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. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. 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. The five largest short-side losers in the 3rd quarter were: TSLA (-$2.63bn), MRNA (-$2.51bn), AMD (-$984mm), SE (-$844mm) and AON (-$838mm). 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 . Upgrade to MarketBeat All Access to add more stocks to your watchlist. Short interest in the domestic market decreased by -$23.9 billion, or -2.23%, to $1.05 trillion in the fourth quarter of . Ihor Dusaniwsky at S3 Partners tracks short interest in stocks in real time, and he posts a number of his charts on Twitter. A new note from S3 Partners highlights why short-selling AMC may not be worth the cost. All signspoint to an AMC short squeeze this year. 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%. AMC has around 18% of its float shares sold short, versus about 5% for an average U.S. stock, according to data from S3 Partners. Some of the factors in it are short sale liquidity, trading liquidity, financing liquidity and mark-to-market profit and losses. 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). All Rights Reserved. Got a confidential news tip? This short interest tracker provides a variety of short interest related data, sourced from a variety of partners. 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. The market is rampant with blatant stealing from retail investors and driving companies down illegally. TV Shows. 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. Access your favorite topics in a personalized feed while you're on the go. 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.". AMC Entertainment (AMC) - Get Free Reportcontinues to be a major target for short-selling activity. Short positions in First Republic Bank now account for 32.5% of its stock available to trade. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. Now the stocks short interest is around the same as it was when shares spiked to its all-time high. Throughout 2022, AMC was one of the preferred stocks to short - and it turned out to be a great investment for short-sellers. Lemonides mentioned that "there's been too much confidence among the shorts that these businesses are completely failed.". Reese also said that bets against AMC's business have been based on retail investor fatigue. 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. The sectors with the largest decrease in short exposure were Health Care (-$19 billion), Information Technology (-$12 billion) and Consumer Discretionary (-$11 billion). 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. 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. 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. Real-time analyst ratings, insider transactions, earnings data, and more. While the interest rate is not cumulative, todays high interest cripples shorts and gives buyers runway for big volume to make a greater impact than it did last year when the fees were extremely low and could suppress shares from rising. Dusaniwsky has developed a Short Squeeze score and ranks AMCs metric a 10 out of 10 for a short squeeze. This is@CEOAdamstrategy and the only strategy that has ever worked in the history of the market! 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. 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. For short side data and access to our research reports go to https://research.s3partners.com/ . Market Wizard Who Accurately Predicted 2022 Market Collapse Has Shocking New Forecast, [BREAKING] New "Living Missile" to Replace Nuclear Missiles, Getting Started With Options Trading Has Never Been So Easy. Investors that short sell a stock are betting . All Rights Reserved. Gary Gensler, Ken Griffin: Involved in Audit Quality Scheme? GameStops valuation also doesnt make sense. For stock market, business news and updates,join the newsletterto receive weekly market news and notifications straight to your inbox. To put this into context, fellow meme stock AMC Entertainment has a short interest . 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. 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. In every recent quarter, the company has shown gradual improvement. Should You Be Too? Despite the company showing signs of recovery from the COVID pandemic, short sellers continue to bet against its stock. 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. CNBC's Yun Li contributed to this 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. We want to hear from you. Short Interest and Securities Finance Data - Access the only independent Short Interest and Securities Finance data set available. 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. Only one sector had a significant increase in short exposure in the 3rd quarter, the Energy sector was up +$4.4 billion. Revenue increased fivefold, and adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) grew 80%, compared to last year. The number of GameStop shares being shorted was at its peak before retail traders combined to 'short squeeze' the stock, ultimately . A short position, no matter how crowded, that continues to be profitable cannot be squeezed. S3 Partners. Franknez.com is the media site that keeps retail investors informed. 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 more than 1,100% jump in AMC's stock since January has defied Wall Street analyst predictions. Supply is dwindling. High stock borrow fees can test the conviction level of short sellers as financing costs can take a large bite out of expected Alpha. All quotes delayed a minimum of 15 minutes. 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. 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. A short interest ratio ranging between 1 and 4 generally indicates strong positive sentiment about a stock and a lack of short sellers. But the company still has a consistent liquidity position of $1.16 billion. 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 the 149% Dividend for ZIM Integrated Shipping in Jeopardy? Get 30 Days of MarketBeat All Access Free, By creating a free account, you agree to our. - Shorts Think So. If you become a successful company you destroy a shorts thesis hence no logical reason to continue shorting. Year to date shorts positions in First Republic are up $971.8 million, according to Dusaniwsky. Learn More on AMC Entertainment's current short interest. AMC's new retail investors, who stand at 3.2 million strong, owned about 80% of the company's 450 million outstanding shares as of March 11, AMC reported earlier this month. How often is AMC Entertainment's short interest reported? Surprisingly, these were three of the four sectors with the largest increase in short interest in the 2nd quarter of this year. 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. Graphite is used to build batteries. INTELLECTUAL PROPERTY NOTICES: PRODUCT AND COMPANY NAMES USED HEREIN, OTHER THAN SHORTSIGHT.COM, MAY BE TRADEMARKS OR REGISTERED TRADEMARKS OF THEIR RESPECTIVE HOLDERS. Lyft Inc's revenue growth is likely to lag bigger rival Uber Technologies Inc for the sixth straight quarter, with Wall Street eagerly looking forward to a turnaround plan from its new CEO David Risher. Short interest in the domestic market decreased by -$46.7 billion, or -3.93%, to $1.14 trillion in the third quarter of 2021. 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%).
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