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. Also, the article may contain affiliate links. Unify your firm's cash with your prime and custody wallets by seamlessly integrating our solution with your own OMS. 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 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). View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. What is AMC Entertainment's current short interest? An additional variable which is necessary for a short squeeze to occur is substantial net-of-financing mark-to-market losses. 1,359 likes, 60 comments - Stock Sharks (@stocksharks) on Instagram: "Passionate day traders glued to their Reddit message boards have found their new favorite . 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. It traded at seven times EBITDApre-pandemic. Our Crowded Score takes a multi-factor approach to identify short-side crowded securities and take into consideration: Short Interest as a true percentage of a companys tradable float (which includes synthetic longs created by short selling). As AMC tests its key 50-day moving average support level, short bets against the company are increasing, according to data from S3 partners. They are now transforming AMC into a growth company. 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. But a stock's decline below its 50-day moving average does not mean a swift decline back to its 200-day moving average is in order. The latest report on AMC short interest from S3 Partners indicates that $3.40B of short interest is outstanding and the number of shares shorted is up 6.16% from a week ago. How does AMC Entertainment's short interest compare to its competitors? 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. Not surprisingly, AMC was the most expensive stock to short in the first quarter, costing short sellers $225 million in stock borrow fees. Introduction. Redditors saw AMCs high short interest data could drive short sellers to close their positions by buying the stock as a collective. Management has done an excellent job in reversing the troubling FCF of the 2020, when AMC reported a negative cash flow of $1.27 billion. We want to hear from you. This has allowed AMC's management to go beyond simply recovering its business. Id love to know your thoughts leave a comment down below. Short sellers are betting that a stock will decline in price. On Friday, that value stood at around $11.9 billion, according to data from FactSet. That's an uptick from 49.53 million in mid-September. Get drawn at the end of the year for holiday giveaways. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. Thanks to this combination of improving fundamentals and growth efforts, AMC is slowly changing. But it's getting close to reaching pre-pandemic levels. See, AMC stocks short interest data is a recipe for a short squeeze, something similar to what occurred in January and June of 2021. A short interest ratio of 10 or greater indicates strong pessimism about a stock. 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. 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 estimates that 89.6 million shares are shorted or 20% of the 448 million shares. A short squeeze for AMC Entertainment occurs when it has a large amount of short interest and its stock increases in price. 86% of retail CFD accounts lose money, Beyond Meat hosts conference call for investors, Short Interest Sector Focus: Consumer Defensive Sector. No trader will be forced to exit a position that continues to be profitable. Please add MMTLP to your list, and GTII, and GNS. And before Covid-19 impacted business the companys market cap was about $750 million. Everything You Need to Know About an AMC Short Squeeze, AMC CEO Reflects on "Meme Stock" Frenzy of 2021. AMC's business has been under extreme duress. At the end of April, 100.63 million shares were being shorted. 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 . All Rights Reserved. Reese also said that bets against AMC's business have been based on retail investor fatigue. AMC Entertainment Is Most Expensive Stock For Short Sellers, But What Other Stocks Top The List? Identify stocks that meet your criteria using seven unique stock screeners. 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. Combined with retail buying pressure, an AMC short squeeze today is highly probable. Researcher and operations manager at DM Martins Research. A short position, no matter how crowded, that continues to be profitable cannot be squeezed. But there were several sectors with some movement. AMC Entertainment (AMC) - Get Free Reportcontinues to be a major target for short-selling activity. Here are the top 13 stocks with the highest . S3 Analytics: 2022 Amazon.com Rally? Ihor Dusaniwsky at S3 Partners tracks short interest in stocks in real time, and he posts a number of his charts on Twitter. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. S3 Partners, which calculates real-time short interest in the market, expects the squeeze to continue. Thanks for supporting Wall Street Memes). The Consumer Discretionary (primarily auto) and HealthCare (Biotech) sectors have the most constituents in the top 25 most squeezable stocks. 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%. 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. While the movie theater business is rebounding, AMC is still facing strong headwinds. Short Interest and Securities Finance Data - Access the only independent Short Interest and Securities Finance data set available. See here for a complete list of exchanges and delays. "FRC shorts are up +$320.3 million in mark-to-market profits on todays -33.9% price move," he wrote. (844) 978-6257. As AMC tests its key 50-day moving average support level, short bets against the company are increasing, according to data from S3 partners. These positions are disclosed in Form 13F filings with the Securities and Exchange Commission. Now the stocks short interest is around the same as it was when shares spiked to its all-time high. Note that while GameStops fiscal year ended on January 30, 2021, and would normally be labeled fiscal 2021, GameStop calls it fiscal 2020. Affiliates of S3 Partners, LLC may have a position or effect transactions in the securities described herein (or options thereon) and/or otherwise employ trading strategies that may be consistent or inconsistent with the provided strategies or information. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN. (Disclaimers: this is not investment advice. SPCE Why the stock could round trip: Valuation. The higher chance that short sellers may be forced to buy-to-cover will only help push stock prices even higher and making the Squeeze even tighter for the shorts still in the stock. While a substantially large . Data from S3 partners reveal the AMC's shorted shares have dropped massively this month. Short squeeze has not contributed to AMCs recent rise. Market wide Short Interest as a % of Float declined moderately in the 3rd quarter, decreasing -28 bps from 5.33% to 5.05%. Please log in to your account or sign up in order to add this asset to your watchlist. #AMC#AMCSqueeze.. 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. Shares of First Republic plunged 43% to a record low a day after the bank released first-quarter earnings, reporting that deposits tanked by more than $100 billion. 326 E 8th St #105, Sioux Falls, SD 57103 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. Lets start a discussion. Short exposure continues to be concentrated in several sectors: Information Technology ($258 billion), Consumer Discretionary ($211 billion) and Health Care ($168 billion). Ihor Dusaniwsky at S3 Partners tracks short interest in stocks in real time, and he posts a number of his charts on Twitter.While AMC's stock was down $0.40 for the day from $26.52 to $26.12 . We'll assume you're ok with this, but you can opt-out if you wish. Short interest is typically published by a stock exchange once per month. There were 9,551 shorted equities with positive P\L, producing +$96.6 billion in profits, +14.4%. Trying to use earnings or cash flow as a valuation tool would show exorbitant results and not be of much use. 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. At some point in time reality should catch up what can easily be called an overvalued stock. He speaks with Bloomberg's Matt Miller on "Bloomberg Markets." (Source: Bloomberg) Is United Airlines Playing a Game of Limbo with Its Guidance? S3 Partners LLC. 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). 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. 2023 CNBC LLC. Get short term trading ideas from the MarketBeat Idea Engine. The rising 200-day average is currently near the $14 level, representing potential downside of 60% from current levels. You can also follow Frank Nez onTwitter,Instagram,Facebook, orLinkedInfor daily posts. With Fed Decision Looming, Economy and Markets Wait Google Stock Concerned About AI? 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. The number of GameStop shares being shorted was at its peak before retail traders combined to 'short squeeze' the stock, ultimately . Got a confidential news tip? View all of the most shorted stocks. 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 fact, AMC reported the best first quarter in the last two years. 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. 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. 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. S3 Partners founder Robert Sloan examines the short-selling activity surrounding AMC and the top short-squeeze risks. 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. Short selling is a costly, risky endeavor, but investors can also use this list of stocks with high borrow fees as a guide of which stocks to potentially avoid holding in a long portfolio as well. You must independently assess the risk of any investment or trading activity and make your own independent decisions regarding any securities mentioned herein. 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. GameStop may be able to shake up its business enough to recover at least some of downturn but it wont happen overnight. "FRC shorts are now profitable in April, up +$195.0 million in month-to-date mark-to-market profits.". This website uses cookies to improve your experience. The user said, Shorts attack companies they feel they can destroy. When it gets above 70, and it is currently at 86.81, they are overbought. However, NASDAQ publishes a report for U.S. stocks, including AMC, twice per month. Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Sign up to receive the latest short interest report for AMC Entertainment and its competitors with MarketBeat's FREE newsletter. I could not have put it better myself. A new note from S3 Partners highlights why short-selling AMC may not be worth the cost. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. Short sellers betting against AMC suffered $2 billion in losses . The shares closed at $26.12 per share Friday, up from $13.68 on Monday. Short sellers made $14.3 billion in paper profit from their bearish bets on global banking stocks in March, according to analytics firm S3 Partners, as the collapse of U.S. lender Silicon Valley Bank. 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. (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. Learn More. Managing Director of Predictive Analytics, S3 Partners, Director of Predictive Analytics, S3 Partners. The author may be long one or more stocks mentioned in this report. Street performers in Minnie Mouse costumes pass in front of an AMC movie theater at night in the Times Square neighborhood of New York, Oct. 15, 2020. 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. To make matters worse, AMC short sellers have also gotten burned by the stock's 33.2% year-to-date gain. 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%. Best Debt Consolidation Loans for Bad Credit, Personal Loans for 580 Credit Score or Lower, Personal Loans for 670 Credit Score or Lower. (Photo by Ethan Miller/Getty Images), AMC stock price (right axis) and number of shares, 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). Changes in short volume can be used to identify positive and negative investor sentiment. Is the 149% Dividend for ZIM Integrated Shipping in Jeopardy? No representation or implication is being made that using the methodology or system will generate profits or ensure freedom from losses. Real-time analyst ratings, insider transactions, earnings data, and more. Co-producer of The Street's financial channels: Apple Maven, Amazon Maven and Wall Street Memes. 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.". The Health Care sector had a -0.54% decrease in SI % Float to 5.82% as we saw appreciable short covering in the sector. A Division of NBCUniversal. With 450 million shares outstanding, the entire company changed hands nearly 1.5 times during Friday's trading. No trader will be forced to exit a position that continues to be profitable. This breakthrough stock has bright future this decade. . MicroStrategy Stock: A Trial by Fire for Its Bitcoin Strategy. Keep in mind that the stocks previous all-time high had been around $27 in March 2015 and January 2017. Despite the company showing signs of recovery from the COVID pandemic, short sellers continue to bet against its stock. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. S3 Partners. AMC Entertainment (NYSE:AMC) has become the #1 stock with the highest borrow fees according to S3 Partners. At its peak, the stock reached $36.72 a share. In fact, the short interest in many of these speculative names has gone up in recent weeks, according to data firm S3 Partners. AMC was the most active stock on the New York Stock Exchange by far on Friday as more than 650 million shares changed hands. American Consumer News, LLC dba MarketBeat 2010-2023. Our platform connects, collects, and cleans position data across the total trade life cycle for any portfolio. THE USE BY SHORTSIGHT.COM OF ANY TRADEMARKED MATERIAL, INCLUDING ANY LOGOS OR COMPANY NAMES, DOES NOT IMPLY ANY AFFILIATION BY SHORTSIGHT.COM WITH THEIR RESPECTIVE HOLDERS OR ENDORSEMENT BY THEIR RESPECTIVE HOLDERS OF ANY INFORMATION OR OPINIONS PRESENTED ON SHORTSIGHT.COM. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. Short interest stands . 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. 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. Which institutional investors are shorting AMC Entertainment? S3 looked at stocks with at least $100 million in short interest and ranked them by their stock borrow fees . - AMC Enter Hldgs (NYSE:AMC) Use this data to understand bearish bets, conviction levels and what is driving price action, and identify which trades are crowded and why for over 65,000 global securities. 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. But according to Charles Lemonides, portfolio manager at ValueWorks, there is likely to be a pause in the aggressive short-selling of meme stocks. AMC Entertainment has enough short sellers to create big buying pressure in a buy back when closing short positions. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. 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. In every recent quarter, the company has shown gradual improvement. Supply is dwindling. But the company still has a consistent liquidity position of $1.16 billion. The difference between the sell price and the buy price is the trader's profit. In the last quarter alone, AMC's revenues reached 65% of pre-pandemic levels. 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