Other stocks with a 10 out of 10 score are Bed, Bath & Beyond "They will never generate cashwith their current capitalstructure. The more than 1,100% jump in AMC's stock since January has defied Wall Street analyst predictions. 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. 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%). But it's getting close to reaching pre-pandemic levels. S3 Partners, which calculates real-time short interest in the market, expects the squeeze to continue. AMC Entertainment Is Most Expensive Stock For Short Sellers, But What At time of publication, AMC was trading below the key support level at $35.27. The stock tested a key support level on Wednesday, as it traded around its 50-day moving average at $37.28. 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. CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. At the end of April, 100.63 million shares were being shorted. 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 shares have risen nearly 60% this year-to-date. Ron, It matters and it matters even more when shills comment negatively towards AMC, 100% agree. 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. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. AMC stock jumps nearly 15% as retail-fueled rally stretches to - CNBC 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. TV Shows. 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. According to CEO Adam Aron, the future of AMC's cash management will consist of supporting its core business operations, repaying high-interest loans, and also investing in growth initiatives. Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Sign up to receive the latest short interest report for AMC Entertainment and its competitors with MarketBeat's FREE newsletter. AMCs short borrow fee rate has skyrocketed in the past months but is now reaching record highs. Reese also said that bets against AMC's business have been based on retail investor fatigue. AMC has not yet fully recovered from the effects of the pandemic. 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. In the top section of the chart below is the stocks Relative Strength Index or RSI. S3 Partners Home Dusaniwsky has developed a Short Squeeze score and ranks AMCs metric a 10 out of 10 for a short squeeze. Short interest in the domestic market decreased by -$46.7 billion, or -3.93%, to $1.14 trillion in the third quarter of 2021. Export data to Excel for your own analysis. It's now trading at 25 timesEBITDA right now and it's in aworse position today with thechanged industry. You seem like a nice guy Ihor, but let's not pretend ANYONE's short interest data is even remotely accurate. 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. . On the last day of 2019, AMC had a market value of $751.87 million. Your use of any information or observations contained herein is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness of such information or observations. It traded at seven times EBITDApre-pandemic. Data is a real-time snapshot *Data is delayed at least 15 minutes. 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 . 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). Graphite is used to build batteries. 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). 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. 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. AMC was the most active stock on the New York Stock Exchange by far on Friday as more than 650 million shares changed hands. 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. AMC Short Sellers Recover $1 Billion In Little Over A Week - Wccftech Short interest in GameStop as a percentage of the company's float declined to 12.3% in August, according to MarketBeat, drastically lower than a high level of 141% in January, according to S3 Partners. There were 6,195 shorted equities with negative P\L, producing -$49.4 billion in losses, -9.8%. 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. S3's Sloan Sees AMC as Top Short-Squeeze Risk - Bloomberg The shares closed at $26.12 per share Friday, up from $13.68 on Monday. Co-producer of The Street's financial channels: Apple Maven, Amazon Maven and Wall Street Memes. Learn More. 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. These partnerships do not influence editorial content. A Division of NBCUniversal. 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. A short position, no matter how crowded, that continues to be profitable cannot be squeezed. 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. The latest AMC short interest data from Morningstar indicates an increase in shorted shares. Data from S3 partners reveal the AMC's shorted shares have dropped massively this month. With 450 million shares outstanding, the entire company changed hands nearly 1.5 times during Friday's trading. Should You Be Too? S3 data reports AMCs borrow fee at 142.57% but Ortex is reporting 213.95%. Now the stocks short interest is around the same as it was when shares spiked to its all-time high. At some point in time reality should catch up what can easily be called an overvalued stock. Our platform connects, collects, and cleans position data across the total trade life cycle for any portfolio. Before you get any more clout - let's just be transparent here and acknowledge S3 is owned by Citadel. 1,359 likes, 60 comments - Stock Sharks (@stocksharks) on Instagram: "Passionate day traders glued to their Reddit message boards have found their new favorite . Changes in short volume can be used to identify positive and negative investor sentiment. You have already added five stocks to your watchlist. Introduction. Get 30 Days of MarketBeat All Access Free, By creating a free account, you agree to our. 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). Which stocks are the most shorted right now? A short interest ratio ranging between 1 and 4 generally indicates strong positive sentiment about a stock and a lack of short sellers. AMC short sellers dealt massive $1.2 billion blow after stock rally - CNBC This website uses cookies to improve your experience. 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. We'll assume you're ok with this, but you can opt-out if you wish. The so-called short covering could be contributing to AMC's massive rally this week. Franknez.com is the media site that keeps retail investors informed. If AMC manages to decisively hold the 50-day moving average as support, then a rise back to its June peak of about $70 could be in order. Figure 1:This Could Be a Bad Time to Bet Against AMC. With the huge spike in AMCs shares they are definitely in overbought territory. AMC Entertainment (NYSE:AMC) has become the #1 stock with the highest borrow fees according to S3 Partners. AMC Entertainment Is Most Expensive Stock For Short Sellers, But What Other Stocks Top The List? 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. 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. Short interest in the domestic market decreased by -$46.7 billion, or -3.93%, to $1.14 trillion in the third quarter of 2021. 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. When calculating the companys valuation metrics these results use fiscal 2018s $8.3 billion in revenue so as to be as generous as possible. 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. Down 66%, Is Beyond Meat Stock Finally a Buy? Some of the factors in it are short sale liquidity, trading liquidity, financing liquidity and mark-to-market profit and losses. As far as the company's balance sheet is concerned, free cash flow (FCF) suffered in the first quarter. Redditors saw AMCs high short interest data could drive short sellers to close their positions by buying the stock as a collective. Last quarter alone, revenue grew 8.5 times over the same period of the previous year. It wasnt until yesterday, May 27, that it had broken those records. Its 30-day trading volume average is just above 100 million shares, according to FactSet. AMCs short interest came down to 14% after the surge but began to rise again all throughout 2022. Not surprisingly, AMC was the most expensive stock to short in the first quarter, costing short sellers $225 million in stock borrow fees. The retail investors' agenda has been to keep AMC alive and to "stick it" to the hedge funds, one analyst told CNBC. See here for a complete list of exchanges and delays. Short sellers raise bets against GameStop and AMC to highest level in a NEW YORK, April 25 (Reuters) - Short interest in shares of beleaguered First Republic Bank (FRC.N) 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 skidded on Tuesday, data from S3 Partners showed. contact@marketbeat.com This short interest tracker provides a variety of short interest related data, sourced from a variety of partners. Learn More on AMC Entertainment's current short interest. By downloading any information from s3partners.com your information may be shared with our educational partners or affiliates. The company's management considers itself "balance sheet" managers, and they intend to seek out businesses in various segments that are financially fragile and replicate their expertise for a gain for both parties. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. He speaks with Bloomberg's Matt Miller on "Bloomberg Markets." (Source: Bloomberg) Identify stocks that meet your criteria using seven unique stock screeners. 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 . 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. AMC Surprisingly, these were three of the four sectors with the largest increase in short interest in the 2nd quarter of this year. Ihor Dusaniwsky, S3 Partners Head of Predictive Analytics, discusses AMC stock sale and short interest. American Consumer News, LLC dba MarketBeat 2010-2023. For stock market, business news and updates,join the newsletterto receive weekly market news and notifications straight to your inbox. S3 looked at stocks with at least $100 million in short interest and ranked them by their stock borrow fees . Despite the company showing signs of recovery from the COVID pandemic, short sellers continue to bet against its stock. While a substantially large . But according to Charles Lemonides, portfolio manager at ValueWorks, there is likely to be a pause in the aggressive short-selling of meme stocks. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. They are now transforming AMC into a growth company. 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). Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. For AMC, the picture for the short-seller is far bleaker than the one for GameStop. "FRC shorts are up +$320.3 million in mark-to-market profits on todays -33.9% price move," he wrote. The Consumer Discretionary (primarily auto) and HealthCare (Biotech) sectors have the most constituents in the top 25 most squeezable stocks. GameStop Short Sellers Flee As Short Interest Drops By $880 - Wccftech Short sellers will have to make a decision to either stick to their convictions and remain short despite rising share prices. Short interest is typically published by a stock exchange once per month. 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. Short squeeze has not contributed to AMCs recent rise. In fact, AMC reported the best first quarter in the last two years. The sectors with the largest decrease in short exposure were Health Care (-$19 billion), Information Technology (-$12 billion) and Consumer Discretionary (-$11 billion). Having a high Squeeze Score does not guarantee that a stock will be squeezed but it does highlight stocks that a have a much higher squeeze potential than most other stocks in the market. For short side data and access to our research reports go to https://research.s3partners.com/ . THE USE BY SHORTSIGHT.COM OF ANY TRADEMARKED MATERIAL, INCLUDING ANY LOGOS OR COMPANY NAMES, DOES NOT IMPLY ANY AFFILIATION BY SHORTSIGHT.COM WITH THEIR RESPECTIVE HOLDERS OR ENDORSEMENT BY THEIR RESPECTIVE HOLDERS OF ANY INFORMATION OR OPINIONS PRESENTED ON SHORTSIGHT.COM. GameStops valuation also doesnt make sense. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. Ihor Dusaniwsky on Twitter: "$AMC short interest is $2.36BN 90.52M 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. Related Link: Are Hedge Fund Short Sellers Hunting And Targeting Specific Bank Stocks? Changes in short volume can be used to identify positive and negative investor sentiment. View which stocks are hot on social media with MarketBeat's trending stocks report. 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. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. In fact, the short interest in many of these speculative names has gone up in recent weeks, according to data firm S3 Partners. Our Blacklight SaaS platform and Black App provides an up-to-date view of short selling and short covering on an equity, sector, index, or country-wide basis allowing investors\traders to better manage their existing long and short positions. The user said, Shorts attack companies they feel they can destroy. 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. Is Beyond Meat (BYND) Stock Outpacing Its Consumer Staples Peers This Year? FCF was negative $300 million. FAANG stocks were up an average of +27.3% in 2021 but Amazon.com Inc (AMZN) underperformed the group significantly with only . Workflow Solutions. 326 E 8th St #105, Sioux Falls, SD 57103 S3 Partners. S3 looked at stocks with at least $100 million in short interest and ranked them by their stock borrow fees. 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. 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. Get daily stock ideas from top-performing Wall Street analysts. How does AMC Entertainment's short interest compare to its competitors? 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. Got a confidential news tip? 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. #AMC#AMCSqueeze.. Short Interest Data. Access your favorite topics in a personalized feed while you're on the go. 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. Exclusive news, data and analytics for financial market professionals, Reporting by Herbert Lash in New York 13 Stocks That Rank As Most Expensive to Short, Data Show - Markets Insider Get short term trading ideas from the MarketBeat Idea Engine. Also, the article may contain affiliate links. Joe, you nailed it. 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. On Twitter, Adam Aron responded directly to a user regarding AMCs short thesis. - AMC Enter Hldgs (NYSE:AMC) June 3rd, 2021, 12:17 PM PDT. GameStop may be able to shake up its business enough to recover at least some of downturn but it wont happen overnight. Read More . (844) 978-6257. Thanks to this combination of improving fundamentals and growth efforts, AMC is slowly changing. I could not have put it better myself. Here are the top 13 stocks with the highest . No trader will be forced to exit a position that continues to be profitable. Short sellers have now lost grip as the cost to short the stock has dramatically increased. 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.. BBBY The recovery of AMC's business fundamentals has been aided by cash raised through share appreciation by retail investors. However, even when these criteria are met it does not necessarily mean the stock is a short squeeze candidate. Id love to know your thoughts leave a comment down below. Revenue increased fivefold, and adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) grew 80%, compared to last year. Market wide Short Interest as a % of Float declined moderately in the 3rd quarter, decreasing -28 bps from 5.33% to 5.05%. Learn More on AMC Entertainment's short interest ratio. S3 Partners founder Robert Sloan examines the short-selling activity surrounding AMC and the top short-squeeze risks. While the movie theater business is rebounding, AMC is still facing strong headwinds. 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 forced buying tends to fuel the rally even further. Street performers in Minnie Mouse costumes pass in front of an AMC movie theater at night in the Times Square neighborhood of New York, Oct. 15, 2020. AMC shares are trading down $0.09 today. Short interest stands . 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. 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. Thank you for all your help. Investors shorting the meme stock AMC Entertainment are estimated to have lost $1.23 billion over the last week. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. I cover technology companies, worldwide economies and the stock market, A customer gets a bucket of popcorn before seeing, a movie at AMC Town Square. Let's find out why that's a bad idea. This just defies all logic.". To make matters worse, AMC short sellers have also gotten burned by the stock's 33.2% year-to-date gain. 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. 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 . Plus500. 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. We want to hear from you. This is@CEOAdamstrategy and the only strategy that has ever worked in the history of the market! There was also +$8.8 billion of additional short selling in the quarter as short sellers increased their bets on potential market underperformers. 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. The industry leader for online information for tax, accounting and finance professionals.