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
What has investing in the stock market taught you?
Market News Daily – Analyst says AMC and GME Have Highest Squeeze Potential.
S3 analyst says AMC Entertainment (NYSE:AMC) 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.”
AMC’s and GME’s short interest data is what ignited the massive rallies in 2021.
Today, both AMC and GME have a high short interest of 26.69% (AMC) and 20.73% (GME).
AMC’s short interest was only 25% when it surged to its all-time high of $72 per share in June of 2021.
Short interest dropped to 14% as short sellers closed positions only to pick right back up throughout 2022 and 2023.
Both AMC and GameStop shares have been suppressed from rising through heavy dark pool trading and suspiciously through naked short selling, evident in high FTDs (fails-to-deliver).
AMC Entertainment, the largest movie theatre chain in the world, continues to innovate and creatively raise cash with a mission to erase its debt accumulated during the pandemic.
Hedge Funds Face Big Risks
Ihor Dusaniwsky, head of predictive analytics at financial technology and analytics firm S3 Partners, compiled a list of those most vulnerable stocks, headed by such names as AMC (AMC), GameStop Inc. (GME), Coinbase Global Inc. (COIN) and CarMax Inc. (KMX).
“One factor that is also killing profits for short sellers is the borrowing costs on stocks that no one is willing to part with, and the stock that figures highest on that list is AMC.”
AMC’s cost to borrow recently skyrocketed to more than 1,000% with its cost to borrow average currently being reported at 928%.
“Short sellers want to short the stock, but they are not able to get a stock borrow locate and therefore cannot execute their short on the street,” Dusaniwsky told MarketWatch in an interview.
“But, when any stock borrows become available — lenders, brokers know they can charge inflated fees as there is huge demand for the name.”
“In this case there is an AMC–[preferred stock] APE arbitrage trade that will be profitable if the conversion occurs soon because the high financing costs are eating into those expected profits every day, including weekends,” Dusaniwsky said.
But the S3 analyst isn’t the only one stating there is big squeeze potential in AMC and GameStop.
Strategist Says Mother of All Short Squeezes is Here
Market News Today – Analyst: AMC and GME Have Highest Squeeze Potential.
Interactive Brokers Chief Strategist Steve Sosnick says there’s big demand to short AMC Entertainment stock.
He says the biggest reason aside from the company’s fundamentals is its new merge with its equity (NYSE:APE).
“It’s very hard to keep the momentum in these things because economic reality does take hold.
Bed Bath & Beyond, at one point was the best performing stock on the board until reality set in and they began defaulting, averted bankruptcy, but using a deal that is so dilutive that it’s unavoidable.”
Sosnick says AMC is in a very special situation because of the proposal to merge APE with AMC common shares.
“Right now we’re seeing such a demand to short AMC partly because of its difficulties but partly because of the special situation.
The borrow rate, it costs you 700% to borrow the shares overnight — if you can find them,” said the Interactive Brokers Chief Strategist on Yahoo Finance.
Market News Published Daily
Market News Today – Analyst: AMC and GME Have Highest Squeeze Potential.
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The performance of so called ‘meme stocks’ will be updated every week below. The latest news will also be available for your reading pleasure.
Optin for push notifications or join the newsletter to receive a weekly reminder straight to your inbox.
Here’s how meme stocks performed for the week of: 2/27-3/3
Here’s how meme stocks performed this week: GameStop (GME).
#1. GameStop
GameStop Corp. (NYSE:GME) closed: up -4.79% this past trading week.
The latest press release details the retailer’s earnings for the third quarter of fiscal year 2022.
During that period, GameStop reported net sales of $1.186 billion, down from $1.297 billion a year ago.
Gross profit tallied in at $291.6 million, while selling, general and administrative expenses were $387.9 million.
That led to a net loss of $94.7 million compared to a net loss of $105.4 million the previous year.
According to an amended Schedule 13G filing, Vanguard owns a total of 24.66 million shares of GME as of Dec. 30, equivalent to an 8.1% ownership stake.
As of Q3, the firm owned 24.16 million shares, meaning it purchased about a half a million shares during Q4.
Here’s how meme stocks performed this week: AMC Entertainment (AMC).
#2. AMC Entertainment
AMC Entertainment Holdings, Inc. (NYSE:AMC) closed the week: up +4.28% this past trading week.
In recent news, AMC and its board members, including CEO Adam Aron, are getting sued by a pension fund.
The latest lawsuit comes from the issuance of AMC’s preferred equity, APE.
The shareholder vote to either convert APE equity back into common AMC shares or go through a reverse stock split has been delayed — though Adam Aron has not made an official statement yet.
Here’s how meme stocks performed this week: Bed Bath & Beyond (BBBY).
#4. Bed Bath & Beyond
Shares of Bed Bath & Beyond (NASDAQ:BBBY) were: down -5.04% in the past trading week.
On social media, shareholders of the so called ‘meme stock’ continue to buy the stock despite talks of bankruptcy.
The company edged closer to a bankruptcy filing in late January after the retailer said it had received a default notice from JPMorgan Chase & Co., its loan agent, and warned it didn’t have enough funds to make payments.
Creditors are demanding immediate repayment of the company’s debt after it breached the terms of a credit line, according to a regulatory filing Thursday, per Bloomberg.
“Generally, in situations like this where a company defaults on their loan agreement our experience is, if they don’t come to an agreement with their lenders, the likelihood of a bankruptcy filing within the next 30 days is relatively high,” said Dennis Cantalupo, chief executive officer of Pulse Ratings, a credit-rating and consulting firm.
BBBY stock is up +1.73% this year-to-date.
#5. Hycroft Mining Holding Corporation
Shares of Hycroft Mining (NASDAQ:HYMC): rose +0.86% in the past week.
The mining company’s stock is down more than -28% this year-to-date.
Shares rose to $0.57 from a previous low of $0.44.
AMC CEO Adam Aron made the exciting announcement on Twitter stating, “so far ALL 20 of the newly drilled bores contained gold/silver, and 14 of the 20 showed higher grades than previously known to Hycroft.
AMC acquired a 22% stake in the silver and gold mining company in 2022 when they received 23.4 million warrants in Hycroft at $1.07 per share.
The stock at the time surged to $1.70 after trading at $0.60 earlier that same year.
More updates coming soon
This page will get updated every week with news, performance, and updates.
Readers are receiving updates like this from various stocks and news daily via push notifications or from the newsletter.
Are you holding any of these ‘meme stocks’?
Leave your thoughts on this week’s performance or ideas on how to make this page better down in the comment section.
Franknez.com is the media blog that keeps retail investors informed.
Market News: Steve Cohen’s Point72 Buys 606,000 shares of $GME stock.
(Business Insider) Steve Cohen’s Point72 supersized its bet on Elon Musk’s Tesla last quarter and made an unexpected wager on GameStop (NYSE:GME) stock.
The billionaire investor’s hedge fund purchased nearly 878,000 Tesla shares, worth $108 million as of December 31.
It also held bullish call options on another 60,500 shares of the automaker at the year’s end, a Securities and Exchange Commission filing revealed earlier this week.
Cohen and his team scooped up 606,000 shares of the video-game retailer, a stake worth $11 million as of December 31.
In 2021, the New York Mets owner deactivated his Twitter account after receiving several threats from users during the ‘meme stock’ rally.
“I’ve really enjoyed the back and forth with Mets fans on Twitter which was unfortunately overtaken this week by misinformation unrelated to the Mets that led to our family getting personal threats,” Cohen said in a statement.
Cohen’s hedge fund, which managed nearly $19 billion in assets at the time, lost nearly 15% after retail investors caused shares of videogame retailer GameStop to surge in 2021.
The losses at Point72 are mainly due to the company’s investment in hedge fund Melvin Capital, which bet against GameStop and had to receive nearly $3 billion in emergency cash from two outside investors, one of which was Point72.
Today, GameStop shareholders are looking to recreate the events that occurred in 2021 when stocks soared to all-time highs.
One creative way ‘apes’ are fighting Wall Street in 2023 is by registering their shares via a Direct Registration System, or DRS.
The company says at least 30% of its shareholders have registered their shares with the Direct Registration System (DRS) which equates to approximately 71.3 million shares.
