amc short interest s3 partners

Short sellers betting against AMC suffered $2 billion in losses . By downloading any information from s3partners.com your information may be shared with our educational partners or affiliates. AMC Entertainment saw a drop in short interest in the month of April. While a stock can be crowded it might not necessarily be a short squeeze candidate. The more than 1,100% jump in AMC's stock since January has defied Wall Street analyst predictions. 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. Its 30-day trading volume average is just above 100 million shares, according to FactSet. Short selling AMC is an investing strategy that aims to generate trading profit from AMC Entertainment as its price is falling. The so-called short covering could be contributing to AMC's massive rally this week. 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. Short interest is typically published by a stock exchange once per month. SPCE Upgrade to MarketBeat All Access to add more stocks to your watchlist. Learn More on AMC Entertainment's short interest ratio. 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 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). 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. Investors shorting the meme stock AMC Entertainment are estimated to have lost $1.23 billion over the last week. Id love to know your thoughts leave a comment down below. All Rights Reserved. There is a very high degree of risk involved in investing and trading of securities and similar instruments, and S3 Partners, LLC and any and all entities or individuals affiliated with S3Partners, LLC do not intend to provide or convey any advice or recommendations concerning any such activity, and assume no responsibilities for any trading or investment results. A Division of NBCUniversal. As AMC tests its key 50-day moving average support level, short bets against the company are increasing, according to data from S3 partners. Only one sector had a significant increase in short exposure in the 3rd quarter, the Energy sector was up +$4.4 billion. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. At time of publication, AMC was trading below the key support level at $35.27. 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). 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. 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. 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 . 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. Learn More on AMC Entertainment's short interest ratio. Throughout 2022, AMC was one of the preferred stocks to short - and it turned out to be a great investment for short-sellers. Year to date shorts positions in First Republic are up $971.8 million, according to Dusaniwsky. Short Interest and Securities Finance Data - Access the only independent Short Interest and Securities Finance data set available. For stock market, business news and updates,join the newsletterto receive weekly market news and notifications straight to your inbox. 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. He continued, A short position, no matter how crowded, that continues to be profitable cannot be squeezed. AMC was the most active stock on the New York Stock Exchange by far on Friday as more than 650 million shares changed hands. 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. AMC Entertainment saw a decline in short interest in the month of April. 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. Trying to use earnings or cash flow as a valuation tool would show exorbitant results and not be of much use. Managing Director of Predictive Analytics, S3 Partners, Director of Predictive Analytics, S3 Partners. With the Russell 3000 down only -0.43% for the quarter, short sellers outperformed the market significantly by being good stock pickers. Dusaniwsky has developed a Short Squeeze score and ranks AMC s and GameStops metric a 10 out of 10 for a short squeeze. What does it mean to sell short AMC Entertainment stock? The "King Of Quants" sees 10X potential Cybersecurity Firm Raises $5M in Five Days. But the company still has a consistent liquidity position of $1.16 billion. 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. See here for a complete list of exchanges and delays. They are now transforming AMC into a growth company. "They will never generate cashwith their current capitalstructure. Accept Read More. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. Dusaniwsky added, While a stock can be crowded it might not necessarily be a short squeeze candidate. 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. That's an uptick from 49.53 million in mid-September. 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. 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. High stock borrow fees can test the conviction level of short sellers as financing costs can take a large bite out of expected Alpha. Down 66%, Is Beyond Meat Stock Finally a Buy? (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). AMC Entertainment Is Most Expensive Stock For Short Sellers, But What Other Stocks Top The List? See what's happening in the market right now with MarketBeat's real-time news feed. 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 . 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 latest GameStop short interest data from mid-October indicated that 20% of GME's float - 53.88 million shares - was held short. 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. Before you get any more clout - let's just be transparent here and acknowledge S3 is owned by Citadel. But AMC isn't the only stock costing short sellers an arm and a leg. 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. He speaks with Alix Steel on "Bloomberg: The Open . AMC short interest and stock price. No system or methodology has ever been developed that can guarantee profits or ensure freedom from losses. However, NASDAQ publishes a report for U.S. stocks, including AMC, twice per month. Exciting results also came from its food and beverage business, which generated $252.2 million in revenue a fivefold year-over-year increase. The number comes from an algorithm he created and is not subjective. What is a good short interest ratio for AMC Entertainment? Market wide Short Interest as a % of Float declined moderately in the 3rd quarter, decreasing -28 bps from 5.33% to 5.05%. In 2021, AMC shares rose more than 3,000% when it peaked at its all-time high of $72 per share. All signspoint to an AMC short squeeze this year. 2023 CNBC LLC. Read More . S3 Partners. Last quarter alone, revenue grew 8.5 times over the same period of the previous year. Researcher and operations manager at DM Martins Research. Do Analysts' Price Targets Make Domino's Pizza Stock Look Tasty? Get daily stock ideas from top-performing Wall Street analysts. 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. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. What is AMC Entertainment's current short interest? 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. Ihor Dusaniwsky at S3 Partners tracks short interest in stocks in real time, and he posts a number of his charts on Twitter. Duolingo Speaking Volumes: Forms Bullish Chart Ahead of Earnings, Skip Charts & View Short Interest History. 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. 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. AMC shares have risen nearly 60% this year-to-date. It's now trading at 25 timesEBITDA right now and it's in aworse position today with thechanged industry. Short interest in the domestic market decreased by -$46.7 billion, or -3.93%, to $1.14 trillion in the third quarter of 2021. The most recent reporting period available is April, 15 2023. Research Note written by Ihor Dusaniwsky, Managing Director of Predictive Analytics, S3 Partners, LLC, For deeper insight into short side data and analysis contact me at Ihor.Dusaniwsky@S3Partners.com. Other companys on the highest stock borrow fees list include Bed Bath & Beyond (NASDAQ:BBBY) with GameStop (NYSE:GME) last on the list. For short side data and access to our research reports go to https://research.s3partners.com/ . CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. 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. Before Covid-19 hit the economy in 2020 AMC had lost money and had negative free cash flows two of the three previous years. Investors that short sell a stock are betting . 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. Why the stock could round trip: Valuation. Here are the 10 stocks with the highest borrow fees: Related Link: 10 Stocks That Are Crushing Short Sellers In 2023: Where Do Tesla, Apple, Lucid Motors Rank? You can now read exclusive FrankNez articles for only $1/mo. In every recent quarter, the company has shown gradual improvement. 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. We want to hear from you. Get drawn at the end of the year for holiday giveaways. AMC Entertainment Is Most Expensive Stock For Short Sellers, But What Other Stocks Top The List? I cover technology companies, worldwide economies and the stock market, A customer gets a bucket of popcorn before seeing, g a movie at AMC Town Square. Workflow Solutions. Their efforts, which surged in January, pushed the stock to $20 a share, up from $5, and allowed AMC to lighten its debt load by around $600 million. No representation or implication is being made that using the methodology or system will generate profits or ensure freedom from losses. S3 looked at stocks with at least $100 million in short interest and ranked them by their stock borrow fees. No trader will be forced to exit a position that continues to be profitable. You have already added five stocks to your watchlist. Not surprisingly, AMC was the most expensive stock to short in the first quarter, costing short sellers $225 million in stock borrow fees. 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. 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.. Is the 149% Dividend for ZIM Integrated Shipping in Jeopardy? 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. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. GameStops valuation also doesnt make sense. Plus500. 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. Unify your firm's cash with your prime and custody wallets by seamlessly integrating our solution with your own OMS. To see all exchange delays and terms of use please see Barchart's disclaimer. The shares closed at $26.12 per share Friday, up from $13.68 on Monday. 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. 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. 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. If AMC manages to decisively hold the 50-day moving average as support, then a rise back to its June peak of about $70 could be in order. Ihor Dusaniwsky, S3 Partners Head of Predictive Analytics, discusses AMC stock sale and short interest. contact@marketbeat.com There was also +$8.8 billion of additional short selling in the quarter as short sellers increased their bets on potential market underperformers. 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. With the huge spike in AMCs shares they are definitely in overbought territory. 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%). By clicking Sign up, you agree to receive marketing emails from Insider You can also follow Frank Nez onTwitter,Instagram,Facebook, orLinkedInfor daily posts. At one point it hit $36.72, which was 204% above last Fridays close. 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. Recap using Fridays stock price of $248.36: Dusaniwskys chart on GameStop is available via his tweet. It wasnt until yesterday, May 27, that it had broken those records. S3 Analytics: 3rd Quarter Short Interest by Sector Recap. Tesla Continues to Defy Expectations, Is it Buyable Again? Ihor Dusaniwsky, S3 Partners. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Before Covid-19 hit the economy in 2020 AMC had lost money and had negative free cash . AMC With Fed Decision Looming, Economy and Markets Wait Google Stock Concerned About AI? 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). 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. Gary Gensler, Ken Griffin: Involved in Audit Quality Scheme? The Consumer Discretionary (primarily auto) and HealthCare (Biotech) sectors have the most constituents in the top 25 most squeezable stocks. The author may be long one or more stocks mentioned in this report. These positions are disclosed in Form 13F filings with the Securities and Exchange Commission. See here for a complete list of exchanges and delays. 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. The number of GameStop shares being shorted was at its peak before retail traders combined to 'short squeeze' the stock, ultimately . 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.". Got a confidential news tip? AMC Entertainment has enough short sellers to create big buying pressure in a buy back when closing short positions. Best Debt Consolidation Loans for Bad Credit, Personal Loans for 580 Credit Score or Lower, Personal Loans for 670 Credit Score or Lower. S3 Partners, which calculates real-time short interest in the market, expects the squeeze to continue. Get this delivered to your inbox, and more info about our products and services. A buy signal is flashed when the short-term moving average crosses above the longer-term moving average, as happened for AMC in February. 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. View which stocks are hot on social media with MarketBeat's trending stocks report. A new note from S3 Partners highlights why short-selling AMC may not be worth the cost. FAANG stocks were up an average of +27.3% in 2021 but Amazon.com Inc (AMZN) underperformed the group significantly with only . The stock tested a key support level on Wednesday, as it traded around its 50-day moving average at $37.28. A short interest ratio ranging between 1 and 4 generally indicates strong positive sentiment about a stock and a lack of short sellers. AMC has around 18% of its float shares sold short, versus about 5% for an average U.S. stock, according to data from S3 Partners. This just defies all logic.". The latest AMC short interest data from Morningstar indicates an increase in shorted shares. Lemonides mentioned that "there's been too much confidence among the shorts that these businesses are completely failed.". Dusaniwsky has developed a Short Squeeze score and ranks AMCs metric a 10 out of 10 for a short squeeze. 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. 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. Shares rose from $2 to more than $20 per share in January and from $9 to more than $72 per share later in June. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. When calculating the companys valuation metrics these results use fiscal 2018s $8.3 billion in revenue so as to be as generous as possible. January 3, 2022. On the last day of 2019, AMC had a market value of $751.87 million. June 3rd, 2021, 12:17 PM PDT. Related Link: Are Hedge Fund Short Sellers Hunting And Targeting Specific Bank Stocks? A short squeeze for AMC Entertainment occurs when it has a large amount of short interest and its stock increases in price. Now the stocks short interest is around the same as it was when shares spiked to its all-time high. AMCs short interest came down to 14% after the surge but began to rise again all throughout 2022. 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 .
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