AMC short sellers lost $488 mln after Monday's rally - Ortex

Reuters2021-06-15

June 15 (Reuters) - Investors shorting "meme stock" AMC Entertainment are estimated to have lost about $488 million on Monday after a rally that sent the cinema operator's shares up more than 15%, data from financial analytics firm Ortex showed.

By contrast, AMC short-sellers suffered $1.2 billion in mark-to-market losses for the week to May 28, when small-time traders on online discussion groups sent the stock up about 116%, triggering a phenomenon known as a "short squeeze".

AMC shares were down 0.1% in premarket trading on Tuesday. The stock has surged more than 2,500% so far this year.

(Reporting by Sagarika Jaisinghani in Bengaluru and Sujata Rao in London; Editing by Anil D'Silva)

((sagarika.jaisinghani@thomsonreuters.com;))

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Comments

Ngxiaoyi
2021-06-19
Ngxiaoyi
Hahah dumb short sellers
Terry1989
2021-06-16
Terry1989
Nice one
benlauhh
2021-06-15
benlauhh
Let's do this lads
Brandon2207
2021-06-15
Brandon2207
The squeeze has yet to happen
Stylerz
2021-06-15
Stylerz
Are you sure?
W00000
2021-06-15
W00000
This is good news!!!!
- w8w8:
  Okkkkkookkkk
- Terry1989:
  power

Leave a comment

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lads","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/160044155","repostId":2143680756,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":187722800,"gmtCreate":1623764990700,"gmtModify":1703818652631,"author":{"id":"3578540042073632","authorId":"3578540042073632","name":"Brandon2207","avatar":"https://static.tigerbbs.com/c0335fafe87a5d7a8728bb3763ba20dc","vip":1,"crmLevel":4,"crmLevelSwitch":0,"authorIdStr":"3578540042073632","idStr":"3578540042073632"},"htmlText":"The squeeze has yet to happen&nbsp;","listText":"The squeeze has yet to happen&nbsp;","text":"The squeeze has yet to 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