Tag: AMC Short Squeeze (Page 1 of 58)

Free Live Daily Updates: AMC Short Interest Today + More

AMC Short Interest Today

Free Live Daily Updates: AMC Short Interest Today + 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. MMAT Short Interest

Short Interest: 10.38% | Utilization: 80.12 | Cost To Borrow: 18.93 | Shares On Loan: 37.76 Million | Days To Cover: 7.67

MMAT Short Squeeze Score: 84

(Updated Daily)

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#2. AMC Short Interest Today

Short Interest: 11.18% | Utilization: 59.73 | Cost To Borrow: 3.59 | Shares On Loan: 27.25 Million | Days To Cover: 1.90

AMC Short Squeeze Score: 65

(Updated Daily)

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#3. GME Short Interest

Short Interest: 21.11% | Utilization: 84.45 | Cost To Borrow: 3.56 | Shares On Loan: 74.43 Million | Days To Cover: 25.81

(Updated Daily)

GME Short Squeeze Score: 86

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#4. MULN SI

Short Interest: 20.64% | Utilization: 83.36 | Cost To Borrow: 23.35 | Shares On Loan: 82.54 million | Days To Cover: 1.29

(Updated Daily)

MULN Short Squeeze Score: 78

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#5. LCID SI

Short Interest: 26.57% | Utilization: 95.07 | Cost To Borrow: 7.63 | Shares On Loan: 342.25 Million | Days To Cover: 8.59

(Updated Daily)

LCID Short Squeeze Score: 82

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FrankNez – Daily Market News and stock updates.

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



Will APE Now Trigger an AMC Short Squeeze Soon?

Market News Daily - Will APE Now Trigger an AMC Short Squeeze Soon?
Market News Daily – Will APE Now Trigger an AMC Short Squeeze Soon?

Will APE now trigger an AMC short squeeze soon? The Street says an AMC short squeeze is now more likely to occur due to rising retail demand.

On Wednesday, AMC’s volume skyrocketed to 197 million while APE’s volume followed suit, surging past 134 million.

AMC stock fell more than -23% while APE stock fell nearly -8% intraday despite this massive spike in trading volume.

Another reason the former Jim Cramer-owned media site says an AMC short squeeze is likely is due to the incredibly high cost to borrow.

AMC’s max cost to borrow has reached upwards of 1,006%, per Ortex data.

Similarly, S3 Partners, a financial analytics firm has also reiterated this same thesis.

“Although the threat of significant share dilution is obviously bearish, the upshot on AMC’s share price is still hard to guess.

With borrowing fees closing in on 1000%, any upward trend in AMC’s price could spell disaster for bears.

Given the tremendous short pressure on AMC and the tremendous attention the stock is receiving from retail traders, high volatility and high trading volume are to be expected.

Placing a short bet on AMC may seem perfectly logical given the upcoming APE conversion, but shorts have been burned many times betting against this retail favorite, reports The Street.

Will AMC squeeze after the APE conversion? I’d love to hear your thesis.

Recently two institutions have purchased shares of AMC stock prior to its approved conversion.

Hedge fund CEO Bruce Richards also says he’s ‘super bullish’ on AMC’s new APE conversion.

In the end, whether or not investors manage to trigger a short squeeze, AMC Entertainment will benefit from raising billions in cash.

According to CEO Adam Aron, the only way to eliminate the Wall Street short thesis is by improving the company’s fundamentals.

Also Read: The SEC Approves New Disclosures From Big Hedge Funds

AMC Speaks on Short Sellers Covering Prior to New Conversion

Market News Daily - Will APE Now Trigger an AMC Short Squeeze Soon?
Market News Daily – Will APE Now Trigger an AMC Short Squeeze Soon?

Last week, AMC Entertainment published a statement to shareholders relating to short sellers closing prior to the new APE conversion.

Will short sellers be required to cover their positions before the Reverse Stock Split and Conversion?

According to AMC’s new 8-K filing, AMC expects that the deliveries under stock borrowing arrangements will be adjusted in the regular way to account for the Reverse Stock Split or, in the case of contracts on APEs, the Conversion.

However, AMC states that it “does not determine and is unable to provide interpretive advice on the impact of these events on the contractual terms governing stock borrowing arrangements.”

How will short sellers be affected by the Litigation Settlement Payment?

“AMC does not determine and is unable to provide interpretive advice on the impact of the Litigation Settlement Payment on the contractual terms
governing stock borrowing arrangements.”

AMC’s reverse stock split will go into effect on Thursday, August 24.

The conversion of APE shares into AMC common stock will occur the following day, Friday August 25.

The litigation settlement will then take place on Monday, August 28.

Will there be large failure-to-deliver (“FTDs”) like when the APE was distributed?

AMC Entertainment states that while they cannot predict the trading impact of these corporate events, given the significant transactions that will occur over successive trading days, it is possible there will be large FTDs like when the APE was distributed.

What do you think will occur upon converting? Leave your thoughts below.

[stock_market_widget type=”chart” template=”basic” color=”#5679FF” assets=”AMC” range=”1mo” interval=”1d” axes=”true” cursor=”true” range_selector=”true” display_currency_symbol=”true” api=”yf”]

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Market News Today - Will APE Now Trigger an AMC Short Squeeze Soon?
Market News Today – Will APE Now Trigger an AMC Short Squeeze Soon?

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AMC Is Now Back on The Threshold Securities List

Market News Daily - AMC Is Now Back on The Threshold Securities List.
Market News Daily – AMC Is Now Back on The Threshold Securities List.

AMC Entertainment (NYSE:AMC) is now back on the NYSE Threshold Securites List.

The last time AMC made the list, it stayed on it for an entire month.

This is the third time the security has been listed on the threshold list this year.

In April, The SEC (Securities and Exchange Commission) violated the 13-day threshold rule, which states that a broker-dealer with fail-to-deliver positions for 13 consecutive settlement days must immediately close out the ‘FTD’ position by purchasing shares in the open market.

AMC should have seen big buying pressure but instead plunged after it was removed from the threshold list.

CEO Adam Aron announced that the company has contacted both FINRA and the NYSE to look closely at the trading of their stock.

“Many of you, and we, are aware that AMC Entertainment has been on ‘The Threshold List‘ for 3+ weeks, indicating a number of FTDs.

Some of you may be pleased to learn that we have contacted both FINRA and the NYSE asking that they both look closely at the trading of our stock.”

But investors never received an update after the announcement and the stock is back on the threshold list, alerting investors of high FTDs and continued naked shorting in AMC stock.

Market News Daily - AMC Is Now Back on The Threshold Securities List.
Market News Daily – AMC Is Now Back on The Threshold Securities List.

FTDs, or Failure-to-deliver occurs when one party in a trading contract (whether it’s shares, futures, or options) fails to deliver on their obligations.

These failures derive due to buyers not having enough money to take delivery and pay for the transaction at settlement.

In the case of sellers, it means not having the goods to meet that transaction.

Failure-to-delivers can occur in options trading or when selling short naked, per Investopedia.

Nasdaq Has Reported Unusual Put Option Activity in AMC Stock

Back in April, Nasdaq reported very unusual AMC Entertainment put option activity.

According to the report first picked up by Fintel, a rather strange $781.04K block of Put contracts in AMC Entertainment was bought with a strike price of $11.00/share, expiring on April 21, 2023.

Fintel tracks all large options trades, and the premium spent on this trade was 5.07 sigmas above the mean, placing it in the 100.00 percentile of all recent large trades made in AMC options.

Today we’re seeing big sell walls around $4-$5 per share.

But retail investors have noticed AMC Entertainment stock has experienced unusual put option activity ever since the ‘meme stock’ frenzy in 2021.

The derivatives market has been a back door for institutions to flood AMC stock with put option contracts, in one form suppressing the stock from rising or simply having a greater advantage than average investors.

Still, the unusual put option activity in AMC Entertainment stock shows just how aggressive institutions are fighting to keep shares from rising.

AMC stock is currently up +3% this year-to-date but down more than -71% in the past year.

Related: AMC FTDs Reaches New High Records This Year

Extremely High Cost to Borrow Fees

AMC’s max cost to borrow reached more than 1,000% (1.05k%) in April before deflating.

However, AMC’s cost to borrow is quickly rising, currently being reported at 400%, respectively.

The cost to borrow, per Ortex, is the annualized percent of interest on loans, typically borrowed by brokers and hedge funds.

This percentage figure may change on a daily basis and level out through its ‘cost to borrow average’.

According to the Securities Lending Agreement (SLA), this fee must be charged prior to the stock being borrowed.

Short sellers rely on brokers to have stock shares available to borrow. 

AMC Entertainment is in high demand, both for short sellers and long investors.

AMC’s short interest has also risen in the past week; currently at 24%, updated daily here.

Hedge funds continue to bet against the movie theatre chain company although AMC Entertainment is no longer a screaming short.

High box office numbers today are indicating big growth for AMC Entertainment.

Analyst Names AMC Amongst Most “Squeezable” Stocks

S3 analyst says AMC Entertainment and GameStop (NYSE:GME) stock have the highest squeeze potential in the market.

“As the broader stock market has been on a tear for about a month, things are looking grim for investors with big short positions in stocks like AMC Entertainment Holdings Inc. and GameStop.”

But retail investors point out that the constant manipulation in these stocks is keeping shares from rising exponentially.

And they’re right — naked shorting, dark pool trading, off exchange trading, spoofing, and short and distort have all played a role in suppressing AMC and GameStop shares.

We’re now seeing AMC back on the NYSE Threshold Securities List for a big reason.

Yahoo Finance says the reason why stock tickers make it on the NYSE Threshold Securities List is due to market manipulation through naked shorting.

Mainstream media and Wall Street personalities have managed to brush aside this very big issue in the market but it’s no longer a secret that counterfeit shares are used to provide ‘liquidity’ in the market.

The incredible thing is that ‘meme stocks’ aren’t the only stocks in the market experiencing naked shorting or price manipulation from short sellers.

This is a very big problem; how long will the SEC and other regulatory bodies continue to ignore it?

Read: “The Game is Rigged” Says Ex-Citadel Data Scientist

Market News Published Daily

Market News Today - AMC Is Now Back on The Threshold Securities List.
Market News Today – AMC Is Now Back on The Threshold Securities List.

For 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 site that keeps retail investors informed.

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


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