bingoo
2022-12-16

$AMC Entertainment(AMC)$  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

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • ngchris
    2022-12-16
    ngchris
    sound like preparation for another saga down the road
  • SiFu
    2022-12-17
    SiFu
    Good sharing thanks
  • Zirong921
    2022-12-19
    Zirong921
    Thanks for the kind sharing
  • Trading Guru
    2022-12-16
    Trading Guru
    lol hype over. nothing is possible. move on
  • Ahi
    2022-12-19
    Ahi
    👍
  • HuatZzz
    2022-12-19
    HuatZzz
    👍
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