But there were several sectors with some movement. (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%). You seem like a nice guy Ihor, but let's not pretend ANYONE's short interest data is even remotely accurate. 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. AMC's business fundamentals are at their best levels since the pandemic, but short sellers continue to bet against the stock. Investors shorting the meme stock AMC Entertainment are estimated to have lost $1.23 billion over the last week. AMC shares have risen nearly 60% this year-to-date. 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. Dusaniwsky added, While a stock can be crowded it might not necessarily be a short squeeze candidate. And before Covid-19 impacted business the companys market cap was about $750 million. Id love to know your thoughts leave a comment down below. AMC Entertainment saw a drop in short interest in the month of April. See here for a complete list of exchanges and delays. Short squeeze has not contributed to AMCs recent rise. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. Before Covid-19 derailed the U.S. and worldwide economies GameStop was slowly losing revenue from fiscal 2016 to 2018 then had a sharp drop-off in fiscal 2019 (ended in January 2020). (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). Before Covid-19 hit the economy in 2020 AMC had lost money and had negative free cash . Other stocks with a 10 out of 10 score are Bed, Bath & Beyond Clovis Oncology, currently the most expensive stock to short, boasts a 109% borrow fee according to data from S3 Partners, a financial analytics firm. AMC short sellers dealt massive $1.2 billion blow after stock rally - CNBC #AMC#AMCSqueeze.. January 3, 2022. Shares of the movie theater chain rallied more than 116% since Monday. BBBY but BLNK short sellers were still up +35% in the 3rd quarter even after paying away -13% is stock borrow financing costs. The more than 1,100% jump in AMC's stock since January has defied Wall Street analyst predictions. The stock tested a key support level on Wednesday, as it traded around its 50-day moving average at $37.28. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. 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. The number comes from an algorithm he created and is not subjective. 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. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. 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. Learn More on AMC Entertainment's short interest ratio. 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. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. If a trader has significant historical profits in a stock; very high conviction in their investment\trading thesis; a technical or quantitative reason to be in a stock; or is very stubborn with a thick skin for enduring mark-to-market losses, they may remain short in a stock despite its high Crowded and Squeeze scores. 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. No trader will be forced to exit a position that continues to be profitable. GameStop Short Sellers Flee As Short Interest Drops By $880 - Wccftech An additional variable which is necessary for a short squeeze to occur is substantial net-of-financing mark-to-market losses. 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. Ihor Dusaniwsky at S3 Partners tracks short interest in stocks in real time, and he posts a number of his charts on Twitter. AMC Entertainment (AMC) - Get Free Reportcontinues to be a major target for short-selling activity. 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. AMC stock jumps nearly 15% as retail-fueled rally stretches to - CNBC Also, the article may contain affiliate links. It's now trading at 25 timesEBITDA right now and it's in aworse position today with thechanged industry. The author may be long one or more stocks mentioned in this report. 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.. 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. Short interest is the volume of AMC Entertainment shares that have been sold short but have not yet been covered or closed out. The stocks in our top 25 list all have elevated S3 SI % Float and days-to-cover. 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 . 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 . Throughout 2022, AMC was one of the preferred stocks to short - and it turned out to be a great investment for short-sellers. Unify your firm's cash with your prime and custody wallets by seamlessly integrating our solution with your own OMS. 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). Do Analysts' Price Targets Make Domino's Pizza Stock Look Tasty? Indeed, according to S3 Partners Research, through early December . Best Debt Consolidation Loans for Bad Credit, Personal Loans for 580 Credit Score or Lower, Personal Loans for 670 Credit Score or Lower. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. But a stock's decline below its 50-day moving average does not mean a swift decline back to its 200-day moving average is in order. 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. The recovery of AMC's business fundamentals has been aided by cash raised through share appreciation by retail investors. Before you get any more clout - let's just be transparent here and acknowledge S3 is owned by Citadel. 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). He continued, A short position, no matter how crowded, that continues to be profitable cannot be squeezed. 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%. Instead, management is seeking new avenues for growth beyond the entertainment business. How often is AMC Entertainment's short interest reported? FAANG stocks were up an average of +27.3% in 2021 but Amazon.com Inc (AMZN) underperformed the group significantly with only . At one point it hit $36.72, which was 204% above last Fridays close. 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. This has allowed AMC's management to go beyond simply recovering its business. Managing Director of Predictive Analytics, S3 Partners, Director of Predictive Analytics, S3 Partners. No system or methodology has ever been developed that can guarantee profits or ensure freedom from losses. Identify stocks that meet your criteria using seven unique stock screeners. 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. Year to date shorts positions in First Republic are up $971.8 million, according to Dusaniwsky. S3 Partners founder Robert Sloan examines the short-selling activity surrounding AMC and the top short-squeeze risks. (Photo by Ethan Miller/Getty Images), chart on GameStop is available via his tweet, 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 interest is $4.53 billion of $21.6 billion market cap, Shortsare now down $3.91 billion in year-to-date mark-to-market losses, This includes up $302 million on Fridays decline of 6.7%, Shorts are down $1.99 billion or 52%, last week, Dec. 31, 2017: $1.58 billion with $5.08 billion in revenue = 0.31x market cap to revenue, Dec. 31, 2018: $1.48 billion with $5.46 billion in revenue = 0.27x market cap to revenue, Dec. 31, 2019: $747 million with $5.47 billion in revenue = 0.14x market cap to revenue, Dec. 31, 2020: $248 million with $1.24 billion in revenue = 0.20x market cap to revenue, GME short interest is $2.99 billion of $17.6 billion market cap, Shortsare still down $6.77 billion in year-to-date mark-to-market losses, This includes up $114 million on Fridays decline of 3.8%, Shorts are down $294 million or 10%, last week, Fiscal 2021 revenue: $5.43 billion estimate, Fiscal 2022 revenue: $5.37 billion estimate, GameStop has a market cap of $17.6 billion, Which is 13.8 times greater than December 31, 2020s market cap of $1.3 billion, And 2.1x market cap to fiscal 2018s revenue. But it's getting close to reaching pre-pandemic levels. The difference between the sell price and the buy price is the trader's profit. At the end of April, 100.63 million shares were being shorted. AMC Becomes The #1 Stock with Highest Borrow Fees The shares closed at $26.12 per share Friday, up from $13.68 on Monday. 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). This breakthrough stock has bright future this decade. Short Squeeze Alert: GME Is A Few Dollars From Going Parabolic Says S3 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. Traders typically short a company, in anticipation its share price will decline, by borrowing stock. Combined with retail buying pressure, an AMC short squeeze today is highly probable. AMC - Short Interest - AMC Entertainment Holdings Inc Stock - Short With Fed Decision Looming, Economy and Markets Wait Google Stock Concerned About AI? It wasnt until yesterday, May 27, that it had broken those records. S3 Partners. Researcher and operations manager at DM Martins Research. For short side data and access to our research reports go to https://research.s3partners.com/ . Learn More. MicroStrategy Stock: A Trial by Fire for Its Bitcoin Strategy. AMC share price gets cut in half as reality sets in for meme - CNBC A short interest ratio ranging between 1 and 4 generally indicates strong positive sentiment about a stock and a lack of short sellers. 13 Stocks That Rank As Most Expensive to Short, Data Show - Markets Insider CNBC's Yun Li contributed to this report. First Republic Bank short positions turn profitable for month -S3 Probably the best metric is market cap to revenue. "FRC shorts are up +$320.3 million in mark-to-market profits on todays -33.9% price move," he wrote. What does it mean to sell short AMC Entertainment stock? I could not have put it better myself. 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. Thanks to this combination of improving fundamentals and growth efforts, AMC is slowly changing. S3 looked at stocks with at least $100 million in short interest and ranked them by their stock borrow fees. The Health Care sector had a -0.54% decrease in SI % Float to 5.82% as we saw appreciable short covering in the sector. 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. 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 . 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. See what's happening in the market right now with MarketBeat's real-time news feed. Over the past week, short bets increased 6% to 5 million shares, worth nearly $200 million. A decrease on short sale volume suggests bullish (positive) sentiment. CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. These positions are disclosed in Form 13F filings with the Securities and Exchange Commission. As AMC tests its key 50-day moving average support level, short bets against the company are increasing, according to data from S3 partners. A stock borrow fee is a fee charged by a brokerage to short sellers who borrow shares of stock. 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. 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 . By downloading any information from s3partners.com your information may be shared with our educational partners or affiliates. However, even when these criteria are met it does not necessarily mean the stock is a short squeeze candidate. AMC has not yet fully recovered from the effects of the pandemic. Research: S3 Partners Get this delivered to your inbox, and more info about our products and services. You can now read exclusive FrankNez articles for only $1/mo. Please add MMTLP to your list, and GTII, and GNS. AMCs short interest per S3 Partners and Ortex data is nearly identical. 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. "FRC shorts are now profitable in April, up +$195.0 million in month-to-date mark-to-market profits.". In fact, AMC reported the best first quarter in the last two years. 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. AMCs short borrow fee rate has skyrocketed in the past months but is now reaching record highs. AMC was the most active stock on the New York Stock Exchange by far on Friday as more than 650 million shares changed hands. A new note from S3 Partners highlights why short-selling AMC may not be worth the cost. Surprisingly, these were three of the four sectors with the largest increase in short interest in the 2nd quarter of this year. Figure 1:This Could Be a Bad Time to Bet Against AMC. Why the stock could round trip: Valuation. 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. While the movie theater business is rebounding, AMC is still facing strong headwinds. 86% of retail CFD accounts lose money, Beyond Meat hosts conference call for investors, Short Interest Sector Focus: Consumer Defensive Sector. On Friday, that value stood at around $11.9 billion, according to data from FactSet. 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. "They will never generate cashwith their current capitalstructure. To make matters worse, AMC short sellers have also gotten burned by the stock's 33.2% year-to-date gain. 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. 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%). How does a short squeeze work against AMC Entertainment? UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. 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). What is AMC Entertainment's current short interest? AMC has 13.8% of its float shares sold short after a 6.2% increase . The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. Last quarter alone, revenue grew 8.5 times over the same period of the previous year. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN. 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. 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. Which stocks are the most shorted right now? S3 Partners (@S3Partners) / Twitter Upgrade to MarketBeat All Access to add more stocks to your watchlist. S3 Partners Launches Squeeze Risk Score on SI<GO> Bloomberg Terminal Page Only one sector had a significant increase in short exposure in the 3rd quarter, the Energy sector was up +$4.4 billion. 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. This short interest tracker provides a variety of short interest related data, sourced from a variety of partners. - AMC Enter Hldgs (NYSE:AMC) AMC Entertainment (NYSE:AMC) has become the #1 stock with the highest borrow fees according to S3 Partners. Some of the factors in it are short sale liquidity, trading liquidity, financing liquidity and mark-to-market profit and losses. 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. In-depth profiles and analysis for 20,000 public companies. 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. While a substantially large . Shares of AMC Entertainment dropped as much as 14% on Wednesday as retail traders begin to capitulate on the meme-stock frenzy and short bets against the theater chain increase. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. You have already added five stocks to your watchlist. 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. Despite the company showing signs of recovery from the COVID pandemic, short sellers continue to bet against its stock. Accept Read More.
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