Category: Momentum Trading (Page 1 of 22)

Free Live Daily Updates: AMC Short Interest Today + more

AMC Short Interest Today
Momentum Stocks: AMC Short Interest Information – Plus more.

Community, I’m going to be updating this list of momentum stock and their short interest and utilization daily (AMC short interest, BBIG, MULN, BIOR, GME, APE, and many others).

Be sure to bookmark this page for daily AMC short interest updates and more.

Other metrics being updated daily will include the cost to borrow, shares on loan, + short squeeze scores.

If there are other heavily shorted stocks you’d like me to update daily, please leave a comment below and I’ll be sure to look into them before adding them to the list!

– Frank Nez

Franknez.com

#1. BBIG Short Interest

Short Interest: 15.59% | Utilization: 100.00 | Cost To Borrow: 11.91 | Shares On Loan: 47.00 Million | Days To Cover: 6.75

BBIG Short Squeeze Score: 81

(Updated Daily)


#2. MMAT Short Interest

Short Interest: 11.27% | Utilization: 100.00 | Cost To Borrow: 21.28 | Shares On Loan: 30.21 Million | Days To Cover: 2.71

MMAT Short Squeeze Score: 76

(Updated Daily)

mmat stock news today
Click the image to read the latest MMAT stock news article.

#3. BIOR (PROG Stock) Short Interest Today

Short Interest: 43.63% | Utilization: 100.00 | Cost To Borrow: 265.53 | Shares On Loan: 1.38 Million | Days To Cover: 0.62

BIOR Short Squeeze Score: N/A

(Updated Daily)

BIOR Stock news
Click the image to read the latest BIOR news article.

#4. AMC Short Interest Today

Short Interest: 22.99% | Utilization: 100.00 | Cost To Borrow: 217.56 | Shares On Loan: 185.14 Million | Days To Cover: 6.30

AMC Short Squeeze Score: 91 as of (1/30)

(Updated Daily)

AMC News today
Click the image to read the latest AMC news article.

#5. GME Short Interest

Short Interest: 21.49% | Utilization: 100.00 | Cost To Borrow: 21.89 | Shares On Loan: 93.05 Million | Days To Cover: 17.85

(Updated Daily)

GME Short Squeeze Score: 94

GameStop stock news
Click the image to read the latest GameStop news article.

#6. ATER SI

Short Interest: 14.18% | Utilization: 57.85 | Cost To Borrow: 8.22 | Shares On Loan: 7.30 Million

ATER Short Squeeze Score: N/A

(Updated Daily)

#7. MULN SI

Short Interest: 13.84% | Utilization: 100.00 | Cost To Borrow: 17.45 | Shares On Loan: 301.95 Million | Days To Cover: 1.39

(Updated Daily)

MULN Short Squeeze Score: 75

muln stock news
Click the image to read the latest MULN stock news aritlce.

#8. LCID SI

Short Interest: 25.35% | Utilization: 100.00 | Cost To Borrow: 39.63 | Shares On Loan: 243.37 Million | Days To Cover: 7.57

(Updated Daily)

LCID Short Squeeze Score: 91

#9. APE Short Interest

Short Interest: 6.72% | Utilization: 92.21 | Cost To Borrow: 8.02 | Shares On Loan: 37.66 Million | Days To Cover: 1.30

(Updated Daily)

APE Short Squeeze Score: N/A

Daily Market News

FrankNez - Daily Market News and stock updates.
FrankNez – Daily Market News and stock updates.

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Related: This is What’s Stopping AMC From Squeezing Today


APE Shares Are Up More Than +94% Year-To-Date

AMC’s Preferred Equity (NYSE:APE) shares soared more than +21% on Monday.

Investors are puzzled by the opposite for AMC Entertainment (NYSE:AMC) shares.

AMC stock fell nearly -10% on Monday despite the company’s positive path to debt elimination.

APE is currently up more than +94% this year-to-date.

Shares began to rise ever since the announcement of APE converting back to common shares of AMC stock.

At the same time, a proposal for a 1-for-10 reverse stock split for AMC shares had surfaced.

But shareholders continue to accumulate shares of AMC’s Preferred Equity despite a strong possibility of a conversion.

APE’s trading volume surged to more than 60 million on Monday, up more than 32 million from its daily average.

Will APE Shares Keep Rising?

APE shares are in an uptrend.

If APE is able to break the $2.43 level, we can expect shares to continue rising and retest $2.65, then $2.80 and eventually $3 per share.

APE Share Price Today - Franknez.com.
APE Share Price Today – Franknez.com.

However, if buyers slow down and sellers begin to take over, we may see rejection at $2.43 and share prices may come back down to $2.17 or lower.

APE’s chart is showing strong bullish sentiment and the possibility of shares continuing to rise is far stronger than the latter.

But I’m curious to know what you think.

Have you been buying APE stock recently?

Leave a comment down below.

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AMC’s Cost to Borrow Has Hedge Funds Burning Money

AMC Cost to borrow
Market News: AMC’s cost to borrow increases

AMC’s cost to borrow continues to rise.

In the past, we’ve seen how important this data has been regarding major price runup.

Not only does a high cost to borrow incentivize short sellers to close their positions, but it gets AMC one step closer to a squeezing.

In this article I’m going to break down the number figures and explain why the CTB and other data is pointing AMC in the right direction.

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Cost To Borrow explained

The cost to borrow is the average annualized percent (%) of interest on loans hedge funds have to pay.

For example:

AMC has approximately 184.67 million shares on loan as of the publication of this article.

Hedge funds are paying 213% annually on these loans.

This translates to $393.34 million per year, or $32.77 million per month.

In the meantime, it’s costing retail investors $0 to hold their positions in AMC stock.

Hedge funds will continue to pay more as AMC’s cost to borrow rises.

Free Live Daily Updates: AMC Short Interest + more

Short interest

AMC short interest

AMC’s current short interest is: 22.96%.

This is the percent of a company’s free float that is shorted.

AMC is a short squeeze play because of this number figure.

This number figures tells retail investors that there is a high interest in shorting the company stock.

It’s this data that allowed retail investors to foresee big price moves in January and in June of 2021.

This same data tells investors today that AMC has the potential to hit another all-time high.

Some of you might be familiar with the correlations between short interest and rise to $72 per share last year.

AMC’s short interest dropped from 22% to 20%, then to 14% when it ultimately skyrocketed in price from $14 per share to $72 per share.

Despite what mainstream media has said in the past, no, AMC’s short interest is not too low to squeeze shorts from their positions.

Related: 93% of AMC Shareholders Say They’re Holding This Year

Will AMC’s cost to borrow force shorts to close?

AMC short squeeze
AMC cost to borrow – AMC short squeeze

Hedge funds may be incentivized to close their short positions in AMC stock as the cost to borrow increases. At some point, it’s not worth paying that high of a fee to continue shorting a company that has fundamentally improved.

AMC is no longer the same endangered company it once was during the pandemic.

The company has improved every quarter since 2021 and has managed to get rid of most of its debt.

The world’s largest movie theatre continues to innovate and adapt to the changing world.

While online streaming threatened the industry, revenue from box office hits has proved people are still going to the movie theatres, despite the convenience of watching movies at home.

Short sellers are betting against a recovering and innovating film industry generating billions in revenue now.

As AMC continues to prove itself fundamentally and the cost to borrow rises, expect short sellers to begin closing their short positions.

Here is where patient investors will see massive returns.

Related: Netflix’s Showing in Theatres Could Have Made $200 Million!

Do you own AMC stock?

Are you an AMC shareholder or are thinking about buying AMC stock?

Leave a comment below.

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Will AMC Stock Squeeze This Year? [Short Interest Data]

Will AMC Squeeze in 2022?
AMC Short Squeeze – AMC Entertainment 2023 – AMC Stock Price – AMC Stock Squeeze

Will AMC squeeze This Year?

The Fool thinks you should sell your stock, but retail investors aren’t budging.

Mainstream media who serve hedge funds in a conflict of interest have been egging retail investors to not buy the stock all of 2021.

If you listened to The Fool who told you not to buy AMC when its share price was low, then you would have missed out on a trade that went as high as 3000% in gains!

While the runup to $72 per share might have caused AMC’s short interest to drop to 14% from 20%, AMC’s short interest has now gone up to 22%.

Ladies and gentlemen, AMC stock has plenty of room for growth in 2023.

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Welcome to Franknez.com – the blog that provides retail investors market news with integrity. Today we’re discussing AMC’s short interest data to determine whether it will squeeze in 2023.

Let’s dive right into it!

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Mainstream media wants retail to lose

It’s no secret the financial platforms who have been attacking AMC stock are tied together.

Wall Street Journal’s parent company is News Corp., who also owns Barrons, MarketWatch, and DOW Jones Newswire.

Well, there’s a relationship between Citadel Securities’ CEO Ken Griffin and News Corp (he owns stock).

This creates conflict of interest because of the influence these people in power have who are shorting AMC stock.

Citadel Securities is one of the top 10 financial institutions shorting AMC stock.

So, let’s look at the data that shows whether or not AMC will squeeze in 2023.

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Also Read: AMC’s Rising Borrow Fee Rate Spells Trouble for Short Sellers

AMC Short Interest Data (2023)

AMC Short Interest Data 2022

AMC’s short interest is currently at 22.10%.

The short interest tells us the percentage of a stocks float that is being shorted (shares have been borrowed and not yet closed).

Because AMC is heavily shorted at 22%, this is a short squeeze play in 2023.

A 22% short interest is equivalent to approximately 179.25 million shares on loan (shares that have been borrowed and have not yet been closed).

When AMC’s short interest dropped from 22% to 14% (6 points), the share price rose to $72 per share.

New short positions have brought AMC’s short interest up to 22% again meaning there are many shorts that have yet to be squeezed from their positions.

AMC’s short interest for 2023 is updated here daily for free, via Ortex.

Subscribe for more content and updates.

Whether AMC’s stock price is up or down, the short interest tells us a large portion of AMC’s float continues to be shorted.

The short interest is the main recipe for a short squeeze.

Related: Are Institutions Preparing to Close Short Positions in AMC?

Will AMC Squeeze in 2023?

will AMC squeeze in 2022
Will AMC stock squeeze in 2023? Game over short sellers | AMC Stock 2023 – AMC Stock Price

AMC has a high enough short interest to squeeze shorts from their positions in 2023.

Sitting at 22% short interest, it’s more than enough to get the price up well into the high hundreds of dollars per share.

Whether regulators will investigate naked shares, FTDs, and other forms of counterfeit shares for hedge funds to cover is another topic.

AMC will need momentum if it’s to see another massive runup in share price.

Furthermore, hedge funds will lead their customers into losses for the second year in a row if retail investors continue to buy and hold the stock in 2023.

AMC Entertainment stock has plenty of room for growth and mainstream media doesn’t want you to know it.

Related: How Big Could an AMC Short Squeeze Potential Surge?

Who is AMC stock for?

Popcorn

AMC stock is for the retail investors who are willing to take a little risk to multiply their investment through a short squeeze play.

A short squeeze play is a long commitment with incredible upside.

If you’re lucky enough to get involved in the ape community you’ll find yourself fighting for a fair and transparent market, where your voice means everything.

Reasons why AMC wont squeeze in 2023..

I’ve always been transparent with the community.

There are many of you who got in when I first began publishing the data early last year and are sitting on unrealized gains today.

And although AMC could have squeezed during various occasions last year, there are still things that can hinder AMC from squeezing this year.

Here’s a list of things that will refrain AMC from squeezing shorts from their positions:

  1. Retail investors start selling AMC stock
  2. Retail investors stop buying AMC stock
  3. New buyers aren’t introduced to the stock or short interest data
  4. Number of day-traders increase
  5. Regulators don’t enforce margin calls / protect retail from market manipulation

The AMC community has not had a problem holding or buying the stock.

One of the biggest problems the community faces today is regulators not protecting retail investors against the predatorial strategies from hedge funds.

The community has always been a beacon for change.

Apes will need to voice market concerns to elevate awareness.

Related: These Two Signs Will Tell You a Short Squeeze is Over

Latest Market Regulation/Proposals

Market regulation 2022 SEC

AMC stock had multiple chances to squeeze in 2021, however, hedge funds always found a loophole that would prevent them from reporting information, or trading stock in the lit exchange.

Market manipulation continues to be a threat to every retail investor in the market.

AMC Entertainment was on the brink of extinction, it was about to go bankrupt.

Hedge funds took this opportunity to overleverage their short positions in the stock, betting it would close forever.

Once retail investors got in and saved the company, the community uncovered a number of market manipulation tactics that allowed hedge funds to prevent the stock’s share price from soaring.

The fight for a fair market continues in 2023.

For the ape community, this is more than just a short squeeze play.

It’s about freedom.

Read: 10 myths about the AMC apes the media has wrong

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BREAKING: Executive Order 14032 Could Be a Big Deal for AMC Stock

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AMC Stock is Up +40% This Year: What it Means for Shorts

Daily Market News: AMC stock news, updates + more.
Daily Market News: AMC stock news, updates + more.

AMC Entertainment (NYSE:AMC) stock is up more than +40% this year-to-date.

New developments this year may send share prices rising throughout 2023.

Streaming giants have figured out that the theatrical experience is key to their long-term success.

AMC Entertainment CEO Adam Aron praised Disney for scheduling Stephen King’s ‘The Boogeyman’ to be released theatrically on June 2nd, 2023.

The film was originally planned to be released on the streaming service Hulu.

“Theatres beat streamers! We salute producer 21Laps and our friends at Disney for this decision. The Boogeyman, a Stephen King adaption, was made for Hulu. But it tested so well, Disney is releasing it theatrically instead. Thank you Bob Iger, Alan Bergman, Justin, Tony, and Ken,” said Adam Aron on Twitter.

On the other end, CNBC says Netflix left $200 million on the table for not leaving Daniel Craig’s ‘Glass Onion: A Knives Out Mystery’ in theatres longer.

So, what does this say about the Wall Street short thesis that movie theatres are dead?

Here’s the latest AMC Entertainment stock market news.

Online Streaming Might Not Be What Wall Street Hoped For

AMC online streaming news - Netflix falls short.
AMC online streaming news – Netflix falls short.

In October, AMC announced its first ever Netflix showing in 200 theatres.

Glass Onion: A Knives Out Mystery starring Daniel Craig was released in the U.S. as well as the UK, Ireland, Italy, Germany, and Spain.

CEO Adam Aron stated on Twitter that success here could lead to more Netflix (NASDAQ:NFLX) movies at AMC.

The film earned $15 million at the box office but CNBC says the showing could have made $200 million if it had been kept in theatres longer.

The sequel to Johnson’s popular “Knives Out” opened in nearly 700 theaters, the largest release of any Netflix original film to date, 200 of which were AMC Entertainment theatres.

Unfortunately for the online streaming platform, hundreds of millions of dollars were left on the table.

Box office analysts say Glass Onion could have earned much higher earnings if Netflix had opted for a traditional wide release of 2,000 to 4,000 theaters.

What Are Experts Saying?

CNBC stated, “Netflix has backtracked on its previous policies, including by introducing an ad-supported subscription option, leading many to wonder whether the company should rethink its resistance to the traditional Hollywood movie release model as it looks for new ways to grow revenue.

Related: AMC’s Cost to Borrow Has Hedge Funds Burning $20 Million Per Month

What Does This Mean for Short Sellers?

Daily Market News by FrankNez - Will AMC go up again?
Daily Market News by FrankNez – Will AMC go up again?

For short sellers betting against the movie theatre company, it could mean severe losses if share prices were to skyrocket again.

AMC Entertainment stock is still heavily shorted, currently weighing in at 21.92% short interest (updated daily).

All it takes is for a few short sellers to begin closing their positions for other short sellers to follow suit.

This chain reaction could trigger an AMC short squeeze in 2023.

Amazon insiders told Bloomberg the retail giant plans to invest billions in the movie theatre industry, aiming to release 12-15 movies annually for theatrical release.

That number of releases puts Amazon on par with major studios such as Paramount Pictures.

CNBC stated that ‘while a $1 billion annual investment for film development is on the lower end of what major Hollywood studios spend each year, it’s a positive sign for the movie theater business.”

Related: Will AMC Stock Keep Rising this Week? (Updates)

Market News Published Daily

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FrankNez News Today – Stock Market News, Business News + more.

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You can also follow me on TwitterInstagramFacebook, or LinkedIn for daily posts.


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What is Going on with AMC’s Preferred Equity (APE)?

what is happening with APE stock?
Market News Today: What is happening with APE stock?

AMC’s Preferred Equity (NYSE:APE) is up +50% this year-to-date after coming down more than -70% in the past year.

Talks have surfaced about a possible conversion of APE shares back to AMC Entertainment (NYSE:AMC) common stock.

APE served as a liquidity tool to supply the movie theatre chain with the capital necessary to pay down its debt and raise cash for the business.

In October 2022, AMC reduced its debt load by $106 million and has extended its maturities until the year 2027.

The company capitalized on APE to cut some debt off the top before taking on new debt due in five years from now.

AMC has replaced $506 million due in 2023 with $400 million of new debt due in 2027.

The updated balance sheet is going to ensure the movie theatre chain company is able to grow while it slowly pays off its debt.

AMC Entertainment has reported positive earnings reports since 2021 when shareholders rescued the company from bankruptcy.

Today, it’s about maintaining that momentum to ensure the short thesis eventually changes.

Will APE Shares Go Up?

APE Stock Price Today - Yahoo Finance.
APE Stock Price Today – Yahoo Finance.

AMC’s Preferred Equity (APE) is up 50% this year-to-date.

The equity saw massive buying volume in the beginning of the new year which led to a great head start this year.

This type of buying pressure will continue to drive APE shares up in the future, that is unless majority of shareholders decide not to convert the equity into common shares of AMC stock.

Today, APE is trading around $1.80 and is up +2% in the past five trading days.

The equity had been named one of the most heavily shorted stock by Yahoo Finance in December of 2022, but the short interest has dropped to 5.40% (updated daily).

While there are still short sellers betting against the equity, AMC Entertainment has warned both retail investors of possible and significant losses due to volatility and the possibility of a short squeeze.

Are you holding shares of AMC’s Preferred Equity (APE)?

Leave your thoughts in the comment section of the blog below.

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FrankNez News Today – Market News, Business News, + more.

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MULN Stock Price Is Predicted to Soar +7,000% This Year

MULN Stock Price is Predicted to Soar +7,000%
Stocks to Watch: MULN stock prediction & News | How high can MULN stock go?

Experts are predicting Mullen Automotive’s (MULN) stock price to soar more than +7,000% by the end of the year.

The company recently had a series of successes leading to the new year.

And analysts are saying MULN stock is a big buy today.

Let’s dive deeper into what experts are telling us as well as what the retail community is saying.

If you’re new to the blog, welcome.

I publish market news and updates for the retail community so that they may navigate the stock market with ease.

If you find this article helpful or valuable in any way, shape, or form, be sure to share it with your community.

Here’s the latest MULN stock news.

What Are Experts Saying About MULN Stock for 2023?

In a recent case study, we see that analysts are predicting MULN stock to surge more than +7,000% by the end of the year.

This means experts are predicting MULN’s share price to rise to approximately $23 per share from $0.32 per share.

MULN Stock Price Forecast.
MULN Price Prediction | MULN Stock Price Forecast – source.

The forecast is ambitious without a doubt, but the company shows great signs of scalable growth both in the near- and long-term future.

Mullen Automotive recently partnered with Loop Global to deploy EV charging solutions, including a public DC fast charging network and residential offerings.

The company is also preparing for 3 commercial product launches in 2023 after signing with their first U.S dealer partner, RMA Group.

In early December, the company also announced Former General Motors Government Sales Leader Ronald Dixon will be leading Mullen’s EV charge for U.S government fleet sales.

Mullen Automotive is expected to grow substantially in 2023.

Investors Remain Bullish on MULN Stocktwits Forum

Retail investors on the MULN Stocktwits forum and other social media platforms are preparing to collect massive gains as technicals align with upcoming bullish momentum.

The stock closed at $0.33 on Wednesday (1/11) after surging +4.35% from its previous trading day.

Mullen Automotive had a market capitalization of $437.7 million at the end of December 2022 but has increased its market cap to $524.9 million in only the second trading day of 2023.

If the company’s market cap continues to grow this rapidly then retail investors will begin to see exponential growth in their investment.

Call options in MULN stock have also overwhelmingly taken over the number of put options contracts.

MULN Stock Call Options
MULN Stock Call Options – MULN Stocktwits Forum – Franknez.com.

On Wednesday there were a total of 59.91K call options versus 1.85K put options.

Significantly more investors are betting on MULN shares to rise than they’re betting on the stock to decline.

But that’s not all, the market sentiment only gets stronger for bulls going long on Mullen Automotive.

Financial institutions have also begun to bulk up on their long positions.

Let’s take a look at a few names you might be familiar with.

Related: Is MULN Stock Price All-Time High on Its Way?

Which Financial Institutions Are Buying MULN Stock?

Two of the biggest financial institutions that have recently bulked up on MULN stock have been Vanguard and BlackRock.

Best of all, out of 173 financial institutions investing in Mullen Automotive, only 1 is short with 172 being long, per Fintel.

In December alone, 18 financial institutions purchased shares of Mullen Automotive.

MULN stock institutional buyers | Who is buying MULN stock?
MULN stock institutional buyers | Who is buying MULN stock?

Other major institutional buyers include Fidelity, the Russel 2000 index, Nationwide Mutal Funds, Schwab, Morningstar, and Blackstone.

Similarly, we saw financial institutions beginning to go long on AMC Entertainment stock in 2021 before it shot up more than +3,000%.

Although the company stock was still being shorted, the massive buying pressure from both retail investors and institutions was powerful enough to drive shares sky high.

Are you holding shares of Mullen Automotive?

MULN stock prediction, news, updates, + more on Franknez.com.

Share your thoughts below.

Have you been a longtime shareholder, or have you recently come across this stock ticker?

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What is Happening with MULN Stock Right Now?

Stock Market News: What's happening with MULN stock?
Stock Market News: What’s happening with MULN stock? Will MULN shares keep rising?

Mullen Automotive (NASDAQ:MULN) stock shares rose +2.27% on Monday after a turbulent past few days last week.

The automotive stock surged to $0.44 before in January before retesting $0.28 and closing at $0.30 the start of the new week.

Retail investors have been buying the stock after analysts gave MULN stock a price target of $24.15.

The current analyst consensus is a strong buy, but shares fell after Mullen Automotive submitted its Form 10-K on Friday the 13th, revealing a number of risk factors.

Will Mullen Automotive stock recover?

Here’s what’s happening with MULN stock right now.

MULN Call Options Continue to Dominate Put Options

Even as MULN shares make gains and slide in January, we see that MULN call options continue to dominate the number of put options in the market.

On Monday, there were 96.41K calls total and 1.64K puts total.

This demonstrates there are more bullish investors than there are bearish investors.

What's happening with MULN stock? MULN stock Webull - Market News.
What’s happening with MULN stock? MULN stock Webull – Market News.

Many institutions are going long on Mullen Automotive stock.

Out of 173 financial institutions investing in Mullen Automotive, only 1 is short with 172 being long, per Fintel.

Still, the company is a target for short seller, per Ortex figures (updated daily).

Shareholders even suggest naked shorting is fueling lower share prices and preventing shares from rising based on retail and institutional demand.

Fintel is also reporting a large percentage of MULN trades going to dark pools.

Approximately 46.16% of MULN trading is happening outside the lit exchange which equates to roughly 85.8 million shares per day.

Dark pool trading as unfortunate as it is, is a tool institutions have been using to gain an advantage over retail investors.

However, massive buying pressure in the end has always proven to play in retail’s favor.

Related: Expert Says a MULN Short Squeeze is Highly Probable

Market News Published Daily

MULN stock news, Market News, BusinessNews by Frank Nez.
MULN stock news, Market News, BusinessNews by Frank Nez.

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GameStop Says 30% of Shareholders Have Registered Their Shares

Market News: At least 30% of GameStop shareholders have registered their shares.
Market News: At least 30% of GameStop shareholders have registered their shares.

GameStop says at least 30% of its shareholders have registered their shares with the Direct Registration System (DRS).

According to the filing, approximately 30% of GME’s float is registered equating, to 71.3 million shares.

The efforts from retail investors come as a means to prevent manipulative short seller attacks.

GME stock is trading at $21.66 on Monday with trading volume surpassing the company’s average volume of 5.1 million.

Shares of GameStop (NYSE:GME) are up +26% this year-to-date, a great start to the new year.

On Monday, GameStop shares have risen more than 11% intraday where shares rose to nearly $22.50.

GME’s short interest is currently sitting at 23.55% with approximately 95 million shares out on loan.

This means that despite DRS, the game retailer continues to be heavily shorted.

GameStop Ownership Structure

How much of GameStop’s float is owned by retail investors?

Nearly 70% of the float is owned by individual shareholders according to Vickers Stock Research.

GameStop Ownership Structure - Franknez.com.
GameStop Ownership Structure – Franknez.com.

This means nearly 40% of retail investors have not registered their GameStop shares through DRS.

Yet it’s very possible the percentage of GameStop shareholders who have registered their shares has grown in the past months.

GameStop’s Chair Ryan Cohen himself owns more than 12% of GME shares.

These are held through Ryan’s holding company RC Ventures, which Vickers considers to be Institutional ownership (12% on graph).

Is DRS working out for GameStop shareholders?

It very well could be, considering GME shares are up nearly +26% this year despite having a high short interest rate.

AMC Entertainment (NYSE:AMC) stock on the other hand is up +44% this year despite DRS being significantly less popular within shareholders.

The movie theatre stock is also heavily shorted at 21.96%.

And according to AMC’s CEO, roughly 90% of shareholders own the float.

Where is GameStop headed in 2023?

GameStop 2023
30% of GameStop Shareholders have registered their shares according to GameStop.

GME stock has the potential to have a big year in 2023.

GameStop continues to be a popular company amongst retail investors, primarily due to the massive community of shareholders who are looking to squeeze short sellers again.

During the spark of the ‘meme stock’ frenzy, GameStop shares rose to $483 per share, a superior all-time high.

But shareholders are not convinced the stock is done running.

2023 opens up new possibilities for GameStop as e-commerce, NFTs, and Web 3.0 gaming continues to grow.

While the company may benefit from arming itself with more short-term capital, GameStop enters the new year with positive cash flow, an incredible start for the company as many continue to struggle.

Also Read: Occupy the SEC 2023 is Here: What’s Happening?

Market News Published Daily

Market News, Business News, Updates + more by Frank Nez.
Market News, Business News, Updates + more by Frank Nez.

For more stock market, business news and updates, join the newsletter to receive weekly market news and notifications straight to your inbox.

Franknez.com is the media blog that keeps retail investors informed.

You can also follow me on TwitterInstagramFacebook, or LinkedIn for daily posts.


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BIOR Short Interest Rises to More Than 243%

BIOR stock news
FrankNez News: BIOR short interest rises | BIOR stock news today.

Biora Therapeutics (NASDAQ:BIOR) short interest has risen to more than 243%.

More than double the company’s float is being shorted by big financial institutions.

BIOR stock is up more than +71% this year-to-date but surged as much as +182% during the first trading week of January.

Formerly known as ‘Progenity’ (PROG), Biora Therapeutics stock is currently trading at $4.12.

The company may be heavily shorted, but there’s big opportunity for retail investors if the company’s clinical trials go well.

And so far, the company seems to be on track.

A big announcement such as the approval of their therapeutics program could trigger short sellers to run for the hills, initiating a short squeeze in Biora Therapeutics.

Will BIOR stock go up to its hundreds of dollars per share IPO levels again?

Here’s the latest BIOR stock news.

BIOR Stock News Today

BIORA Therapeutics
BIOR Stock Short Interest + news today.

Biora Therapeutics is on track to move into clinic with its lead targeted therapeutics program.

For Biora’s Targeted Therapeutics Platform, which is focused on treatment of ulcerative colitis (UC), the company remains on track for an IND filing for its PGN-600 program followed by clinical trial initiation.

During Q4 2022, Biora continued its engagement with the FDA with a pre-IND supplemental Type C filing requesting agency feedback on its proposed PGN-600 clinical development plans, including the company’s proposed approach to toxicity studies and other aspects of its clinical plan.

“The recent Type C response from the FDA further strengthens our confidence in our plans to enter the clinic during the first half of 2023 with IND filing followed by trial initiation in Q2, and data readouts anticipated in Q3,” said Adi Mohanty, Chief Executive Officer of Biora Therapeutics.

For Biora’s Systemic Therapeutics program, the company has been transitioning from early concept to a clinical-ready device.

With several of the key device upgrades implemented, the company expects to report data from preclinical studies on its next-generation device during Q1 and Q2 of 2023.

If clinical trials prove to be a success, Biora Therapeutics’ platform will be approved for use.

Source(s): Yahoo Finance

Will BIOR Stock Go to $100 Per Share?

BIOR Stock Price Today - BIOR Short Interest news and updates.
BIOR Stock Price Today – BIOR Short Interest news and updates.

Analysts are giving BIOR stock a high stock price prediction of $100 in the next 12-months, that’s a +2,045% gain.

Price targets for BIOR look rather promising, at least according to the experts.

CNN is showing the biotech company has a medium stock forecast of $82.50 (+1,670%) and a low of $65 (+1,294%).

So, is BIOR stock a buy?

Based on expert price targets for 2023, Biora Therapeutics stock could prove to be a ‘buy’ for value long term investors.

You can also keep an eye on Biora Therapeutic’s short interest updated daily here.

Read the latest Market News

For more stock market, business news and updates, join the newsletter to receive weekly market news and notifications straight to your inbox.

Franknez.com is the media blog that keeps retail investors informed.

You can also follow me on TwitterInstagramFacebook, or LinkedIn for daily posts.


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