There were 6,195 shorted equities with negative P\L, producing -$49.4 billion in losses, -9.8%. 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). However, NASDAQ publishes a report for U.S. stocks, including AMC, twice per month. Thank you for all your help. 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. 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. Gary Gensler, Ken Griffin: Involved in Audit Quality Scheme? Short selling AMC is an investing strategy that aims to generate trading profit from AMC Entertainment as its price is falling. Short interest in the domestic market decreased by -$46.7 billion, or -3.93%, to $1.14 trillion in the third quarter of 2021. While retail investors keep trying to defeat short-sellers by provoking short squeezes, the company's management is trying to prove to the bears that AMC is more than just a meme. 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. 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. Note that while GameStops fiscal year ended on January 30, 2021, and would normally be labeled fiscal 2021, GameStop calls it fiscal 2020. The forced buying tends to fuel the rally even further. All Rights Reserved. We want to hear from you. 13 Stocks That Rank As Most Expensive to Short, Data Show - Markets Insider But the company still has a consistent liquidity position of $1.16 billion. By clicking Sign up, you agree to receive marketing emails from Insider Other companys on the highest stock borrow fees list include Bed Bath & Beyond (NASDAQ:BBBY) with GameStop (NYSE:GME) last on the list. 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. AMCs short borrow fee rate has skyrocketed in the past months but is now reaching record highs. He wrote, A security is considered crowded on the short side if some or all of the following occur:. You have already added five stocks to your watchlist. Image: S3 Partners, LLC. 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. Supply is dwindling. contact@marketbeat.com 590 Madison Avenue, 25th FL Having a high Squeeze Score does not guarantee that a stock will be squeezed but it does highlight stocks that a have a much higher squeeze potential than most other stocks in the market. Now the stocks short interest is around the same as it was when shares spiked to its all-time high. He continued, A short position, no matter how crowded, that continues to be profitable cannot be squeezed. Id love to know your thoughts leave a comment down below. With the Russell 3000 down only -0.43% for the quarter, short sellers outperformed the market significantly by being good stock pickers. In fact, AMC reported the best first quarter in the last two years. First Republic Bank short positions turn profitable for month -S3 For AMC, the picture for the short-seller is far bleaker than the one for GameStop. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. 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. 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%. We'll assume you're ok with this, but you can opt-out if you wish. Before you get any more clout - let's just be transparent here and acknowledge S3 is owned by Citadel. 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. Short Interest and Securities Finance Data - Access the only independent Short Interest and Securities Finance data set available. 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 . He speaks with Alix Steel on "Bloomberg: The Open . Graphite is used to build batteries. Grupo Televisa, S.A.B. I could not have put it better myself. In 2021, AMC shares rose more than 3,000% when it peaked at its all-time high of $72 per share. 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. Identify stocks that meet your criteria using seven unique stock screeners. They are now transforming AMC into a growth company. AMC Entertainment (AMC) - Get Free Reportcontinues to be a major target for short-selling activity. AMC shares have risen nearly 60% this year-to-date. Learn More on AMC Entertainment's short interest ratio. #AMC#AMCSqueeze.. 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. FAANG stocks were up an average of +27.3% in 2021 but Amazon.com Inc (AMZN) underperformed the group significantly with only . 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. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN. Researcher and operations manager at DM Martins Research. Watch S3 Partners' Dusaniwsky on AMC - Bloomberg 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. GameStops valuation also doesnt make sense. On Friday, that value stood at around $11.9 billion, according to data from FactSet. The "King Of Quants" sees 10X potential Cybersecurity Firm Raises $5M in Five Days. You must independently assess the risk of any investment or trading activity and make your own independent decisions regarding any securities mentioned herein. 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). Is AMC Entertainment's short interest increasing or decreasing? BBBY Get daily stock ideas from top-performing Wall Street analysts. 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. 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. 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 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. He wrote in an email, A security is considered crowded on the short side if some or all of the following occur:, However, even when these criteria are met it does not necessarily mean the stock is a short squeeze candidate. 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. That's an uptick from 49.53 million in mid-September. Even though the overall market was relatively flat (S&P 500 up +0.23%, Nasdaq down -0.38% and Russell 3000 down -0.43%), the majority of this decrease, -$55.5 billion, came from mark-to-market depreciation of the shorted securities. But AMC isn't the only stock costing short sellers an arm and a leg. 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. When a heavily shorted stock jumps higher in a rapid fashion, short sellers are forced to buy back borrowed shares to close out their short position and cut losses. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. A short squeeze for AMC Entertainment occurs when it has a large amount of short interest and its stock increases in price. AMC stock highest borrow fee S3 Partners - Franknez.com. 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. 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. Upgrade to MarketBeat All Access to add more stocks to your watchlist. 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. Before Covid-19 hit the economy in 2020 AMC had lost money and had negative free cash . Why AMC Stock Could Be A Ticking Time Bomb For Short Sellers At Current It traded at seven times EBITDApre-pandemic. How often is AMC Entertainment's short interest reported? An increase in short sale volume suggests bearish (negative) sentiment among investors. GameStop may be able to shake up its business enough to recover at least some of downturn but it wont happen overnight. Plus500. 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. AMC Short Sellers Recover $1 Billion In Little Over A Week - Wccftech Get drawn at the end of the year for holiday giveaways. AMC Becomes The #1 Stock with Highest Borrow Fees Everything You Need to Know About an AMC Short Squeeze, AMC CEO Reflects on "Meme Stock" Frenzy of 2021. The stock tested a key support level on Wednesday, as it traded around its 50-day moving average at $37.28. Will Deady on LinkedIn: AMC Entertainment Is Most Expensive Stock For 326 E 8th St #105, Sioux Falls, SD 57103 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. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. Thanks for supporting Wall Street Memes). The shares closed at $26.12 per share Friday, up from $13.68 on Monday. Reese also said that bets against AMC's business have been based on retail investor fatigue. 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%. 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. 'We should see the GME short squeeze continuing': S3 Partners How does AMC Entertainment's short interest compare to its competitors? AMC AMC has 13.8% of its float shares sold short after a 6.2% increase . S3 Partners, which calculates real-time short interest in the market, expects the squeeze to continue. Surprisingly, these were three of the four sectors with the largest increase in short interest in the 2nd quarter of this year. The rally cooled off late Friday after AMC's stock skyrocketed as much as 38% during early morning trading. 2023 S3 Partners, LLC. American Consumer News, LLC dba MarketBeat 2010-2023. 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. 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.. Why the stock could round trip: Valuation. Other stocks with a 10 out of 10 score are Bed, Bath & Beyond Some of the factors in it are short sale liquidity, trading liquidity, financing liquidity and mark-to-market profit and losses. Ihor Dusaniwsky at S3 Partners tracks short interest in stocks in real time, and he posts a number of his charts on Twitter. As AMC tests its key 50-day moving average support level, short bets against the company are increasing, according to data from S3 partners. Before Covid-19 hit the economy in 2020 AMC had lost money and had negative free cash flows two of the three previous years. This website uses cookies to improve your experience. At the end of April, 100.63 million shares were being shorted. Joe, you nailed it. At some point in time reality should catch up what can easily be called an overvalued stock. For stock market, business news and updates,join the newsletterto receive weekly market news and notifications straight to your inbox. Dusaniwsky added, While a stock can be crowded it might not necessarily be a short squeeze candidate. 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. 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. 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. 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. The industry leader for online information for tax, accounting and finance professionals. Over the past week, short bets increased 6% to 5 million shares, worth nearly $200 million. AMC has not yet fully recovered from the effects of the pandemic. 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. A short interest ratio of 10 or greater indicates strong pessimism about a stock. Co-producer of The Street's financial channels: Apple Maven, Amazon Maven and Wall Street Memes. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. New York, NY 10022, 2022 S3partners.com All Rights Reserved. Shares rose from $2 to more than $20 per share in January and from $9 to more than $72 per share later in June. View all of the most shorted stocks. Short Interest Data. AMC Entertainment Is Most Expensive Stock For Short Sellers, But What Other Stocks Top The List? AMC Entertainment (NYSE:AMC) has become the #1 stock with the highest borrow fees according to S3 Partners. A short position, no matter how crowded, that continues to be profitable cannot be squeezed. No trader will be forced to exit a position that continues to be profitable. 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. S3 looked at stocks with at least $100 million in short interest and ranked them by their stock borrow fees. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. You can now read exclusive FrankNez articles for only $1/mo. Leave your thoughts below! Short sellers betting against AMC suffered $2 billion in losses . There was also +$8.8 billion of additional short selling in the quarter as short sellers increased their bets on potential market underperformers. Not surprisingly, AMC was the most expensive stock to short in the first quarter, costing short sellers $225 million in stock borrow fees. AMC's business fundamentals are at their best levels since the pandemic, but short sellers continue to bet against the stock. 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. You seem like a nice guy Ihor, but let's not pretend ANYONE's short interest data is even remotely accurate. This is@CEOAdamstrategy and the only strategy that has ever worked in the history of the market! 2023 CNBC LLC. What we do know is that CEO Adam Aron plans to tackle the short thesis fundamentally. Introduction. At the current valuation AMCs shares are 12.7 times more expensive than 2017s valuation level. At its peak, the stock reached $36.72 a share. High stock borrow fees can test the conviction level of short sellers as financing costs can take a large bite out of expected Alpha. But it's getting close to reaching pre-pandemic levels. January 3, 2022. Here's Why, (Read more from Wall Street Memes: MicroStrategy Stock: A Trial by Fire for Its Bitcoin Strategy). Short sellers will have to make a decision to either stick to their convictions and remain short despite rising share prices. Throughout 2022, AMC was one of the preferred stocks to short - and it turned out to be a great investment for short-sellers. Sign up for free newsletters and get more CNBC delivered to your inbox. The market is rampant with blatant stealing from retail investors and driving companies down illegally. In fact, the short interest in many of these speculative names has gone up in recent weeks, according to data firm S3 Partners. Short interest is the volume of AMC Entertainment shares that have been sold short but have not yet been covered or closed out. 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. Please log in to your account or sign up in order to add this asset to your watchlist. As of April 15th, investors have sold 137,470,000 shares of AMC short. AMC share price gets cut in half as reality sets in for meme - CNBC The more than 1,100% jump in AMC's stock since January has defied Wall Street analyst predictions. AMC And GameStop Are Still Set Up For A Short Squeeze - Forbes No system or methodology has ever been developed that can guarantee profits or ensure freedom from losses. What does it mean to sell short AMC Entertainment stock? "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. With 450 million shares outstanding, the entire company changed hands nearly 1.5 times during Friday's trading. Short positions in First Republic Bank now account for 32.5% of its stock available to trade. With the huge spike in AMCs shares they are definitely in overbought territory. , Beyond Meat, Nikola, Skillz, Upstart Holdings and Virgin Galactic Combined with retail buying pressure, an AMC short squeeze today is highly probable. 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.". Why is the AMC Entertainment stock seeing an increase in short interest? How does a short squeeze work against AMC Entertainment? AMC shares are trading down $0.09 today. S3 looked at stocks with at least $100 million in short interest and ranked them by their stock borrow fees . S3 Analytics: 2022 Amazon.com Rally? AMC Entertainment stock falls again as shorts continue to circle Moving averages are a lagging trend-following indicator that technical analysts use to smooth out price movements and help identify the direction of the current trend in place. Benzinga's Take: The willingness for short sellers to pay these crazy high fees is a reflection of the strong conviction they have in their downside theses for the stocks mentioned. 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. 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.

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