeat's trending stocks report. The latest GameStop short interest data from mid-October indicated that 20% of GME's float - 53.88 million shares - was held short. 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