Screenshots from TD Ameritrade have come up on Twitter of AMC’s short interest at 40.25%.
Ortex is reporting AMC to have a short interest of 16.99% (2021 Archive).
So where is TD Ameritrade pulling up this information from?
They actually have a response to that.
Welcome to Franknez.com – the ape community has mentioned from time to time that a lot of the data provided by financial institutions is skewed. Here’s an example that happening right now.
“Our news and research is provided by Third Party Vendors”
So, why is this short interest data important?
Retail investors rely on the short interest data to determine how much of a company’s float is being shorted.
The short interest that Ortex is reporting is significantly less than that of TD Ameritrade’s.
TD Ameritrade’s short interest data is more than double that of Ortex.
Short interest data also enables us to see how much ‘squeeze potential‘ there is in a heavily shorted stock.
At least to a certain degree.
So if we have sources reporting masked or hidden short interest data, it’s deceit in many accounts.
Or is this simply a glitch from TD Ameritrade?
The ape community is questioning why ticker symbol AMC is the only stock that has had a significant number of glitches throughout the year.
Or are the real numbers being masked to divert the public from jumping in on this short squeeze play.
Afterall, hedge funds have begun closing, with many losing billions this year.
Read: Anchorage Capital closes after betting against AMC stock
Where is this data coming from?
The data comes from MorningStar but both TD Ameritrade and ETrade experienced this anomaly in their system.
According to TD Ameritrade, this was a glitch in their system.
However, the data would have not been changed unless the retail community pointed it out.
Was this a mistake on their end that retail was not supposed to see?
Or was this legit one of several glitches that has been occurring specifically for AMC Entertainment stock?
I’d love to know your thoughts in the comment section below.
The broker is stating their technology team is working to correct the information but have no ETA as to when the correct data will be restored.
Why so many glitches with AMC stock?
AMC Entertainment has been experiencing several glitches throughout 2021.
They have varied from skewed data such as the short interest, to chart patterns, and even share price.
The ape community has concluded over the months that AMC’s short interest data is significantly higher than what is being displayed.
Lou from the YouTube channel has even concluded that AMC’s share price is being masked and could be in the hundreds to even thousands of dollars per share.
Now, while these are rather extreme claims, it’s not difficult to understand why such claims have been made.
AMC is one of the most overleveraged stocks from hedge funds shorting it.
Millions upon millions of shares have been borrowed to short it all year.
The feds have now begun investigating short selling practices and are tackling hedge funds who pose systemic risk.
As more hedge funds close, and others continue to bleed their customers, retail investors suspect they will do everything in their power to deceive retail from squeezing them from their short positions.
An interesting narrative, but a very likely one just as much.
What other glitches have you seen in AMC stock?
Out of the several glitches that have occurred, what other glitches do you recall seeing in AMC Entertainment stock?
Leave a comment below.
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