(Disclaimers: this is not investment advice. 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). In fact, the short interest in many of these speculative names has gone up in recent weeks, according to data firm S3 Partners. 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. AMC shares have risen nearly 60% this year-to-date. The user said, Shorts attack companies they feel they can destroy. A decrease on short sale volume suggests bullish (positive) sentiment. Revenue increased fivefold, and adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) grew 80%, compared to last year. Clovis Oncology, currently the most expensive stock to short, boasts a 109% borrow fee according to data from S3 Partners, a financial analytics firm. FCF was negative $300 million. In the last quarter alone, AMC's revenues reached 65% of pre-pandemic levels. 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. While a substantially large . Unify your firm's cash with your prime and custody wallets by seamlessly integrating our solution with your own OMS. On Friday, that value stood at around $11.9 billion, according to data from FactSet. Short positions in First Republic Bank now account for 32.5% of its stock available to trade. June 4, 2021: $21.6 billion with $5.47 billion in revenue = 3.9x market cap to revenue. In 2021, AMC shares rose more than 3,000% when it peaked at its all-time high of $72 per share. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. Probably the best metric is market cap to revenue. The recovery of AMC's business fundamentals has been aided by cash raised through share appreciation by retail investors. You can also follow Frank Nez onTwitter,Instagram,Facebook, orLinkedInfor daily posts. 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. New York, NY 10022, 2022 S3partners.com All Rights Reserved. For AMC, the picture for the short-seller is far bleaker than the one for GameStop. Thanks to this combination of improving fundamentals and growth efforts, AMC is slowly changing. Ihor Dusaniwsky, S3 Partners Head of Predictive Analytics, discusses AMC stock sale and short interest. 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. Data from S3 partners reveal the AMC's shorted shares have dropped massively this month. AMC And GameStop Are Still Set Up For A Short Squeeze - Forbes Lets start a discussion. Short squeeze has not contributed to AMCs recent rise. However, NASDAQ publishes a report for U.S. stocks, including AMC, twice per month. All trades, patterns, charts, systems, etc., discussed herein and any product materials are for illustrative purposes only and not to be construed as specific advisory recommendations. When it gets above 70, and it is currently at 86.81, they are overbought. Short interest is typically published by a stock exchange once per month. The number comes from an algorithm he created and is not subjective. 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). Supply is dwindling. AMC Stock: Short Sellers Paid $1.91 Billion in Fees Is AMC Entertainment's short interest increasing or decreasing? 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). 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. Get daily stock ideas from top-performing Wall Street analysts. There were 6,195 shorted equities with negative P\L, producing -$49.4 billion in losses, -9.8%. Managing Director of Predictive Analytics, S3 Partners, Director of Predictive Analytics, S3 Partners. 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, which calculates real-time short interest in the market, expects the squeeze to continue. TV Shows. Ihor Dusaniwsky at S3 Partners tracks short interest in stocks in real time, and he posts a number of his charts on Twitter. One sign traders look for to generate a buy or sell signal is the crossover between the shorter 50-day and longer 200-day moving averages. AMC Entertainment falls 14% as increasing short bets test a key 2023 S3 Partners, LLC. Short sellers have now lost grip as the cost to short the stock has dramatically increased. 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. Ihor Dusaniwsky at S3 Partners tracks short interest in stocks in real time, and he posts a number of his charts on Twitter. While a stock can be crowded it might not necessarily be a short squeeze candidate. Combined with retail buying pressure, an AMC short squeeze today is highly probable. All ideas and material presented are entirely those of the author and do not necessarily reflect those of the publisher. You seem like a nice guy Ihor, but let's not pretend ANYONE's short interest data is even remotely accurate. AMC's Stock Set Up For A Short Squeeze - Forbes (844) 978-6257. as well as other partner offers and accept our, begin to capitulate on the meme-stock frenzy, Registration on or use of this site constitutes acceptance of our. Short interest in shares of beleaguered First Republic Bank 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 . - AMC Enter Hldgs (NYSE:AMC) What we do know is that CEO Adam Aron plans to tackle the short thesis fundamentally. The difference between the sell price and the buy price is the trader's profit. 2023 CNBC LLC. 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.". Dusaniwsky has developed a Short Squeeze score and ranks AMCs metric a 10 out of 10 for a short squeeze. 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. 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. Here are the top 13 stocks with the highest . S3 Analytics: 3rd Quarter Short Interest by Sector Recap Short Interest Data. This just defies all logic.". That's an uptick from 49.53 million in mid-September. AMC share price gets cut in half as reality sets in for meme - CNBC AMC Entertainment saw a drop in short interest in the month of April. "They will never generate cashwith their current capitalstructure. S3 Partners is reporting AMC as the #1 stock with highest borrow fees but like Ortex, it also reports the companys short interest. Accept Read More. Short sellers betting against AMC suffered $2 billion in losses . 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. Graphite is used to build batteries. How often is AMC Entertainment's short interest reported? Introduction. AMCs short interest per S3 Partners and Ortex data is nearly identical. For stock market, business news and updates,join the newsletterto receive weekly market news and notifications straight to your inbox. 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.". With 450 million shares outstanding, the entire company changed hands nearly 1.5 times during Friday's trading. 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. INTELLECTUAL PROPERTY NOTICES: PRODUCT AND COMPANY NAMES USED HEREIN, OTHER THAN SHORTSIGHT.COM, MAY BE TRADEMARKS OR REGISTERED TRADEMARKS OF THEIR RESPECTIVE HOLDERS. Short interest is the volume of AMC Entertainment shares that have been sold short but have not yet been covered or closed out. Co-producer of The Street's financial channels: Apple Maven, Amazon Maven and Wall Street Memes. Franknez.com is the media site that keeps retail investors informed. 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 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%. 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. 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. 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 rally cooled off late Friday after AMC's stock skyrocketed as much as 38% during early morning trading. Other stocks with a 10 out of 10 score are Bed, Bath & Beyond Our platform connects, collects, and cleans position data across the total trade life cycle for any portfolio. Get drawn at the end of the year for holiday giveaways. High stock borrow fees can test the conviction level of short sellers as financing costs can take a large bite out of expected Alpha. Related Link: Are Hedge Fund Short Sellers Hunting And Targeting Specific Bank Stocks? 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. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. 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%. 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. A buy signal is flashed when the short-term moving average crosses above the longer-term moving average, as happened for AMC in February. 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 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. Joe, you nailed it. 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. Learn More on AMC Entertainment's current short interest. All rights reserved. S3 Analytics: 3rd Quarter Short Interest by Sector Recap. A Division of NBCUniversal. 'We should see the GME short squeeze continuing': S3 Partners AMC Becomes The #1 Stock with Highest Borrow Fees Opinions expressed by Forbes Contributors are their own. (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 short sellers dealt massive $1.2 billion blow after stock rally - CNBC See what's happening in the market right now with MarketBeat's real-time news feed. Reese also said that bets against AMC's business have been based on retail investor fatigue. 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. 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. Plus500. It would not be surprising to see them pull back in the short term, similar to what happened in early February. 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. Thank you for all your help. 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. Get this delivered to your inbox, and more info about our products and services. Throughout 2022, AMC was one of the preferred stocks to short - and it turned out to be a great investment for short-sellers. At some point in time reality should catch up what can easily be called an overvalued stock. 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. 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. A short interest ratio of 10 or greater indicates strong pessimism about a stock. 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.. Short sellers will have to make a decision to either stick to their convictions and remain short despite rising share prices. 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. AMC has 13.8% of its float shares sold short after a 6.2% increase . Our daily ratings and market update email newsletter. But there were several sectors with some movement. Sign up for free newsletters and get more CNBC delivered to your inbox. View all of the most shorted stocks. Learn More on AMC Entertainment's short interest ratio. Real-time analyst ratings, insider transactions, earnings data, and more. First Republic Bank short positions turn profitable for month -S3 590 Madison Avenue, 25th FL Exclusive news, data and analytics for financial market professionals, Reporting by Herbert Lash in New York 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. Read More . "FRC shorts are up +$320.3 million in mark-to-market profits on todays -33.9% price move," he wrote. Export data to Excel for your own analysis. 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. 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. S3's Sloan Sees AMC as Top Short-Squeeze Risk - Bloomberg Why is the AMC Entertainment stock seeing an increase in short interest? GameStop, AMC Short Sellers Lose $12 Billion As Retail - Wccftech AMC short interest and stock price. 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. 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%). Beyond Meat (BYND) Initiated with a Hold at BMO Capital, 7 Short-Squeeze Stocks That Could Make You Rich, 3 Short-Squeeze Stocks Set for an April Rally, Registration on or use of this site constitutes acceptance of our. This website uses cookies to improve your experience. Got a confidential news tip? Recap using Fridays stock price of $248.36: Dusaniwskys chart on GameStop is available via his tweet. 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 . Will Deady on LinkedIn: AMC Entertainment Is Most Expensive Stock For Its 30-day trading volume average is just above 100 million shares, according to FactSet. AMC shares are trading down $0.09 today. Before you get any more clout - let's just be transparent here and acknowledge S3 is owned by Citadel. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. 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. Not surprisingly, AMC was the most expensive stock to short in the first quarter, costing short sellers $225 million in stock borrow fees. The data, which replaces the previously available S3 Rate Temperature, will be provided on a 30-day delay, with real-time data available in S3's BLACK App Excel {APPS BLAX< GO >} and S3's . 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. All signspoint to an AMC short squeeze this year. 1,359 likes, 60 comments - Stock Sharks (@stocksharks) on Instagram: "Passionate day traders glued to their Reddit message boards have found their new favorite . but BLNK short sellers were still up +35% in the 3rd quarter even after paying away -13% is stock borrow financing costs. To put this into context, fellow meme stock AMC Entertainment has a short interest . Shares rose from $2 to more than $20 per share in January and from $9 to more than $72 per share later in June. AMC Entertainment (AMC) - Get Free Reportcontinues to be a major target for short-selling activity. Traders typically short a company, in anticipation its share price will decline, by borrowing stock. Dusaniwsky has developed a Short Squeeze score and ranks AMC s and GameStops metric a 10 out of 10 for a short squeeze. Learn More on AMC Entertainment's current short interest. GameStop may be able to shake up its business enough to recover at least some of downturn but it wont happen overnight. 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 (-$14mm). Ihor Dusaniwsky on Twitter: "$AMC short interest is $2.36BN 90.52M 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. How does a short squeeze work against AMC Entertainment? 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. It became slightly cheaper, on average, to short stocks in the 3rd quarter as the average stock loan fee fell -3 bps from 0.72% fee to 0.69% fee. Which institutional investors are shorting AMC Entertainment? 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. Most "Squeezable" U.S. Stocks - S3 Partners Last quarter alone, revenue grew 8.5 times over the same period of the previous year. Ron, It matters and it matters even more when shills comment negatively towards AMC, 100% agree. Indeed, according to S3 Partners Research, through early December . Surprisingly, these were three of the four sectors with the largest increase in short interest in the 2nd quarter of this year. The number of GameStop shares being shorted was at its peak before retail traders combined to 'short squeeze' the stock, ultimately . In every recent quarter, the company has shown gradual improvement. Before Covid-19 hit the economy in 2020 AMC had lost money and had negative free cash flows two of the three previous years. 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. 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. 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. If you become a successful company you destroy a shorts thesis hence no logical reason to continue shorting. 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).