$AMC Entertainment(AMC)$ At almost 20% This high short interest is quite risky for short sellers as any major rebound could put the shorts in the poor house
While it made sense for institutions to go short when AMC’s share price began dropping after its peak, AMC has hit strong levels of support today, making it ideal for buyers to step in.
Institutions like Vanguard have begun to buy back in at current levels, very well knowing an AMC short squeeze is probable.
AMC’s short interest today is around the same as it was prior to the massive surge from $14 to $72 per share June last year
This means those betting on AMC to squeeze this year already have an advantage
Big players closing their short positions in AMC may trigger big price runup at any moment.
With retailers holding 85% of the float shorts are in an extremely risky position right now and a squeeze is eminent
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