S3 Partners LLC. BBBY - Shorts Think So. 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. But it's getting close to reaching pre-pandemic levels. Short Interest Data. 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. 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. 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. January 3, 2022. 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. He speaks with Alix Steel on "Bloomberg: The Open . However, NASDAQ publishes a report for U.S. stocks, including AMC, twice per month. Supply is dwindling. 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. AMC Entertainment Is Most Expensive Stock For Short Sellers, But What Other Stocks Top The List? 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 sellers will have to make a decision to either stick to their convictions and remain short despite rising share prices. As AMC tests its key 50-day moving average support level, short bets against the company are increasing, according to data from S3 partners. The most recent reporting period available is April, 15 2023. The sectors with the largest decrease in short exposure were Health Care (-$19 billion), Information Technology (-$12 billion) and Consumer Discretionary (-$11 billion). Short Interest and Securities Finance Data - Access the only independent Short Interest and Securities Finance data set available. Shares rose from $2 to more than $20 per share in January and from $9 to more than $72 per share later in June. 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.. With Fed Decision Looming, Economy and Markets Wait Google Stock Concerned About AI? For short side data and access to our research reports go to https://research.s3partners.com/ . Short squeeze has not contributed to AMCs recent rise. A decrease on short sale volume suggests bullish (positive) sentiment. 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. No trader will be forced to exit a position that continues to be profitable. Ron, It matters and it matters even more when shills comment negatively towards AMC, 100% agree. Ihor Dusaniwsky at S3 Partners tracks short interest in stocks in real time, and he posts a number of his charts on Twitter. And before Covid-19 impacted business the companys market cap was about $750 million. Opinions expressed by Forbes Contributors are their own. 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. Its 30-day trading volume average is just above 100 million shares, according to FactSet. Figure 1:This Could Be a Bad Time to Bet Against AMC. On Friday, that value stood at around $11.9 billion, according to data from FactSet. You can also follow Frank Nez onTwitter,Instagram,Facebook, orLinkedInfor daily posts. Id love to know your thoughts leave a comment down below. Graphite is used to build batteries. Is AMC Entertainment's short interest increasing or decreasing? At one point it hit $36.72, which was 204% above last Fridays close. This short interest tracker provides a variety of short interest related data, sourced from a variety of partners. All signspoint to an AMC short squeeze this year. Which institutional investors are shorting AMC Entertainment? 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. With the Russell 3000 down only -0.43% for the quarter, short sellers outperformed the market significantly by being good stock pickers. Image: S3 Partners, LLC. Dusaniwsky added, While a stock can be crowded it might not necessarily be a short squeeze candidate. 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. 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. All quotes delayed a minimum of 15 minutes. 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 . 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. Before Covid-19 hit the economy in 2020 AMC had lost money and had negative free cash flows two of the three previous years. The latest GameStop short interest data from mid-October indicated that 20% of GME's float - 53.88 million shares - was held short. Year to date shorts positions in First Republic are up $971.8 million, according to Dusaniwsky. The stock tested a key support level on Wednesday, as it traded around its 50-day moving average at $37.28. 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. By the end of May, that number had grown to 109.83 million shares. 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. You can now read exclusive FrankNez articles for only $1/mo. 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. However, even when these criteria are met it does not necessarily mean the stock is a short squeeze candidate. 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. 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. 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%. 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. No representation or implication is being made that using the methodology or system will generate profits or ensure freedom from losses. The Health Care sector had a -0.54% decrease in SI % Float to 5.82% as we saw appreciable short covering in the sector. Identify stocks that meet your criteria using seven unique stock screeners. But AMC isn't the only stock costing short sellers an arm and a leg. The number of GameStop shares being shorted was at its peak before retail traders combined to 'short squeeze' the stock, ultimately . 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. 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. Our platform connects, collects, and cleans position data across the total trade life cycle for any portfolio. Plus500. If you become a successful company you destroy a shorts thesis hence no logical reason to continue shorting. Which stocks are the most shorted right now? AMCs short interest per S3 Partners and Ortex data is nearly identical. 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. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN. 590 Madison Avenue, 25th FL S3 Partners is reporting AMC as the #1 stock with highest borrow fees but like Ortex, it also reports the companys short interest. Due to the limited stock borrow availability, SPAC stock loan rates in the Miscellaneous sector continued to be the most expensive sector to short with rates rising +49 bps from 5.21% to 5.70%. Lemonides mentioned that "there's been too much confidence among the shorts that these businesses are completely failed.". Gary Gensler, Ken Griffin: Involved in Audit Quality Scheme? Our daily ratings and market update email newsletter. Here's Why, (Read more from Wall Street Memes: MicroStrategy Stock: A Trial by Fire for Its Bitcoin Strategy). A short squeeze for AMC Entertainment occurs when it has a large amount of short interest and its stock increases in price. 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. Only one sector had a significant increase in short exposure in the 3rd quarter, the Energy sector was up +$4.4 billion. 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. 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. 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. These partnerships do not influence editorial content. 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. They are now transforming AMC into a growth company. Workflow Solutions. Short selling AMC is an investing strategy that aims to generate trading profit from AMC Entertainment as its price is falling. FCF was negative $300 million. 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. A stock borrow fee is a fee charged by a brokerage to short sellers who borrow shares of stock. 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. Introduction. It traded at seven times EBITDApre-pandemic. 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. AMC Entertainment View all of the most shorted stocks. The rising 200-day average is currently near the $14 level, representing potential downside of 60% from current levels. Real-time analyst ratings, insider transactions, earnings data, and more.

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