That strategic approach led us to the Fox Berkshire theatre. “AMC has made it a priority to strengthen our circuit by identifying and acquiring popular, well- performing theatres around the country. So far, AMC’s cost to borrow has surged passed 1,000% in both April and July this year.īREAKING: AMC's Short Squeeze Score Has Now Jumped to 96 $AMC #AMCSTOCK- Frank Nez □□ JShare this article on Twitter! Latest AMC Entertainment Stock News Market News Daily – AMC’s Short Squeeze Score Has Now Jumped to 96.ĪMC Entertainment has acquired a new and popular movie theatre based in Wyomissing, Pennsylvania.īerks Weekly reports that AMC has acquired the popular Fox Berkshire movie theatre in Wyomissing and will reopen the theatre today Friday, July 14. Short sellers paid $1.91 billion in short borrow fees during the first quarter of 2023, according to S3 Partners. “One factor that is also killing profits for short sellers is the borrowing costs on stocks that no one is willing to part with,” he continued. and GameStop,” said Ihor Dusaniwsky, head of predictive analytics at financial technology and analytics firm S3 Partners. “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. The analytics firm has also listed the world’s largest movie theatre chain on its top 10 list of most likely ‘short squeeze candidates’.īut Ortex isn’t the only firm alerting short squeeze signals from AMC Entertainment. Now AMC’s short squeeze score has jumped to 96, an indication that a short squeeze probability continues to grow.ĪMC’s current short interest is sitting at 28.03% which is much higher than the short interest the company had in 2021 when shares exploded between $6 -$9 per share to its all-time high of $72 per share. ‘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.ĪMC’s short squeeze score has been between 93 and 94 all year. DeMatteo in 1996 and is headquartered in Grapevine, TX.Market News Daily – AMC’s Short Squeeze Score Has Now Jumped to 96.ĪMC Entertainment’s (NYSE: AMC) short squeeze score has now jumped to 96 according to Ortex data. The company also publishes Game Informer, a print and digital gaming publication. Its pop culture themed stores also sell collectibles, apparel, gadgets, electronics, toys, and other retail products for technology enthusiasts and general consumers in international markets operating under the Zing Pop Culture brand. The firm’s stores and ecommerce sites operate primarily under the names GameStop, EB Games, and Micromania. GameStop offers new and pre-owned gaming platforms from the major console and PC manufacturers, sells new and pre-owned gaming software for current and certain prior generation consoles, and offers a variety of in-game digital currency, digital downloadable content, and full-game downloads. Each segment consists primarily of retail operations, including stores and ecommerce properties focused on games, entertainment products, and technology. It operates through the following geographic segments: United States, Canada, Australia, and Europe. offers games and entertainment products through its ecommerce properties and stores.
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