Tag: AMC Stock News (Page 1 of 87)

New Report: Short Interest Is Much Higher on Most Stocks

For years now retail investors have stated that short interest is much higher on most stocks than is being reported.

I’ve been sharing AMC’s, GME’s, and other ticker’s short interest daily for years now.

But something interesting happened post AMC’s approved proposals, short interest plunged heavily without any signs of shorts closing their positions.

And AMC is not the only retail favorite that has seen a significant drop.

AMC short interest is currently sitting at 11.54%, at least according to the latest Ortex data.

See, the thing is that according to FINRA, positions held overseas at a separate legal entity are not required to report short interest positions.

For this very reason, it means that there are several more short positions worldwide than meets the eye.

This also means that financial institutions may have subsidiaries as legal entities overseas without having to necessarily report their short selling activities.

This loophole is what has led many retail investors to believe that companies targeted by short sellers have fallen victim to possible fraudulent schemes.

Essentially, there are corners in the market that have hidden activity which take advantage of the average investor.

According to Science Direct, a big reason for hiding short positions is that disclosure could make them more costly or difficult to maintain and close.

“Such strategic disclosures can help activist short sellers reduce noise trader risk, making prices converge faster to their fundamental value (Kovbasyuk, Pagano, 2015, Ljungqvist, Qian, 2016, Zhao, 2018).

They also could be used as devices to coordinate predatory short selling and manipulate stock prices (Goldstein, Guembel, 2008, Brunnermeier, Oehmke, 2014).

Are retail favorites being manipulated from accounts overseas? Most would say absolutely given the strange trading activity that persists even today.

But I would love to hear your thoughts — leave a comment down below.

Also Read: New Report: August Saw Whopping $129 Million in AMC FTDs

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Market News Today - New Report: Short Interest Is Much Higher on Most Stocks.
Market News Today – New Report: Short Interest Is Much Higher on Most Stocks.

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New Report: August Saw Whopping $129 Million in AMC FTDs

Market News Today - New Report: August Saw Whopping $129 Million in AMC FTDs.
Market News Today – New Report: August Saw Whopping $129 Million in AMC FTDs.

August saw a record high of $129 million in AMC FTDs according to the latest data by Stocksera.

The $129 million dollar amount in AMC FTDs is equivalent to a total of 50,780,515 FTDs (non-cumulative).

The month finished with more than 130K FTDs, though the $129 million in FTDs was the highest spike seen in August.

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.

AMC FTDs Latest Report.
AMC FTDs Latest Report.

“Sometimes there are fails to deliver, and a fail to deliver is when you don’t have the ability to prove that you borrowed the stock legally before you actually shorted it”, said Yahoo’s Senior Markets and Data Reporter Jared Blikre.

He says a company joining the NYSE Threshold Securities List is a clear indication of manipulation in the market, primarily through ‘naked short selling’, which is something Wes Christian says is a worldwide problem.

AMC Entertainment remained on the NYSE Threshold Securities List for 50 consecutive days before being removed.

Once a ticker has remained on the NYSE Threshold Securities List for 13 consecutive days, the broker-dealer must immediately close out all fail-to-deliver positions by purchasing shares in the open market, a rule that has been violated multiple times this year.

In April, AMC hit all-time highs when FTDs soared between 17 million and 18 million, equaling $85.4 million (non-cumulative).

However, August saw the most AMC FTDs this year so far, a problem retail investors suggest must be looked at.

But what do you think? Are these simply just market mechanics? Or is something fraudulent happening with AMC’s incredibly high number of FTDs? Leave your thoughts in the comment section down below.

Other AMC Entertainment News and Updates

Market News Today - New Report: August Saw Whopping $129 Million in AMC FTDs.
Market News Today – New Report: August Saw Whopping $129 Million in AMC FTDs.

The CEO of AMC Entertainment (NYSE:AMC), Adam Aron, has addressed shareholders in a new message on Twitter.

The company recently announced that it raised $325 million in brand new equity to bolster its liquidity and pay down its debt.

At the end of this week’s trading, AMC Entertainment finished up more than +13% with shares peaking at $8.91 on Thursday.

However, shares fell nearly -7% on Monday.

“You have sent me over 5,000 comments in response to the tweets I wrote just in the past two days.

I try to read them all, or as many as I can. As should be expected, many are positive, many are negative. This may surprise you but I genuinely appreciate receiving all of it, the good but also the bad. Why? Because you own our company.

It is important that I understand what you think –both the favorable and the unfavorable.

At the same time, it is absolutely vital that after distilling all of your feedback, I actually do and action what I think is in the best interests of all of our shareholders,” Adam Aron said on Twitter.

While I am as frustrated as any of you are by the challenges that AMC still faces 42 long months after Covid forced the closure of all of our theatres, that frustration is greatly outweighed by my pride that AMC is still alive and fighting… that AMC is still leading and innovating… and that AMC is eminently stronger with our now greatly increased cash reserves.

How many times have the naysayers and prophets of doom predicted with certainty that AMC would fail? So far, we have proven them wrong. Over and over again. Wrong, wrong, wrong. In my view, AMC has an exciting future ahead, as our industry continues on its long glide path to eventual recovery and as AMC continues to take bold action to be out front.

In the language and customs of the 18th century, a message like this one would be signed “Your humble and obedient servant.”

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Market News Today - New Report: August Saw Whopping $129 Million in AMC FTDs.
Market News Today – New Report: August Saw Whopping $129 Million in AMC FTDs.

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Also, thank you to all of our blog sponsors. This year we’ve been able to increase push notifications slots making it more convenient than ever for new readers to receive their daily market news and updates.

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The CEO of AMC Now Addresses Shareholders in New Message

Market News Today - The CEO of AMC Now Addresses Shareholders in New Message
Market News Today – The CEO of AMC Now Addresses Shareholders in New Message

The CEO of AMC Entertainment (NYSE:AMC), Adam Aron, has addressed shareholders in a new message on Twitter.

The company recently announced that it raised $325 million in brand new equity to bolster its liquidity and pay down its debt.

At the end of this week’s trading, AMC Entertainment finished up more than +13% with shares peaking at $8.91 on Thursday.

“You have sent me over 5,000 comments in response to the tweets I wrote just in the past two days.

I try to read them all, or as many as I can. As should be expected, many are positive, many are negative. This may surprise you but I genuinely appreciate receiving all of it, the good but also the bad. Why? Because you own our company.

It is important that I understand what you think –both the favorable and the unfavorable.

At the same time, it is absolutely vital that after distilling all of your feedback, I actually do and action what I think is in the best interests of all of our shareholders,Adam Aron said on Twitter.

While I am as frustrated as any of you are by the challenges that AMC still faces 42 long months after Covid forced the closure of all of our theatres, that frustration is greatly outweighed by my pride that AMC is still alive and fighting… that AMC is still leading and innovating… and that AMC is eminently stronger with our now greatly increased cash reserves.

How many times have the naysayers and prophets of doom predicted with certainty that AMC would fail? So far, we have proven them wrong. Over and over again. Wrong, wrong, wrong. In my view, AMC has an exciting future ahead, as our industry continues on its long glide path to eventual recovery and as AMC continues to take bold action to be out front.

In the language and customs of the 18th century, a message like this one would be signed “Your humble and obedient servant.”

AMC is Well On The Path to Recovery

Market News Today - The CEO of AMC Now Addresses Shareholders in New Message
Market News Today – The CEO of AMC Now Addresses Shareholders in New Message

AMC Entertainment is well on the path to recovery, but where does that leave investors in terms of the manipulative short selling of the stock?

After all, about 100% of investors were focused on the short selling anomalies happening in AMC stock since 2021.

While AMC’s fundamentals have greatly improved and the company is no longer at risk for bankruptcy, many shareholders have lost majority of their portfolios at the hand of manipulative short selling.

Users on Twitter don’t believe the CEO will touch topic on these actions in the market, even if they believe it should be on top of the list.

Today, AMC Entertainment stock is down more than -72% this year-to-date with the company making the NYSE Threshold Securities List numerous times this year for its incredibly high count of FTDs.

“Sometimes there are fails to deliver, and a fail to deliver is when you don’t have the ability to prove that you borrowed the stock legally before you actually shorted it”, said Yahoo’s Senior Markets and Data Reporter Jared Blikre.

He says a company joining the NYSE Threshold Securities List is a clear indication of manipulation in the market, primarily through ‘naked short selling’, which Wes Christian says is a worldwide problem.

Whether or not the company will pursue an investigation on any form of illicit trading activity, AMC Entertainment is determined to eliminate Wall Street’s short thesis via its fundamentals first.

A B. Riley analyst says AMC Entertainment is now safe after the company’s recent stock sale and has even given the movie theater company a ‘neutral’ rating with a $45 price target.

“We believe these proceeds not only provide an increased near-term liquidity safety net while the lingering Hollywood strikes potentially put the 2024 film slate at risk but also provide an opportunity for the company to reduce the principal balances for the higher interest rate debt scheduled for maturity in 2026 and beyond,” Wold wrote.

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Market News Today - The CEO of AMC Now Addresses Shareholders in New Message
Market News Today – The CEO of AMC Now Addresses Shareholders in New Message

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Analyst Now Says AMC is Safe After Stock Sale

Market News Today - Analyst Now Says AMC is Safe After Stock Sale.
Market News Today – Analyst Now Says AMC is Safe After Stock Sale.

A B. Riley analyst says AMC Entertainment (NYSE:AMC) is now safe after the company’s recent stock sale.

AMC Entertainment was able to raise $325 million in brand new equity according to the company’s latest report.

AMC raised approximately $325.5 million of new equity capital through the sale of 40 million shares, before commissions and fees, at an average price of approximately $8.14 per share.

“The Company intends to use the net proceeds, if any, from the sale of the Common Stock pursuant to the Equity Distribution Agreement to bolster liquidity, to repay, refinance, redeem or repurchase its existing indebtedness (including expenses, accrued interest and premium, if any) and for general corporate purposes,” it said in a filing.

B. Riley analyst Eric Wold has given AMC Entertainment a ‘neutral’ rating with a $45 price target.

He believes that management should continue to use the equity sales to pay off debt amid the uncertainty of the Hollywood strike and what that could mean for the movie industry.

However, when there is a conclusion to the strikes, Wold says the company could use the cash to buy new movie theaters and diversify growth strategies, reports Barrons.

“We believe these proceeds not only provide an increased near-term liquidity safety net while the lingering Hollywood strikes potentially put the 2024 film slate at risk but also provide an opportunity for the company to reduce the principal balances for the higher interest rate debt scheduled for maturity in 2026 and beyond,” Wold wrote.

“The completion of this ATM equity offering significantly boosts AMC’s cash reserves, addresses current liquidity concerns, and fortifies the balance sheet,” the company said in its news release.

Also Read: AMC Shareholders Now Look to CEO For Answers

What’s Happening with AMC Entertainment?

Market News Today - Analyst Now Says AMC is Safe After Stock Sale.
Market News Today – Analyst Now Says AMC is Safe After Stock Sale.

AMC Entertainment has had a major shift fundamentally, the movie theatre chain is improving drastically.

At the time of this publication, AMC is up more than +13 in the past 5-trading days.

The company has held relatively well post reverse stock split — shareholders continue to buy and hold in efforts to trigger a short squeeze.

AMC short interest has now begun to increase again after it had significantly dropped following the company’s approved proposals.

On Tuesday, AMC short interest was reported at 11.52% — however, short interest increased to 16.74% on Wednesday, indicating new short positions.

Short squeeze score also rose from 70 to 73 on Wednesday.

According to Ortex, ‘Short Score’ uses a multi-factor model that incorporates multiple short-related metrics, with a higher score indicating that the stock is heavily-shorted and has other characteristics that increase the possibility of a short squeeze occurring.

Will AMC Entertainment have a chance at squeezing again?

As previously mentioned, that will depend on whether investors are able to conjure up massive buying momentum like they did during the ‘meme stock’ frenzy of 2021.

The short interest is coming back up now, which indicates short sellers are certainly there.

Squeezing them out would require price action to move up, but this would require loads of buying pressure.

Related: AMC Stock: The SEC Has Now Violated Threshold Rule

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Market News Today - Analyst Now Says AMC is Safe After Stock Sale.
Market News Today – Analyst Now Says AMC is Safe After Stock Sale.

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Also, thank you to all of our blog sponsors. This year we’ve been able to increase push notifications slots making it more convenient than ever for new readers to receive their daily market news and updates.

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