Our daily ratings and market update email newsletter. A short position, no matter how crowded, that continues to be profitable cannot be squeezed. 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 were 9,551 shorted equities with positive P\L, producing +$96.6 billion in profits, +14.4%. "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. AMC shares have risen nearly 60% this year-to-date. Shares rose from $2 to more than $20 per share in January and from $9 to more than $72 per share later in June. The rising 200-day average is currently near the $14 level, representing potential downside of 60% from current levels. Other stocks with a 10 out of 10 score are Bed, Bath & Beyond 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. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. 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. AMC shares currently have a short interest ratio of 4.0. Exciting results also came from its food and beverage business, which generated $252.2 million in revenue a fivefold year-over-year increase. It would not be surprising to see them pull back in the short term, similar to what happened in early February. AMC Entertainment Is Most Expensive Stock For Short Sellers, But What Other Stocks Top The List? 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 Health Care sector had a -0.54% decrease in SI % Float to 5.82% as we saw appreciable short covering in the sector. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. S3 Analytics: 3rd Quarter Short Interest by Sector Recap. The stock tested a key support level on Wednesday, as it traded around its 50-day moving average at $37.28. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Is the 149% Dividend for ZIM Integrated Shipping in Jeopardy? AMC Entertainment Is Most Expensive Stock For Short Sellers, But What Other Stocks Top The List? To see all exchange delays and terms of use please see Barchart's disclaimer. All Rights Reserved. AMC Stock: Short Sellers Paid $1.91 Billion in Fees The more than 1,100% jump in AMC's stock since January has defied Wall Street analyst predictions. In the last quarter alone, AMC's revenues reached 65% of pre-pandemic levels. The latest GameStop short interest data from mid-October indicated that 20% of GME's float - 53.88 million shares - was held short. Reese also said that bets against AMC's business have been based on retail investor fatigue. 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. To make matters worse, AMC short sellers have also gotten burned by the stock's 33.2% year-to-date gain. Figure 1:This Could Be a Bad Time to Bet Against AMC. I could not have put it better myself. AMC Entertainment (AMC) - Get Free Reportcontinues to be a major target for short-selling activity. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. Traders view the the 50-day moving average, which is the average daily closing price of a stock over its previous 50 trading sessions, as a short-term moving average that often represents areas of support or resistance for a stock. A short interest ratio ranging between 1 and 4 generally indicates strong positive sentiment about a stock and a lack of short sellers. (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%). How does a short squeeze work against AMC Entertainment? 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. At the end of April, 100.63 million shares were being shorted. 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. On the last day of 2019, AMC had a market value of $751.87 million. AMC stock jumps nearly 15% as retail-fueled rally stretches to - CNBC Short interest in the domestic market decreased by -$46.7 billion, or -3.93%, to $1.14 trillion in the third quarter of 2021. Learn More. 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. As of April 15th, investors have sold 137,470,000 shares of AMC short. They are now transforming AMC into a growth company. What is a good short interest ratio for AMC Entertainment? Stock Sharks on Instagram: "Passionate day traders glued to their "They will never generate cashwith their current capitalstructure. Recap using Fridays stock price of $248.36: Dusaniwskys chart on GameStop is available via his tweet. Probably the best metric is market cap to revenue. Is Beyond Meat (BYND) Stock Outpacing Its Consumer Staples Peers This Year? Please add MMTLP to your list, and GTII, and GNS. - Shorts Think So. Which stocks are the most shorted right now? The forced buying tends to fuel the rally even further. 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. Get 30 Days of MarketBeat All Access Free, By creating a free account, you agree to our. High stock borrow fees can test the conviction level of short sellers as financing costs can take a large bite out of expected Alpha. Editing by Matthew Lewis, First Republic collapse sparks regional bank shares sell-off, JPMorgan wins government auction to buy seized First Republic Bank, Exclusive: Subway comes up with debt plan to clinch $10 billion-plus sale, Explainer: Why First Republic Bank failed and what JPMorgan's deal means, All eyes on Lyft's new CEO as Wall Street awaits turnaround plan, IMF's Georgieva says more vulnerabilities in banking sector may be exposed, Brazil police shoot dead 4 illegal gold miners on Yanomami reservation, India cuts windfall tax on petroleum crude, Options traders remain wary of regional banks after First Republic rescue. 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 . Over the past week, short bets increased 6% to 5 . Please log in to your account or sign up in order to add this asset to your watchlist. But the chances of getting a tap on the shoulder from a Chief Risk Officer to cut losses and get out of the trade is higher for these stocks. 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. Is AMC Entertainment's short interest increasing or decreasing? (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 was the most active stock on the New York Stock Exchange by far on Friday as more than 650 million shares changed hands. Sign up for free newsletters and get more CNBC delivered to your inbox. Our Standards: The Thomson Reuters Trust Principles. 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. By the end of May, that number had grown to 109.83 million shares. S3 Partners Launches Squeeze Risk Score on SI<GO> Bloomberg Terminal Page Down 66%, Is Beyond Meat Stock Finally a Buy? Thanks to this combination of improving fundamentals and growth efforts, AMC is slowly changing. However, NASDAQ publishes a report for U.S. stocks, including AMC, twice per month. Ihor Dusaniwsky at S3 Partners tracks short interest in stocks in real time, and he posts a number of his charts on Twitter. 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. AMC Entertainment saw a decline in short interest in the month of April. That's an uptick from 49.53 million in mid-September. AMC Entertainment stock falls again as shorts continue to circle Id love to know your thoughts leave a comment down below. 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. 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. The market is rampant with blatant stealing from retail investors and driving companies down illegally. The "King Of Quants" sees 10X potential Cybersecurity Firm Raises $5M in Five Days. 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. 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. In fact, the short interest in many of these speculative names has gone up in recent weeks, according to data firm S3 Partners. In every recent quarter, the company has shown gradual improvement. AMC large recent short-side mark-to-market losses have kept it at the top of the league tables for his Short Squeeze Risk Metric. but BLNK short sellers were still up +35% in the 3rd quarter even after paying away -13% is stock borrow financing costs. The retail investors' agenda has been to keep AMC alive and to "stick it" to the hedge funds, one analyst told CNBC. 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. 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. AMC Becomes The #1 Stock with Highest Borrow Fees Clovis Oncology, currently the most expensive stock to short, boasts a 109% borrow fee according to data from S3 Partners, a financial analytics firm. June 3rd, 2021, 12:17 PM PDT. He speaks with Bloomberg's Matt Miller on "Bloomberg Markets." (Source: Bloomberg) With the Russell 3000 down only -0.43% for the quarter, short sellers outperformed the market significantly by being good stock pickers. 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 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. You seem like a nice guy Ihor, but let's not pretend ANYONE's short interest data is even remotely accurate. S3 Partners (@S3Partners) / Twitter , 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%. Investors shorting the meme stock AMC Entertainment are estimated to have lost $1.23 billion over the last week. The Consumer Discretionary (primarily auto) and HealthCare (Biotech) sectors have the most constituents in the top 25 most squeezable stocks. A buy signal is flashed when the short-term moving average crosses above the longer-term moving average, as happened for AMC in February. Data from S3 partners reveal the AMC's shorted shares have dropped massively this month. AMC Entertainment has enough short sellers to create big buying pressure in a buy back when closing short positions. The number of GameStop shares being shorted was at its peak before retail traders combined to 'short squeeze' the stock, ultimately . 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. Everything You Need to Know About an AMC Short Squeeze, AMC CEO Reflects on "Meme Stock" Frenzy of 2021. This breakthrough stock has bright future this decade. 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. S3 Analytics: 3rd Quarter Short Interest by Sector Recap A short squeeze for AMC Entertainment occurs when it has a large amount of short interest and its stock increases in price. Dusaniwsky estimates that 89.6 million shares are shorted or 20% of the 448 million shares. 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. AMC Entertainment How often is AMC Entertainment's short interest reported? An increase in short sale volume suggests bearish (negative) sentiment among investors. For AMC, the picture for the short-seller is far bleaker than the one for GameStop. Although short interest is now nowhere near the exaggerated levels that preceded January 2021's historic rally, data from S3 Partners shows that short interest in both GameStop and AMC . Plus500. 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. In 2021, AMC shares rose more than 3,000% when it peaked at its all-time high of $72 per share. Note that while GameStops fiscal year ended on January 30, 2021, and would normally be labeled fiscal 2021, GameStop calls it fiscal 2020. Changes in short volume can be used to identify positive and negative investor sentiment. 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 . Workflow Solutions. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. AMC CEO's Fortune Has Jumped Over $120 Million Amid Reddit-Trader Push 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.". As AMC tests its key 50-day moving average support level, short bets against the company are increasing, according to data from S3 partners. 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. 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. S3 Partners, which calculates real-time short interest in the market, expects the squeeze to continue. #AMC#AMCSqueeze.. See what's happening in the market right now with MarketBeat's real-time news feed. You can now read exclusive FrankNez articles for only $1/mo. The more than 1,100% jump in AMC's stock since January has defied Wall Street analyst predictions. 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. Changes in short volume can be used to identify positive and negative investor sentiment. Short Interest and Securities Finance Data - Access the only independent Short Interest and Securities Finance data set available. 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 Squeeze Alert: GME Is A Few Dollars From Going Parabolic Says S3 A stock borrow fee is a fee charged by a brokerage to short sellers who borrow shares of stock. But there were several sectors with some movement. View all of the most shorted stocks. FAANG stocks were up an average of +27.3% in 2021 but Amazon.com Inc (AMZN) underperformed the group significantly with only . This Could Be a Bad Time to Bet Against AMC. Here's Why 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. 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. 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. For short side data and access to our research reports go to https://research.s3partners.com/ . contact@marketbeat.com