View which stocks are hot on social media with MarketBeat's trending stocks report. The stock tested a key support level on Wednesday, as it traded around its 50-day moving average at $37.28. The Consumer Discretionary (primarily auto) and HealthCare (Biotech) sectors have the most constituents in the top 25 most squeezable stocks. Everything You Need to Know About an AMC Short Squeeze, AMC CEO Reflects on "Meme Stock" Frenzy of 2021. BLNK is the only stock to be in the top ten for two quarters in a row, financing costs have reduced their mark-to-market profits. 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. 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. 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. Clovis Oncology, currently the most expensive stock to short, boasts a 109% borrow fee according to data from S3 Partners, a financial analytics firm. No trader will be forced to exit a position that continues to be profitable. The market is rampant with blatant stealing from retail investors and driving companies down illegally. 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 number of GameStop shares being shorted was at its peak before retail traders combined to 'short squeeze' the stock, ultimately . AMC Entertainment 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. This short interest tracker provides a variety of short interest related data, sourced from a variety of partners. Workflow Solutions. "High stock borrow fees can test the conviction level of short sellers as financing costs can take a large bite out of expected Alpha," S3 analyst Ihor Dusaniwsky said. 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. 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. As Aron said, it is not enough for AMC to return to pre-pandemic levels to prove a successful business. , symbol AMC, more than doubled over the past five trading days moving from $12.08 last Friday to close at $26.12 today, up 116%. How often is AMC Entertainment's short interest reported? Short exposure continues to be concentrated in several sectors: Information Technology ($258 billion), Consumer Discretionary ($211 billion) and Health Care ($168 billion). On Friday, that value stood at around $11.9 billion, according to data from FactSet. Sign up for our newsletter to get the inside scoop on what traders are talking about delivered daily to your inbox. 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. Instead, management is seeking new avenues for growth beyond the entertainment business. The more than 1,100% jump in AMC's stock since January has defied Wall Street analyst predictions. 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. It wasnt until yesterday, May 27, that it had broken those records. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. AMC Entertainment (NYSE:AMC) has become the #1 stock with the highest borrow fees according to S3 Partners. AMC's short interest was only at 23% when buyers were able to squeeze a percent of short sellers from the play, sending share prices to their all-time high of $72. S3 Partners LLC. An additional variable, which is necessary for a short squeeze to occur, are substantial net-of-financing mark-to-market losses., He continued, A short position, no matter how crowded, that continues to be profitable cannot be squeezed. Image: S3 Partners, LLC. Get drawn at the end of the year for holiday giveaways. They are now transforming AMC into a growth company. 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. This breakthrough stock has bright future this decade. AMC Entertainment saw a drop in short interest in the month of April. 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. Upgrade to MarketBeat All Access to add more stocks to your watchlist. And before Covid-19 impacted business the companys market cap was about $750 million. Short sellers have now lost grip as the cost to short the stock has dramatically increased. Combined with retail buying pressure, an AMC short squeeze today is highly probable. Shares of the movie theater chain rallied more than 116% since Monday. Theaters were closed for several months to help stop the spread of the virus, and when the company reopened its doors, few consumers felt comfortable attending screenings, and movie studios held back new releases. 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. But according to Charles Lemonides, portfolio manager at ValueWorks, there is likely to be a pause in the aggressive short-selling of meme stocks. S3 Partners founder Robert Sloan examines the short-selling activity surrounding AMC and the top short-squeeze risks. 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. In fact, the short interest in many of these speculative names has gone up in recent weeks, according to data firm S3 Partners. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Ihor Dusaniwsky, S3 Partners Head of Predictive Analytics, discusses AMC stock sale and short interest. 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. AMC short interest and stock price. Before Covid-19 hit the economy in 2020 AMC had lost money and had negative free cash . How does a short squeeze work against AMC Entertainment? Note that while GameStops fiscal year ended on January 30, 2021, and would normally be labeled fiscal 2021, GameStop calls it fiscal 2020. Dusaniwsky has developed a Short Squeeze score and ranks AMC s and GameStops metric a 10 out of 10 for a short squeeze. 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.". A new note from S3 Partners highlights why short-selling AMC may not be worth the cost. 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.. Our platform connects, collects, and cleans position data across the total trade life cycle for any portfolio. Managing Director of Predictive Analytics, S3 Partners, Director of Predictive Analytics, S3 Partners. Its 30-day trading volume average is just above 100 million shares, according to FactSet. 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. Plus500. While the movie theater business is rebounding, AMC is still facing strong headwinds. Here's Why, (Read more from Wall Street Memes: MicroStrategy Stock: A Trial by Fire for Its Bitcoin Strategy). Short interest stands . Down 66%, Is Beyond Meat Stock Finally a Buy? All ideas and material presented are entirely those of the author and do not necessarily reflect those of the publisher. He speaks with Bloomberg's Matt Miller on "Bloomberg Markets." (Source: Bloomberg) "FRC shorts are now profitable in April, up +$195.0 million in month-to-date mark-to-market profits.". American Consumer News, LLC dba MarketBeat 2010-2023. Which institutional investors are shorting AMC Entertainment? I cover technology companies, worldwide economies and the stock market, A customer gets a bucket of popcorn before seeing, a movie at AMC Town Square. You must independently assess the risk of any investment or trading activity and make your own independent decisions regarding any securities mentioned herein. A Division of NBCUniversal. Last quarter alone, revenue grew 8.5 times over the same period of the previous year. On Twitter, Adam Aron responded directly to a user regarding AMCs short thesis. 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. Franknez.com is the media site that keeps retail investors informed. On the last day of 2019, AMC had a market value of $751.87 million. See what's happening in the market right now with MarketBeat's real-time news feed. 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%. Related Link: Are Hedge Fund Short Sellers Hunting And Targeting Specific Bank Stocks? 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). In 2021, AMC shares rose more than 3,000% when it peaked at its all-time high of $72 per share. 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. 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. Recap using Fridays stock price of $248.36: Dusaniwskys chart on GameStop is available via his tweet. S3 Analytics: 3rd Quarter Short Interest by Sector Recap. S3 looked at stocks with at least $100 million in short interest and ranked them by their stock borrow fees . 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. 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. Mullen Announces New Illegal Shorting Investigation, Mullen Five is Now Available for Reservation, The BBIG Community Raises More Than $42K to Fight Board, Supreme Court Summons FINRA in New MMTLP Hearing, Mullen Makes New Delivery of EVs to UNC Charlotte. At the current valuation AMCs shares are 12.7 times more expensive than 2017s valuation level. June 3rd, 2021, 12:17 PM PDT. 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). AMC's business has been under extreme duress. 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. This is@CEOAdamstrategy and the only strategy that has ever worked in the history of the market! 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. The industry leader for online information for tax, accounting and finance professionals. GameStops valuation also doesnt make sense. And finally, all these stocks have incurred double digit percentage mark-to-market losses over the last 30 days coupled with mark-to-market losses over the last seven days. FAANG stocks were up an average of +27.3% in 2021 but Amazon.com Inc (AMZN) underperformed the group significantly with only . Here are the top 13 stocks with the highest . View all of the most shorted stocks. 2023 CNBC LLC. Lets start a discussion. 590 Madison Avenue, 25th FL In the top section of the chart below is the stocks Relative Strength Index or RSI. Short interest is the volume of AMC Entertainment shares that have been sold short but have not yet been covered or closed out. Learn More. 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. [email protected] Thank you for all your help. 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. AMC stock highest borrow fee S3 Partners - Franknez.com. Reese also said that bets against AMC's business have been based on retail investor fatigue. In fact, AMC reported the best first quarter in the last two years. Indeed, according to S3 Partners Research, through early December . AMCs short interest per S3 Partners and Ortex data is nearly identical. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. The latest AMC short interest data from Morningstar indicates an increase in shorted shares. (0.77%), Spectrum Brands Holdings, Inc. (4.39%), Mister Car Wash, Inc. (15.31%), Steven Madden, Ltd. (5.25%), Sonos, Inc. (10.34%), Carter's, Inc. (7.52%), Graham Holdings (1.21%), Ozon Holdings PLC (8.94%), Kontoor Brands, Inc. (7.33%). The data reveals that GameStop's short interest currently stands at $1.76 billion after it dropped by $880 million in just two weeks following the short sellers' recovery . AMC was the most active stock on the New York Stock Exchange by far on Friday as more than 650 million shares changed hands. The so-called short covering could be contributing to AMC's massive rally this week. In every recent quarter, the company has shown gradual improvement. 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. Using this method, a sell signal for AMC would not be generated unless the 200-day moving average crossed above the 50-day moving average. When it gets above 70, and it is currently at 86.81, they are overbought. Surprisingly, these were three of the four sectors with the largest increase in short interest in the 2nd quarter of this year. To remove the impact of Covid-19 lets use 2018s and 2019s revenue, which are essentially the same, of $5.47 billion and Fridays market cap of $21.6 billion (compared to $11.8 billion last Friday). AMC Got a confidential news tip? 86% of retail CFD accounts lose money, Beyond Meat hosts conference call for investors, Short Interest Sector Focus: Consumer Defensive Sector. 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. 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. 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%. There was also +$8.8 billion of additional short selling in the quarter as short sellers increased their bets on potential market underperformers. 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 . Also, the article may contain affiliate links. AMC shares are trading down $0.09 today. 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. #AMC#AMCSqueeze.. Over the past week, short bets increased 6% to 5 million shares, worth nearly $200 million. AMC Entertainment Is Most Expensive Stock For Short Sellers, But What Other Stocks Top The List? With 450 million shares outstanding, the entire company changed hands nearly 1.5 times during Friday's trading. The Consumer Discretionary (primarily auto) and HealthCare (Biotech) sectors have the most constituents in the top 25 most squeezable stocks. The most profitable shorted sectors were Consumer Discretionary (+8.25%) and Materials (+7.21%) while the least profitable shorted sectors were Energy (-1.51%) and Financials (-1.11%). Get this delivered to your inbox, and more info about our products and services. 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. S3 Partners. Get short term trading ideas from the MarketBeat Idea Engine. Sign up for free newsletters and get more CNBC delivered to your inbox. 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). Why the stock could round trip: Valuation. The shares closed at $26.12 per share Friday, up from $13.68 on Monday. It would not be surprising to see them pull back in the short term, similar to what happened in early February. Before Covid-19 hit the economy in 2020 AMC had lost money and had negative free cash flows two of the three previous years. Dusaniwsky calculates that there continues to be moderate short covering in GameStop with short sellers covering 262,000 shares, worth $68 million, over the last 30 days but most of that short covering occurring over the last week with 145,000 bought-to-cover, worth $38 million. The forced buying tends to fuel the rally even further. Grupo Televisa, S.A.B. AMC has 13.8% of its float shares sold short after a 6.2% increase . These positions are disclosed in Form 13F filings with the Securities and Exchange Commission. 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. This is on a company whose market cap was $248 million at the beginning of the year and is now $11.8 billion. NEW YORK, April 25 (Reuters) - Short interest in shares of beleaguered First Republic Bank (FRC.N) rose by $389.8 million to $945.5 million in the past 30 days, and the bearish positions turned profitable for the month as its shares skidded on Tuesday, data from S3 Partners showed. 2023 S3 Partners, LLC. Short interest is typically published by a stock exchange once per month. The user said, Shorts attack companies they feel they can destroy. See here for a complete list of exchanges and delays. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Please add MMTLP to your list, and GTII, and GNS. An increase in short sale volume suggests bearish (negative) sentiment among investors. 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. But they will usually continue to ride the wave until the wave dissipates, or they are forced out by market conditions such as stock recalls or unpalatable stock borrow fees. A short interest ratio of 10 or greater indicates strong pessimism about a stock. Our Standards: The Thomson Reuters Trust Principles. 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. The author may be long one or more stocks mentioned in this report. We want to hear from you. S3 looked at stocks with at least $100 million in short interest and ranked them by their stock borrow fees. (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). Accept Read More. At its peak, the stock reached $36.72 a share. Ihor Dusaniwsky at S3 Partners tracks short interest in stocks in real time, and he posts a number of his charts on Twitter. A short position, no matter how crowded, that continues to be profitable cannot be squeezed. Short sellers will have to make a decision to either stick to their convictions and remain short despite rising share prices. The retail investors' agenda has been to keep AMC alive and to "stick it" to the hedge funds, one analyst told CNBC. Shares rose from $2 to more than $20 per share in January and from $9 to more than $72 per share later in June. There were 9,551 shorted equities with positive P\L, producing +$96.6 billion in profits, +14.4%. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. GameStop may be able to shake up its business enough to recover at least some of downturn but it wont happen overnight. Short squeeze has not contributed to AMCs recent rise. I could not have put it better myself. While a stock can be crowded it might not necessarily be a short squeeze candidate. 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. 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. AMC shares currently have a short interest ratio of 4.0. 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 one point it hit $36.72, which was 204% above last Fridays close. 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 . 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. Thanks to this combination of improving fundamentals and growth efforts, AMC is slowly changing. All Rights Reserved. Despite the company showing signs of recovery from the COVID pandemic, short sellers continue to bet against its stock. 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. 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. Changes in short volume can be used to identify positive and negative investor sentiment. AMC Stock, Business News, Community, Finance News, Investing News, Market News, Meme Stocks, Reddit Stocks, Stock Market News, Adam AronAMC ApesAMC EntertainmentAMC Entertainment NewsAMC NewsAMC Short InterestAMC Short SqueezeAMC Short Squeeze 2023AMC Short Squeeze NewsAMC StockAMC Stock NewsAMC Stock RedditAMC StocktwitsBusiness NewsFinance NewsInvesting NewsMarket NewsStock Market News. You have already added five stocks to your watchlist. It traded at seven times EBITDApre-pandemic. CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. By clicking Sign up, you agree to receive marketing emails from Insider If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender. S3 Partners estimates AMC 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. . While a substantially large . Shares of AMC Entertainment dropped as much as 14% on Wednesday as retail traders begin to capitulate on the meme-stock frenzy and short bets against the theater chain increase.
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