Research: S3 Partners Get drawn at the end of the year for holiday giveaways. 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. Our platform connects, collects, and cleans position data across the total trade life cycle for any portfolio. The rally cooled off late Friday after AMC's stock skyrocketed as much as 38% during early morning trading. MicroStrategy Stock: A Trial by Fire for Its Bitcoin Strategy. Ihor Dusaniwsky at S3 Partners tracks short interest in stocks in real time, and he posts a number of his charts on Twitter. Reese also said that bets against AMC's business have been based on retail investor fatigue. 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. 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. How high the stock will jump to is unknown. Short interest stands . In the last quarter alone, AMC's revenues reached 65% of pre-pandemic levels. Affiliates of S3 Partners, LLC may have a position or effect transactions in the securities described herein (or options thereon) and/or otherwise employ trading strategies that may be consistent or inconsistent with the provided strategies or information. AMC stock jumps nearly 15% as retail-fueled rally stretches to - CNBC AMC shares are trading down $0.09 today. Market wide Short Interest as a % of Float declined moderately in the 3rd quarter, decreasing -28 bps from 5.33% to 5.05%. Thanks to this combination of improving fundamentals and growth efforts, AMC is slowly changing. A stock borrow fee is a fee charged by a brokerage to short sellers who borrow shares of stock. 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? January 3, 2022. 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. The "King Of Quants" sees 10X potential Cybersecurity Firm Raises $5M in Five Days. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. 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. We'll assume you're ok with this, but you can opt-out if you wish. Learn More on AMC Entertainment's current short interest. 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. Get short term trading ideas from the MarketBeat Idea Engine. As Aron said, it is not enough for AMC to return to pre-pandemic levels to prove a successful business. Plus500. Why is the AMC Entertainment stock seeing an increase in short interest? At the end of April, 100.63 million shares were being shorted. Dusaniwsky has developed a Short Squeeze score and ranks AMC s and GameStops metric a 10 out of 10 for a short squeeze. Export data to Excel for your own analysis. The author may be long one or more stocks mentioned in this report. Dusaniwsky added, While a stock can be crowded it might not necessarily be a short squeeze candidate. 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. . Introduction. 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. Dusaniwsky has developed a Short Squeeze score and ranks AMCs metric a 10 out of 10 for a short squeeze. How does AMC Entertainment's short interest compare to its competitors? By downloading any information from s3partners.com your information may be shared with our educational partners or affiliates. AMC Entertainment (NYSE:AMC) has become the #1 stock with the highest borrow fees according to S3 Partners. Not surprisingly, AMC was the most expensive stock to short in the first quarter, costing short sellers $225 million in stock borrow fees. The market is rampant with blatant stealing from retail investors and driving companies down illegally. S3 Partners LLC: S3 Short Interest and Securities Finance Data - Snowflake Which institutional investors are shorting AMC Entertainment? Sign up for our newsletter to get the inside scoop on what traders are talking about delivered daily to your inbox. The five largest short-side winners in the 3rd quarter were: BABA (+$3.93bn), AMC (+(1.42bn), ZM (+$1.32bn), NIO (+$1.06bn), W (+$964mm). Our daily ratings and market update email newsletter. New York, NY 10022, 2022 S3partners.com All Rights Reserved. The more than 1,100% jump in AMC's stock since January has defied Wall Street analyst predictions. AMCs short borrow fee rate has skyrocketed in the past months but is now reaching record highs. June 3rd, 2021, 12:17 PM PDT. Identify stocks that meet your criteria using seven unique stock screeners. AMC Entertainment Is Most Expensive Stock For Short Sellers, But What Other Stocks Top The List? Ihor Dusaniwsky on Twitter: "$AMC short interest is $2.36BN 90.52M AMC's new retail investors, who stand at 3.2 million strong, owned about 80% of the company's 450 million outstanding shares as of March 11, AMC reported earlier this month. 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. Also, the article may contain affiliate links. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. 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. Upgrade to MarketBeat All Access to add more stocks to your watchlist. With Fed Decision Looming, Economy and Markets Wait Google Stock Concerned About AI? AMC shares currently have a short interest ratio of 4.0. (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). You can also follow Frank Nez onTwitter,Instagram,Facebook, orLinkedInfor daily posts. 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. AMC And GameStop Are Still Set Up For A Short Squeeze - Forbes He speaks with Alix Steel on "Bloomberg: The Open . 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. 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 . Here is how the short interest of companies in the sector of "consumer discretionary" compare to AMC Entertainment: Cinemark Holdings, Inc. (25.76%), Grupo Televisa, S.A.B. It would not be surprising to see them pull back in the short term, similar to what happened in early February. The data is organized by frequency of updates, with intraday data at the top (short shares availability, short borrow fee rate), daily data (short volume, fails-to-deliver) in the middle, and the slowest updated data (short interest) at the bottom. S3 Partners (@S3Partners) / Twitter 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 Miscellaneous (primarily SPACs) sector has the largest SI % Float at 9.59% and Consumer Discretionary (6.45%) was the only other sector over 6%. While AMCs stock was down $0.40 for the day from $26.52 to $26.12, for the week Dusaniwsky estimates that shorts lost over $1.2 billion and since the beginning of the year have lost over $1.9 billion. Leave your thoughts below! Down 66%, Is Beyond Meat Stock Finally a Buy? The latest AMC short interest data from Morningstar indicates an increase in shorted shares. Stock Sharks on Instagram: "Passionate day traders glued to their However, even when these criteria are met it does not necessarily mean the stock is a short squeeze candidate. It traded at seven times EBITDApre-pandemic. Some of the factors in it are short sale liquidity, trading liquidity, financing liquidity and mark-to-market profit and losses. The so-called short covering could be contributing to AMC's massive rally this week. Fees Adding Up: S3 estimates short sellers paid a total of $1.91 billion in stock borrow fees in the first quarter of 2023, up from $1.54 billion in the fourth quarter of 2022. This website uses cookies to improve your experience. 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. A decrease on short sale volume suggests bullish (positive) sentiment. 590 Madison Avenue, 25th FL Its 30-day trading volume average is just above 100 million shares, according to FactSet. This short interest tracker provides a variety of short interest related data, sourced from a variety of partners. 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%. 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. If you become a successful company you destroy a shorts thesis hence no logical reason to continue shorting. Short exposure continues to be concentrated in several sectors: Information Technology ($258 billion), Consumer Discretionary ($211 billion) and Health Care ($168 billion). 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. See here for a complete list of exchanges and delays. At the current valuation AMCs shares are 12.7 times more expensive than 2017s valuation level. Image: S3 Partners, LLC. He wrote, A security is considered crowded on the short side if some or all of the following occur:. AMC Entertainment has enough short sellers to create big buying pressure in a buy back when closing short positions.
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