Keep in mind that the stocks previous all-time high had been around $27 in March 2015 and January 2017. (Disclaimers: this is not investment advice. Short selling is a costly, risky endeavor, but investors can also use this list of stocks with high borrow fees as a guide of which stocks to potentially avoid holding in a long portfolio as well. Real-time analyst ratings, insider transactions, earnings data, and more. By clicking Sign up, you agree to receive marketing emails from Insider The latest GameStop short interest data from mid-October indicated that 20% of GME's float - 53.88 million shares - was held short. contact@marketbeat.com Moving averages are a lagging trend-following indicator that technical analysts use to smooth out price movements and help identify the direction of the current trend in place. Before Covid-19 hit the economy in 2020 AMC had lost money and had negative free cash flows two of the three previous years. There is a very high degree of risk involved in investing and trading of securities and similar instruments, and S3 Partners, LLC and any and all entities or individuals affiliated with S3Partners, LLC do not intend to provide or convey any advice or recommendations concerning any such activity, and assume no responsibilities for any trading or investment results. It became slightly cheaper, on average, to short stocks in the 3rd quarter as the average stock loan fee fell -3 bps from 0.72% fee to 0.69% fee. To put this into context, fellow meme stock AMC Entertainment has a short interest . Data from S3 partners reveal the AMC's shorted shares have dropped massively this month. Throughout 2022, AMC was one of the preferred stocks to short - and it turned out to be a great investment for short-sellers. Shares of First Republic plunged 43% to a record low a day after the bank released first-quarter earnings, reporting that deposits tanked by more than $100 billion. Short sellers have now lost grip as the cost to short the stock has dramatically increased. Opinions expressed by Forbes Contributors are their own. BBBY Global Business and Financial News, Stock Quotes, and Market Data and Analysis. CNBC's Yun Li contributed to this report. An additional variable, which is necessary for a short squeeze to occur, are substantial net-of-financing mark-to-market losses., He continued, A short position, no matter how crowded, that continues to be profitable cannot be squeezed. Accept Read More. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. 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. But the chances of getting a tap on the shoulder from a Chief Risk Officer to cut losses and get out of the trade is higher for these stocks. S3 Partners is reporting AMC as the #1 stock with highest borrow fees but like Ortex, it also reports the companys short interest. Changes in short volume can be used to identify positive and negative investor sentiment. A new note from S3 Partners highlights why short-selling AMC may not be worth the cost. Here are the 10 stocks with the highest borrow fees: Related Link: 10 Stocks That Are Crushing Short Sellers In 2023: Where Do Tesla, Apple, Lucid Motors Rank? (0.77%), Spectrum Brands Holdings, Inc. (4.39%), Mister Car Wash, Inc. (15.31%), Steven Madden, Ltd. (5.25%), Sonos, Inc. (10.34%), Carter's, Inc. (7.52%), Graham Holdings (1.21%), Ozon Holdings PLC (8.94%), Kontoor Brands, Inc. (7.33%). AMC was the most active stock on the New York Stock Exchange by far on Friday as more than 650 million shares changed hands. Short interest in the domestic market decreased by -$46.7 billion, or -3.93%, to $1.14 trillion in the third quarter of 2021. View which stocks are hot on social media with MarketBeat's trending stocks report. Editing by Matthew Lewis, First Republic collapse sparks regional bank shares sell-off, JPMorgan wins government auction to buy seized First Republic Bank, Exclusive: Subway comes up with debt plan to clinch $10 billion-plus sale, Explainer: Why First Republic Bank failed and what JPMorgan's deal means, All eyes on Lyft's new CEO as Wall Street awaits turnaround plan, IMF's Georgieva says more vulnerabilities in banking sector may be exposed, Brazil police shoot dead 4 illegal gold miners on Yanomami reservation, India cuts windfall tax on petroleum crude, Options traders remain wary of regional banks after First Republic rescue. Even though the overall market was relatively flat (S&P 500 up +0.23%, Nasdaq down -0.38% and Russell 3000 down -0.43%), the majority of this decrease, -$55.5 . What is a good short interest ratio for AMC Entertainment? 13 Stocks That Rank As Most Expensive to Short, Data Show - Markets Insider GameStop, AMC Short Sellers Lose $12 Billion As Retail - Wccftech Another moving average traders will likely have their eye on if AMC falls below its 50-day is the longer-term 200-day moving average. Stonk-O-Tracker is currently reporting the borrow fee at 102% but recently showed hedge funds were paying as much as 731% to short AMC stock. 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. The latest AMC short interest data from Morningstar indicates an increase in shorted shares. On the last day of 2019, AMC had a market value of $751.87 million. The recovery of AMC's business fundamentals has been aided by cash raised through share appreciation by retail investors. 'We should see the GME short squeeze continuing': S3 Partners Not surprisingly, AMC was the most expensive stock to short in the first quarter, costing short sellers $225 million in stock borrow fees. Investors that short sell a stock are betting that its price will decline in the future. Managing Director of Predictive Analytics, S3 Partners, Director of Predictive Analytics, S3 Partners. Research Note written by Ihor Dusaniwsky, Managing Director of Predictive Analytics, S3 Partners, LLC, For deeper insight into short side data and analysis contact me at Ihor.Dusaniwsky@S3Partners.com. 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. FAANG stocks were up an average of +27.3% in 2021 but Amazon.com Inc (AMZN) underperformed the group significantly with only . It traded at seven times EBITDApre-pandemic. As Aron said, it is not enough for AMC to return to pre-pandemic levels to prove a successful business. On Friday, that value stood at around $11.9 billion, according to data from FactSet. Redditors saw AMCs high short interest data could drive short sellers to close their positions by buying the stock as a collective. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. Market wide Short Interest as a % of Float declined moderately in the 3rd quarter, decreasing -28 bps from 5.33% to 5.05%. The retail investors' agenda has been to keep AMC alive and to "stick it" to the hedge funds, one analyst told CNBC. S3 Partners founder Robert Sloan examines the short-selling activity surrounding AMC and the top short-squeeze risks. A Division of NBCUniversal. The more than 1,100% jump in AMC's stock since January has defied Wall Street analyst predictions. The number of GameStop shares being shorted was at its peak before retail traders combined to 'short squeeze' the stock, ultimately . AMC Entertainment saw a decline in short interest in the month of April. Learn More on AMC Entertainment's current short interest. No representation or implication is being made that using the methodology or system will generate profits or ensure freedom from losses. Is Beyond Meat (BYND) Stock Outpacing Its Consumer Staples Peers This Year? Ihor Dusaniwsky, S3 Partners Head of Predictive Analytics, discusses AMC stock sale and short interest. #AMC#AMCSqueeze.. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN. View all of the most shorted stocks. But AMC isn't the only stock costing short sellers an arm and a leg. S3 Partners Home As of the most recent reporting period, the following stocks had the largest short interest positions: T-Mobile US, Inc. ($4.69 billion), Occidental Petroleum Co. ($3.22 billion), Coinbase Global, Inc. ($2.54 billion), T. Rowe Price Group, Inc. ($2.33 billion), Paramount Global ($2.10 billion), Verisk Analytics, Inc. ($2.03 billion), Etsy, Inc. ($1.67 billion), Old Dominion Freight Line, Inc. ($1.62 billion), CarMax, Inc. ($1.60 billion), and Extra Space Storage Inc. ($1.60 billion). Our Crowded Score takes a multi-factor approach to identify short-side crowded securities and take into consideration: Short Interest as a true percentage of a companys tradable float (which includes synthetic longs created by short selling). To make matters worse, AMC short sellers have also gotten burned by the stock's 33.2% year-to-date gain. On Twitter, Adam Aron responded directly to a user regarding AMCs short thesis. They are now transforming AMC into a growth company. Trying to use earnings or cash flow as a valuation tool would show exorbitant results and not be of much use. If a trader has significant historical profits in a stock; very high conviction in their investment\trading thesis; a technical or quantitative reason to be in a stock; or is very stubborn with a thick skin for enduring mark-to-market losses, they may remain short in a stock despite its high Crowded and Squeeze scores. Short squeeze has not contributed to AMCs recent rise. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. AMC Entertainment (AMC) - Get Free Reportcontinues to be a major target for short-selling activity. Ihor Dusaniwsky, managing director of Predictive Analytics at S3, in an email exchange with Reuters said First Republic's plunge has moved short sellers in its stock into a profit for April. Access your favorite topics in a personalized feed while you're on the go. AMC stock jumps nearly 15% as retail-fueled rally stretches to - CNBC Shares of the movie theater chain rallied more than 116% since Monday. Our Standards: The Thomson Reuters Trust Principles. AMC's Stock Set Up For A Short Squeeze - Forbes AMC Becomes The #1 Stock with Highest Borrow Fees At one point it hit $36.72, which was 204% above last Fridays close. 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. Learn More on AMC Entertainment's current short interest. S3 Partners Launches Squeeze Risk Score on SI<GO> Bloomberg Terminal Page All quotes delayed a minimum of 15 minutes. While a stock can be crowded it might not necessarily be a short squeeze candidate. Investors shorting the meme stock AMC Entertainment are estimated to have lost $1.23 billion over the last week. Stock Sharks on Instagram: "Passionate day traders glued to their As AMC tests its key 50-day moving average support level, short bets against the company are increasing, according to data from S3 partners. There were more profitable shorts than unprofitable shorts in the 3rd quarter with 61% of all short positions adding positive numbers to a traders bottom lines. AMCs short borrow fee rate has skyrocketed in the past months but is now reaching record highs. By downloading any information from s3partners.com your information may be shared with our educational partners or affiliates. S3 Partners estimates AMC 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. . All Rights Reserved. But according to Charles Lemonides, portfolio manager at ValueWorks, there is likely to be a pause in the aggressive short-selling of meme stocks. Stock borrows are tight in most of these stocks with only six trading at General Collateral levels and twelve are trading at above 10% fee levels. You seem like a nice guy Ihor, but let's not pretend ANYONE's short interest data is even remotely accurate. Got a confidential news tip? As of the most recent reporting period, the following institutional investors, funds, and major shareholders have reported short positions of AMC Entertainment: Equitec Proprietary Markets LLC, Simplex Trading LLC, Traynor Capital Management Inc., National Bank of Canada FI, FNY Investment Advisers LLC, Parallax Volatility Advisers L.P., Jane Street Group LLC, Belvedere Trading LLC, Sculptor Capital LP, Millennium Management LLC, Marathon Trading Investment Management LLC, Nomura Holdings Inc., Aristeia Capital LLC, Centiva Capital LP, Jefferies Financial Group Inc., Susquehanna International Group LLP, CSS LLC IL, Verition Fund Management LLC, Tyler Stone Wealth Management, 683 Capital Management LLC, Clear Street Markets LLC, Natixis, Antara Capital LP, Barclays PLC, Bank of America Corp DE, EMG Holdings L.P., Bracebridge Capital LLC, Group One Trading L.P., IMC Chicago LLC, Citigroup Inc., Cutler Group LLC CA, Simplex Trading LLC, and Bank of Montreal Can. With the huge spike in AMCs shares they are definitely in overbought territory. The shares closed at $26.12 per share Friday, up from $13.68 on Monday. Only one sector had a significant increase in short exposure in the 3rd quarter, the Energy sector was up +$4.4 billion. There were 6,195 shorted equities with negative P\L, producing -$49.4 billion in losses, -9.8%. Dusaniwsky added, While a stock can be crowded it might not necessarily be a short squeeze candidate. A short squeeze for AMC Entertainment occurs when it has a large amount of short interest and its stock increases in price. Our platform connects, collects, and cleans position data across the total trade life cycle for any portfolio. AMC large recent short-side mark-to-market losses have kept it at the top of the league tables for his Short Squeeze Risk Metric. According to CEO Adam Aron, the future of AMC's cash management will consist of supporting its core business operations, repaying high-interest loans, and also investing in growth initiatives. However, even when these criteria are met it does not necessarily mean the stock is a short squeeze candidate. Lyft Inc's revenue growth is likely to lag bigger rival Uber Technologies Inc for the sixth straight quarter, with Wall Street eagerly looking forward to a turnaround plan from its new CEO David Risher. After a 40% Drop, Analysts Remain Bullish on Impinj, Visa Charges Higher After Better-Than-Expected Q2 Report, onsemi Puts A Bottom in Chip Stocks, Heads For New Highs, Checkpoint Software Leads Cyber-Security Stocks. How often is AMC Entertainment's short interest reported? AMC Entertainment Is Most Expensive Stock For Short Sellers, But What AMC has 13.8% of its float shares sold short after a 6.2% increase . Unify your firm's cash with your prime and custody wallets by seamlessly integrating our solution with your own OMS. How does AMC Entertainment's short interest compare to its competitors? As of April 15th, there was short interest totaling 137,470,000 shares, a decline of 1.0% from the previous total of 138,840,000 shares. While initial box-office receipts are promising, fundamental elements of the movie theater business have changed in the last year, including theater capacity, shared release dates with streaming services and the number of days that movies play in theaters. Dusaniwsky wrote, We have seen AMC short covering this week, but by no means are we seeing a wholesale short squeeze in this stock at the moment. But they will usually continue to ride the wave until the wave dissipates, or they are forced out by market conditions such as stock recalls or unpalatable stock borrow fees. If AMC manages to decisively hold the 50-day moving average as support, then a rise back to its June peak of about $70 could be in order. Also, the article may contain affiliate links. AMC short interest and stock price. What does it mean to sell short AMC Entertainment stock? View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. (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. 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 . Mullen Announces New Illegal Shorting Investigation, Mullen Five is Now Available for Reservation, The BBIG Community Raises More Than $42K to Fight Board, Supreme Court Summons FINRA in New MMTLP Hearing, Mullen Makes New Delivery of EVs to UNC Charlotte. This website uses cookies to improve your experience. Researcher and operations manager at DM Martins Research. Learn More. But it's getting close to reaching pre-pandemic levels. , Beyond Meat, Nikola, Skillz, Upstart Holdings and Virgin Galactic - AMC Enter Hldgs (NYSE:AMC) We'll assume you're ok with this, but you can opt-out if you wish. When a heavily shorted stock jumps higher in a rapid fashion, short sellers are forced to buy back borrowed shares to close out their short position and cut losses. Exclusive news, data and analytics for financial market professionals, Reporting by Herbert Lash in New York Short interest stands . Before you get any more clout - let's just be transparent here and acknowledge S3 is owned by Citadel. The "King Of Quants" sees 10X potential Cybersecurity Firm Raises $5M in Five Days. With the Russell 3000 down only -0.43% for the quarter, short sellers outperformed the market significantly by being good stock pickers. S3 Partners LLC: S3 Short Interest and Securities Finance Data - Snowflake Short interest in the domestic market decreased by -$23.9 billion, or -2.23%, to $1.05 trillion in the fourth quarter of .
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