• 13
  • Comment
  • Favorite

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;))

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.

Report

Comment

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

Most Discussed

 
 
 
 
 

7x24

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email:uservice@ttm.financial