Tag: GME Stock (Page 1 of 18)

GameStop Short Sellers Now Down A Whopping $1 Billion

GameStop short sellers are now down a whopping $1 billion in May according to new data from S3 Partners analysts.

Shares of the gaming company soared more than 66% on Monday, hitting nearly $37 from a previous close of $17.39.

GME stock is currently up more than 183% in the past month alone.

Media speculates GameStop shares rose due to the return of iconic investor, Keith Gill, AKA Roaring Kitty.

Shares of AMC Entertainment stock also rose by more than 50% on Monday, hitting $4.44 from its previous close of $2.95.

The movie theatre stock is currently up 79% in the past month alone.

According to financial analytics firm, S3 Partners, GameStop short sellers have accumulated approximately $1 billion in paper losses.

“GameStop shorts are down in estimated $1 billion in May paper losses with todays +50% pop in early trading,” said Matthew Unterman on X.

“@S3Partners multi-factor squeeze risk score has been registering a max of 100 every day since May 3rd.”

S3’s Squeeze Score overlays the significant components for a squeeze, higher financing costs and unrealized losses, to their Crowded Score to identify shorted stocks with higher short-side volatility and identifies stocks that have the necessary conditions to be “squeezed”.

Squeeze Scores of 70-100 identify squeezable stocks, and scores over 90 have a significantly higher risk of a squeeze and the potential for the resulting buy-to-covers to pushing stock prices even higher, according to the companies website.

With Roaring Kitty back, does this mean meme stocks are about to blow up again based on hype and momentum again?

I’d love to hear your thoughts on this. Leave a comment down below.

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Also Read: South Korea Now Finds Banks Pursued Illegal Shorting Scheme

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Market News Today - GameStop Short Sellers Now Down A Whopping $1 Billion.
Market News Today – GameStop Short Sellers Now Down A Whopping $1 Billion.

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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

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#1. MMAT Short Interest

Short Interest: 10.73% | Utilization: 90.77 | Cost To Borrow: 17.05 | Shares On Loan: 39.24 Million | Days To Cover: 9.03

MMAT Short Squeeze Score: 84

(Updated Daily)

Market News Today - Senator Inquiries Now Grow on The MMTLP Scandal

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#2. AMC Short Interest Today

Short Interest: 7.80% | Utilization: 47.70 | Cost To Borrow: 1.79 | Shares On Loan: 22.26 Million | Days To Cover: 1.22

AMC Short Squeeze Score: 57

(Updated Daily)

Market News Today - AMC CEO Now Identified As Extortion Bid Victim

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#3. GME Short Interest

Short Interest: 20.52% | Utilization: 85.30 | Cost To Borrow: 2.96 | Shares On Loan: 72.73 Million | Days To Cover: 24.36

(Updated Daily)

GME Short Squeeze Score: 86

Click the image to read the latest GameStop news article.

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#4. MULN SI

Short Interest: 19.70% | Utilization: 88.31 | Cost To Borrow: 15.55 | Shares On Loan: 73.37 million | Days To Cover: 1.35

(Updated Daily)

MULN Short Squeeze Score: 75

MULN Stock News
Click the image to read the latest MULN stock news aritlce.

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#5. LCID SI

Short Interest: 25.37% | Utilization: 96.03 | Cost To Borrow: 10.99 | Shares On Loan: 355.08 Million | Days To Cover: 10.86

(Updated Daily)

LCID Short Squeeze Score: 86

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



Analyst: AMC and GME Have Highest Squeeze Potential

Market News Daily - Analyst say AMC and GME Have Highest Squeeze Potential.
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).

Two years later and GameStop is finally a profitable company.

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.

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

Strategist Says Mother of All Short Squeezes is Here

Market News Today - Analyst: AMC and GME Have Highest Squeeze Potential.
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.

This really is what they were looking for in some ways as the mother of all short squeezes.

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 - Is Amazon buying AMC Entertainment?
Market News Today – Analyst: AMC and GME Have Highest Squeeze Potential.

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Here’s How Meme Stocks Performed This Week

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).
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 filingVanguard 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).
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.

The company stock is now making higher highs and higher lows in 2023.

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.

Read: AMC Failure-to-Delivers Are Skyrocketing Through the Roof

#3. APE

AMC Preferred Equity (NYSE:APE) closed this week: down -17.65%.

The equity has risen more than +90% this year after surging from $0.35 to more than $3 per share earlier this year.

44% of shareholders say they hold more APE over AMC stock.

The company is also proposing converting APE shares back into common AMC stock through a shareholder vote.

If approved, AMC’s share price will rise and the equity will be delisted.

APE has been able to provide the company with hundreds of millions of dollars in liquidity to pay down debt.

Will APE squeeze prior to the merge (if approved)?

Leave your thoughts below.

Related: AMC CFO Sean Goodman Cashes in $230K of APE

Here's how meme stocks performed this week: Bed Bath & Beyond (BBBY).
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.

Here's how meme stocks performed this week

#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.

In December, the company’s share price jumped 25% after announcements it had discovered more silver and gold deposits than anticipated.

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

market news - meme stocks this week

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.

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


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