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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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Comment15

  • Ngxiaoyi
    ·2021-06-19
    Hahah dumb short sellers
    Reply
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  • Terry1989
    ·2021-06-16
    Nice one
    Reply
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  • benlauhh
    ·2021-06-15
    Let's do this lads
    Reply
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  • Brandon2207
    ·2021-06-15
    The squeeze has yet to happen 
    Reply
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  • Stylerz
    ·2021-06-15
    Are you sure?
    Reply
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  • W00000
    ·2021-06-15
    This is good news!!!! 
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    • w8w8
      Okkkkkookkkk
      2021-06-19
      Reply
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    • Terry1989
      power
      2021-06-16
      Reply
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  • TYX333
    ·2021-06-15
    To the moon
    Reply
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    • Stylerz
      apes winning
      2021-06-15
      Reply
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  • ChinPiau
    ·2021-06-15
    To the moon!!! ??????
    Reply
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  • gigigigi
    ·2021-06-15
    Hahahaha AMC TO THEMOON
    Reply
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  • ykang
    ·2021-06-15
    Hodl [得意] 
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  • Mal06
    ·2021-06-15
    Good job 
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  • LUKIE
    ·2021-06-15
    Let's rally about 80 this week.??????????
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  • HOTBE
    ·2021-06-15
    Huge profits 
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    • HOTBE
      ✌️
      2021-11-04
      Reply
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    • JadeS
      ?
      2021-10-29
      Reply
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  • LUKIE
    ·2021-06-15
    To the MOON baby.????
    Reply
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    • ykang
      [龇牙]
      2021-06-15
      Reply
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  • VamX
    ·2021-06-15
    Woah is that good news ?
    Reply
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