amc short interest s3 partners

A new note from S3 Partners highlights why short-selling AMC may not be worth the cost. The Consumer Discretionary (primarily auto) and HealthCare (Biotech) sectors have the most constituents in the top 25 most squeezable stocks. 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. Dusaniwsky wrote, We have seen AMC short covering this week, but by no means are we seeing a wholesale short squeeze in this stock at the moment. Why the stock could round trip: Valuation. 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. The Consumer Discretionary (primarily auto) and HealthCare (Biotech) sectors have the most constituents in the top 25 most squeezable stocks. This is on a company whose market cap was $248 million at the beginning of the year and is now $11.8 billion. Ron, It matters and it matters even more when shills comment negatively towards AMC, 100% agree. Is AMC Entertainment's short interest increasing or decreasing? AMC shares are trading down $0.09 today. Data is a real-time snapshot *Data is delayed at least 15 minutes. 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. AMCs 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. Joe, you nailed it. Other stocks with a 10 out of 10 score are Bed, Bath & Beyond The author may be long one or more stocks mentioned in this report. An additional variable, which is necessary for a short squeeze to occur, are substantial net-of-financing mark-to-market losses., He continued, A short position, no matter how crowded, that continues to be profitable cannot be squeezed. Thanks for supporting Wall Street Memes). The data reveals that GameStop's short interest currently stands at $1.76 billion after it dropped by $880 million in just two weeks following the short sellers' recovery . The Health Care sector had a -0.54% decrease in SI % Float to 5.82% as we saw appreciable short covering in the sector. In 2021, AMC shares rose more than 3,000% when it peaked at its all-time high of $72 per share. Despite the company showing signs of recovery from the COVID pandemic, short sellers continue to bet against its stock. S3 Partners LLC. (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%). S3 Partners, which calculates real-time short interest in the market, expects the squeeze to continue. 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. This has allowed AMC's management to go beyond simply recovering its business. S3 Analytics: 3rd Quarter Short Interest by Sector Recap. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. I could not have put it better myself. The "King Of Quants" sees 10X potential Cybersecurity Firm Raises $5M in Five Days. contact@marketbeat.com 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. No representation or implication is being made that using the methodology or system will generate profits or ensure freedom from losses. 2023 S3 Partners, LLC. All rights reserved. We want to hear from you. 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. Throughout 2022, AMC was one of the preferred stocks to short - and it turned out to be a great investment for short-sellers. Grupo Televisa, S.A.B. Changes in short volume can be used to identify positive and negative investor sentiment. But according to Charles Lemonides, portfolio manager at ValueWorks, there is likely to be a pause in the aggressive short-selling of meme stocks. Dusaniwsky has developed a Short Squeeze score and ranks AMCs metric a 10 out of 10 for a short squeeze. As Aron said, it is not enough for AMC to return to pre-pandemic levels to prove a successful business. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. June 3rd, 2021, 12:17 PM PDT. Some of the factors in it are short sale liquidity, trading liquidity, financing liquidity and mark-to-market profit and losses. 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. How does a short squeeze work against AMC Entertainment? S3 Partners founder Robert Sloan examines the short-selling activity surrounding AMC and the top short-squeeze risks. These positions are disclosed in Form 13F filings with the Securities and Exchange Commission. GameStop may be able to shake up its business enough to recover at least some of downturn but it wont happen overnight. Redditors saw AMCs high short interest data could drive short sellers to close their positions by buying the stock as a collective. AMC stock highest borrow fee S3 Partners - Franknez.com. 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. 326 E 8th St #105, Sioux Falls, SD 57103 Our Standards: The Thomson Reuters Trust Principles. Over the past week, short bets increased 6% to 5 million shares, worth nearly $200 million. Last quarter alone, revenue grew 8.5 times over the same period of the previous year. But there were several sectors with some movement. He wrote, A security is considered crowded on the short side if some or all of the following occur:. 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). S3 data reports AMCs borrow fee at 142.57% but Ortex is reporting 213.95%. 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. #AMC#AMCSqueeze.. All quotes delayed a minimum of 15 minutes. MicroStrategy Stock: A Trial by Fire for Its Bitcoin Strategy. This breakthrough stock has bright future this decade. In the top section of the chart below is the stocks Relative Strength Index or RSI. This website uses cookies to improve your experience. With the Russell 3000 down only -0.43% for the quarter, short sellers outperformed the market significantly by being good stock pickers. 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. There were 6,195 shorted equities with negative P\L, producing -$49.4 billion in losses, -9.8%. AMC shares have risen nearly 60% this year-to-date. Learn More. - Shorts Think So. 1,359 likes, 60 comments - Stock Sharks (@stocksharks) on Instagram: "Passionate day traders glued to their Reddit message boards have found their new favorite . 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. On the last day of 2019, AMC had a market value of $751.87 million. On Friday, that value stood at around $11.9 billion, according to data from FactSet. It wasnt until yesterday, May 27, that it had broken those records. Having a high Squeeze Score does not guarantee that a stock will be squeezed but it does highlight stocks that a have a much higher squeeze potential than most other stocks in the market. The data, which comes courtesy of S3 Partners, LLC, reveals that during midday trading on Friday, year to date losses of AMC short sellers stood at $3.74 billion. AMC's business has been under extreme duress. While a substantially large . 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. 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. Clovis Oncology, currently the most expensive stock to short, boasts a 109% borrow fee according to data from S3 Partners, a financial analytics firm. Before Covid-19 hit the economy in 2020 AMC had lost money and had negative free cash . Researcher and operations manager at DM Martins Research. 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. 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 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). Recap using Fridays stock price of $248.36: Dusaniwskys chart on GameStop is available via his tweet. At time of publication, AMC was trading below the key support level at $35.27. 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. . 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. 2023 CNBC LLC. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. 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 most recent reporting period available is April, 15 2023. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. Our platform connects, collects, and cleans position data across the total trade life cycle for any portfolio. To make matters worse, AMC short sellers have also gotten burned by the stock's 33.2% year-to-date gain. Should You Be Too? 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. Introduction. A decrease on short sale volume suggests bullish (positive) sentiment. See what's happening in the market right now with MarketBeat's real-time news feed. 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. 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. 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). That's an uptick from 49.53 million in mid-September. To short a stock, an investor borrows shares, sells them and buys the shares back on the public market later to return it to the lender. Ihor Dusaniwsky, S3 Partners Head of Predictive Analytics, discusses AMC stock sale and short interest. If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender. At one point it hit $36.72, which was 204% above last Fridays close. However, NASDAQ publishes a report for U.S. stocks, including AMC, twice per month. 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). A short position, no matter how crowded, that continues to be profitable cannot be squeezed. 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%). 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. Identify stocks that meet your criteria using seven unique stock screeners. AMC's business fundamentals are at their best levels since the pandemic, but short sellers continue to bet against the stock. 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. Investors that short sell a stock are betting . AMCs short borrow fee rate has skyrocketed in the past months but is now reaching record highs. Research Note written by Ihor Dusaniwsky, Managing Director of Predictive Analytics, S3 Partners, LLC, For deeper insight into short side data and analysis contact me at Ihor.Dusaniwsky@S3Partners.com. 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. 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. 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 . No trader will be forced to exit a position that continues to be profitable. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN. 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. 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. Duolingo Speaking Volumes: Forms Bullish Chart Ahead of Earnings, Skip Charts & View Short Interest History. "FRC shorts are up +$320.3 million in mark-to-market profits on todays -33.9% price move," he wrote. Best Debt Consolidation Loans for Bad Credit, Personal Loans for 580 Credit Score or Lower, Personal Loans for 670 Credit Score or Lower. Export data to Excel for your own analysis. The retail investors' agenda has been to keep AMC alive and to "stick it" to the hedge funds, one analyst told CNBC. The stock tested a key support level on Wednesday, as it traded around its 50-day moving average at $37.28. 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 . 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. Leave your thoughts below! With the huge spike in AMCs shares they are definitely in overbought territory. Franknez.com is the media site that keeps retail investors informed. In every recent quarter, the company has shown gradual improvement. While a stock can be crowded it might not necessarily be a short squeeze candidate. but BLNK short sellers were still up +35% in the 3rd quarter even after paying away -13% is stock borrow financing costs. How high the stock will jump to is unknown. Short Interest Data. Before Covid-19 hit the economy in 2020 AMC had lost money and had negative free cash flows two of the three previous years. 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. Over the past week, short bets increased 6% to 5 . By downloading any information from s3partners.com your information may be shared with our educational partners or affiliates. 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. 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. In the last quarter alone, AMC's revenues reached 65% of pre-pandemic levels. No trader will be forced to exit a position that continues to be profitable. 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. 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. 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. In fact, AMC reported the best first quarter in the last two years. 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 billion, came from mark-to-market depreciation of the shorted securities. AMC Entertainment (NYSE:AMC) has become the #1 stock with the highest borrow fees according to S3 Partners. 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. Probably the best metric is market cap to revenue. In-depth profiles and analysis for 20,000 public companies. 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. Short positions in First Republic Bank now account for 32.5% of its stock available to trade. At the end of April, 100.63 million shares were being shorted. 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. Market wide Short Interest as a % of Float declined moderately in the 3rd quarter, decreasing -28 bps from 5.33% to 5.05%. 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. 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. When calculating the companys valuation metrics these results use fiscal 2018s $8.3 billion in revenue so as to be as generous as possible. Shares of First Republic plunged 43% to a record low a day after the bank released first-quarter earnings, reporting that deposits tanked by more than $100 billion. Sign up for our newsletter to get the inside scoop on what traders are talking about delivered daily to your inbox. The company has about 20% of its outstanding shares sold short, compared with an average of 5% short interest in a typical U.S. stock, S3 Partners said. He continued, A short position, no matter how crowded, that continues to be profitable cannot be squeezed. It's now trading at 25 timesEBITDA right now and it's in aworse position today with thechanged industry. 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. S3 Partners. The more than 1,100% jump in AMC's stock since January has defied Wall Street analyst predictions. Please add MMTLP to your list, and GTII, and GNS. This just defies all logic.". Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. - AMC Enter Hldgs (NYSE:AMC) 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. Ihor Dusaniwsky, managing director of Predictive Analytics at S3, in an email exchange with Reuters said First Republic's plunge has moved short sellers in its stock into a profit for April. On Twitter, Adam Aron responded directly to a user regarding AMCs short thesis. The market is rampant with blatant stealing from retail investors and driving companies down illegally. 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. AMC was the most active stock on the New York Stock Exchange by far on Friday as more than 650 million shares changed hands. AMC Entertainment Is Most Expensive Stock For Short Sellers, But What Other Stocks Top The List? Get daily stock ideas from top-performing Wall Street analysts. The latest GameStop short interest data from mid-October indicated that 20% of GME's float - 53.88 million shares - was held short. Short sellers are betting that a stock will decline in price. Dusaniwsky has developed a Short Squeeze score and ranks AMC s and GameStops metric a 10 out of 10 for a short squeeze. AMC Entertainment has enough short sellers to create big buying pressure in a buy back when closing short positions. The stocks in our top 25 list all have elevated S3 SI % Float and days-to-cover.
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