You have already added five stocks to your watchlist. 13 Stocks That Rank As Most Expensive to Short, Data Show - Markets Insider Indeed, according to S3 Partners Research, through early December . Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. A Division of NBCUniversal. The industry leader for online information for tax, accounting and finance professionals. That's an uptick from 49.53 million in mid-September. Their efforts, which surged in January, pushed the stock to $20 a share, up from $5, and allowed AMC to lighten its debt load by around $600 million. (Disclaimers: this is not investment advice. You can now read exclusive FrankNez articles for only $1/mo. The data is organized by frequency of updates, with intraday data at the top (short shares availability, short borrow fee rate), daily data (short volume, fails-to-deliver) in the middle, and the slowest updated data (short interest) at the bottom. This is on a company whose market cap was $248 million at the beginning of the year and is now $11.8 billion. We have seen the number of highly squeezable stocks in our Squeeze metric since June 15more than double, and our average squeeze score has increased by over 250% (from 12.22 to 31.48). AMCs high short interest of 25.33% has short sellers in a sticky situation as rising borrow fee rates limit the amount of shorting in the stock. It would not be surprising to see them pull back in the short term, similar to what happened in early February. This just defies all logic.". But the company still has a consistent liquidity position of $1.16 billion. Not surprisingly, AMC was the most expensive stock to short in the first quarter, costing short sellers $225 million in stock borrow fees. Let's find out why that's a bad idea. The recent rally off the June 16 lows (S&P 500 +5.36%, Nasdaq +7.57%, Russell 3000 +5.42%) has made some crowded shorts more squeezable. A buy signal is flashed when the short-term moving average crosses above the longer-term moving average, as happened for AMC in February. GameStop may be able to shake up its business enough to recover at least some of downturn but it wont happen overnight. Theaters were closed for several months to help stop the spread of the virus, and when the company reopened its doors, few consumers felt comfortable attending screenings, and movie studios held back new releases. Your use of any information or observations contained herein is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness of such information or observations. The higher chance that short sellers may be forced to buy-to-cover will only help push stock prices even higher and making the Squeeze even tighter for the shorts still in the stock. Traders view the the 50-day moving average, which is the average daily closing price of a stock over its previous 50 trading sessions, as a short-term moving average that often represents areas of support or resistance for a stock. Shares of the movie theater chain rallied more than 116% since Monday. Will Deady on LinkedIn: AMC Entertainment Is Most Expensive Stock For Opinions expressed by Forbes Contributors are their own. S3 Analytics: 3rd Quarter Short Interest by Sector Recap Short Interest Data. Mark-to-market losses are the primary impetus for a Short Squeeze to occur, and AMCs recent rally has pushed it into potential Short Squeeze territory.. AMC Entertainment has enough short sellers to create big buying pressure in a buy back when closing short positions. Reese also said that bets against AMC's business have been based on retail investor fatigue. The data, which replaces the previously available S3 Rate Temperature, will be provided on a 30-day delay, with real-time data available in S3's BLACK App Excel {APPS BLAX< GO >} and S3's . AMC Entertainment (NYSE:AMC) has become the #1 stock with the highest borrow fees according to S3 Partners. All quotes delayed a minimum of 15 minutes. Why the stock could round trip: Valuation. Learn More on AMC Entertainment's current short interest. An increase in short sale volume suggests bearish (negative) sentiment among investors. One sign traders look for to generate a buy or sell signal is the crossover between the shorter 50-day and longer 200-day moving averages. A new note from S3 Partners highlights why short-selling AMC may not be worth the cost. "FRC shorts are up +$320.3 million in mark-to-market profits on todays -33.9% price move," he wrote. The most recent reporting period available is April, 15 2023. 'We should see the GME short squeeze continuing': S3 Partners As far as the company's balance sheet is concerned, free cash flow (FCF) suffered in the first quarter. How often is AMC Entertainment's short interest reported? Access your favorite topics in a personalized feed while you're on the go. NEW YORK, April 25 (Reuters) - Short interest in shares of beleaguered First Republic Bank (FRC.N) rose by $389.8 million to $945.5 million in the past 30 days, and the bearish positions turned profitable for the month as its shares skidded on Tuesday, data from S3 Partners showed. He continued, A short position, no matter how crowded, that continues to be profitable cannot be squeezed. Co-producer of The Street's financial channels: Apple Maven, Amazon Maven and Wall Street Memes. AMC Short Sellers Recover $1 Billion In Little Over A Week - Wccftech Watch S3 Partners' Dusaniwsky on AMC - Bloomberg Real-time analyst ratings, insider transactions, earnings data, and more. The difference between the sell price and the buy price is the trader's profit. AMCs short interest per S3 Partners and Ortex data is nearly identical. At the current valuation AMCs shares are 12.7 times more expensive than 2017s valuation level. It traded at seven times EBITDApre-pandemic. At the end of April, 100.63 million shares were being shorted. Our Blacklight SaaS platform and Black App provides an up-to-date view of short selling and short covering on an equity, sector, index, or country-wide basis allowing investors\traders to better manage their existing long and short positions. No trader will be forced to exit a position that continues to be profitable. In every recent quarter, the company has shown gradual improvement. January 3, 2022. Shares of AMC Entertainment dropped as much as 14% on Wednesday as retail traders begin to capitulate on the meme-stock frenzy and short bets against the theater chain increase. When calculating the companys valuation metrics these results use fiscal 2018s $8.3 billion in revenue so as to be as generous as possible. Trying to use earnings or cash flow as a valuation tool would show exorbitant results and not be of much use. With Fed Decision Looming, Economy and Markets Wait Google Stock Concerned About AI? S3 Partners Home But according to Charles Lemonides, portfolio manager at ValueWorks, there is likely to be a pause in the aggressive short-selling of meme stocks. Before Covid-19 hit the economy in 2020 AMC had lost money and had negative free cash . Information and observations are obtained from sources believed to be reliable, but S3 Partners, LLC and any of its affiliates do not warrant the completeness or accuracy of any such information, or guarantee or in any way warrant any results from the use of any information. Short interest in shares of beleaguered First Republic Bank rose by $389.8 million to $945.5 million in the past 30 days, and the bearish positions turned profitable for the month as its shares . The market is rampant with blatant stealing from retail investors and driving companies down illegally. S3 Partners. S3 data reports AMCs borrow fee at 142.57% but Ortex is reporting 213.95%. , Beyond Meat, Nikola, Skillz, Upstart Holdings and Virgin Galactic Market wide Short Interest as a % of Float declined moderately in the 3rd quarter, decreasing -28 bps from 5.33% to 5.05%. - Shorts Think So. The more than 1,100% jump in AMC's stock since January has defied Wall Street analyst predictions. We have seen the number of highly squeezable stocks in our Squeeze metric since June 15more than double, and our average squeeze score has increased by over 250% (from 12.22 to 31.48). UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. See here for a complete list of exchanges and delays. Fees Adding Up: S3 estimates short sellers paid a total of $1.91 billion in stock borrow fees in the first quarter of 2023, up from $1.54 billion in the fourth quarter of 2022. Accept Read More. S3 Analytics: Kraft Heinz (KHC) Short Interest $1.47 S3 Analytics: January 13th January 19th Best S3 Analytics: Chipotle Shorts up $261 million on $GME Stock Slides As Short-Squeeze Rallies Start To S3 Analytics: Stock Loan Implications of VXX ETNs S3 Analytics: Under Armour Swings and Misses on S3 Analytics: Februarys Most & Least Profitable Short S3 Analytics: McPlant Burger Not Tasty for Beyond Meat Shorts. Other companys on the highest stock borrow fees list include Bed Bath & Beyond (NASDAQ:BBBY) with GameStop (NYSE:GME) last on the list. A decrease on short sale volume suggests bullish (positive) sentiment. As AMCs stock price came back down the number of shares shorted steadily increased until mid-April, where it has essentially remained around 90 million. (Photo by Ethan Miller/Getty Images), chart on GameStop is available via his tweet, There is a large amount of dollars at risk on the short side (high short interest), There is a large proportion of a securitys tradable float shorted (high S3 SI % Float), There is scarcity of stock loan supply (high stock borrow fees), There is limited daily trading volume (high days to cover), AMC short interest is $4.53 billion of $21.6 billion market cap, Shortsare now down $3.91 billion in year-to-date mark-to-market losses, This includes up $302 million on Fridays decline of 6.7%, Shorts are down $1.99 billion or 52%, last week, Dec. 31, 2017: $1.58 billion with $5.08 billion in revenue = 0.31x market cap to revenue, Dec. 31, 2018: $1.48 billion with $5.46 billion in revenue = 0.27x market cap to revenue, Dec. 31, 2019: $747 million with $5.47 billion in revenue = 0.14x market cap to revenue, Dec. 31, 2020: $248 million with $1.24 billion in revenue = 0.20x market cap to revenue, GME short interest is $2.99 billion of $17.6 billion market cap, Shortsare still down $6.77 billion in year-to-date mark-to-market losses, This includes up $114 million on Fridays decline of 3.8%, Shorts are down $294 million or 10%, last week, Fiscal 2021 revenue: $5.43 billion estimate, Fiscal 2022 revenue: $5.37 billion estimate, GameStop has a market cap of $17.6 billion, Which is 13.8 times greater than December 31, 2020s market cap of $1.3 billion, And 2.1x market cap to fiscal 2018s revenue.
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