Shorts Circle GameStop and AMC, Sensing Retail Fatigue

StreetInsider2022-06-07

By David Randall and John McCrankNEW YORK (Reuters) - Bearish investors are ramping up bets against meme stocks GameStop Corp and AMC Entertainment Holdings Inc, spotlighting how short sellers have ...

Source Link

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（13）

michaelchan8
·2022-06-08
Tell me MSM is bought without telling me MSM is bought.
Reply
Like
Report
YueShan
·2022-06-07
💪
Reply
Like
Report
YueShan
·2022-06-07
Will rise more
Reply
Like
Report
Looyusooi
·2022-06-07
Ok
Reply
Like
Report
jayjong
·2022-06-07
$GameStop(GME)$ pls short it below 70,i really want to buy another 100 shares
Reply
3
Report
MSTAN
·2022-06-07
👌👌
Reply
1
Report
Teddbeh
·2022-06-07
AMC to the moon
Reply
1
Report
gamestonk
·2022-06-07
[NosePick]
Reply
1
Report
Zayar
·2022-06-07
Short it then
Reply
1
Report
Disiaosiao
·2022-06-07
Suddenly said retailers already close out their positions, now saying retailers still there but fatigue.HahahhahaShorts will pay the ultimate price — BANKRUTCY
Reply
2
Report
michaelchan8
·2022-06-07
Sounds like a trap to lure people to short it. Be reminded that the loss is infinite.
Reply
2
Report
michaelchan8
·2022-06-07
Fud article. What fatigue is the author talking about lol. It costs nothing to hold.
Reply
4
Report
ValuInvestor
·2022-06-07
Ok
Reply
Like
Report

Most Discussed

7x24

All

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/2241045938?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2022-06-07 13:39","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2241045938","market":"us","top_or_hot":-1,"title":"Shorts Circle GameStop and AMC, Sensing Retail Fatigue","media":"StreetInsider","content":"<div>\n<p>By David Randall and John McCrankNEW YORK (Reuters) - Bearish investors are ramping up bets against meme stocks GameStop Corp and AMC Entertainment Holdings Inc, spotlighting how short sellers have ...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=20182005\">Source Link</a>\n\n</div>\n","source":"highlight_streetinsider","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Shorts Circle GameStop and AMC, Sensing Retail Fatigue</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nShorts Circle GameStop and AMC, Sensing Retail Fatigue\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-06-07 13:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.streetinsider.com/dr/news.php?id=20182005><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>By David Randall and John McCrankNEW YORK (Reuters) - Bearish investors are ramping up bets against meme stocks GameStop Corp and AMC Entertainment Holdings Inc, spotlighting how short sellers have ...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=20182005\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"AMC","symbol_name":"AMC院线","start_time":0,"source_url":"https://www.streetinsider.com/dr/news.php?id=20182005","article_id":"2241045938","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2241045938","pubTimestamp":1654580397,"sourceInfo":{"source_id":"highlight_streetinsider","name":"StreetInsider"},"weMediaInfo":null,"summary":"By David Randall and John McCrankNEW YORK (Reuters) - Bearish investors are ramping up bets against ","collect":0,"end_time":0,"defaultTopTitle":"streetinsider.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"AMC":"AMC院线","GME":"游戏驿站"},"translate_title":"空头圈游戏驿站和AMC，感知零售疲劳","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AMC":1,"GME":1},"content_text":"By David Randall and John McCrankNEW YORK (Reuters) - Bearish investors are ramping up bets against meme stocks GameStop Corp and AMC Entertainment Holdings Inc, spotlighting how short sellers have grown bolder during a broader market selloff that has pummeled risky post-pandemic favorites once beloved by retail traders.Overall short interest as a percentage of the company's float stood at 24% for GameStop and 22% for AMC, near their highest levels in a year, according to data from S3 Partners.\"Retail investors are at a point now where they are just sitting on the sidelines and they’ve lost money in many cases,\" said Randy Frederick, managing director of trading and derivatives at the Schwab Center for Financial Research.At the same time, \"institutional investors don’t have the luxury of sitting on sidelines and they are much more comfortable going short so they are becoming the more dominant player in the market,\" he said.The meme stock craze erupted in early 2021, when an army of individual investors piled in to shares of GameStop, AMC and other once-unfashionable companies, contributing to eye-popping rallies in their shares and forcing hedge funds to unwind their bearish bets against them - sometimes after sustaining considerable losses.More recently, retail traders' speculative fervor appears to have cooled amid a broader market selloff fueled by worries over a hawkish Federal Reserve. The S&P 500 is down 13.5% year-to-date after approaching the cusp of a bear market last month, while GameStop and AMC are down 13.7% and 56%, respectively.Retail investors have been net sellers of single stocks for the last eight weeks, said Peng Cheng, head of big data and AI strategies at JPMorgan.Flows tracked by Goldman Sachs, meanwhile, showed that retail investors had sold most of their U.S. equity purchases from the last two years, analysts at the bank said in a note last week.“Most of these bubbles start to slowly revert to fundamentals as professional investors regained confidence and bet against them,” said Giacomo Pierantoni, head of data at Vanda Research, which tracks retail buying.Of course, GameStop and AMC shares have been known to mount unexpected rallies that have badly hurt short sellers, making betting against them a white-knuckled affair.GameStop shares, for instance, more than doubled in price earlier this year, though they have since pared those gains. Retail investors still appear willing to step in during sharp market declines in an effort to buy shares on the cheap and poured a net $2.8 billion into the market in the week that ended June 1, JPMorgan data showed.That should give hedge fund managers pause before shorting meme stocks aggressively, said Charles Lemonides, head of hedge fund ValueWorks LLC.\"There's been too much confidence among the shorts that these businesses are completely failed,\" he said.Shares of GameStop are down 63% from the record closing high of $347.51 they reached in January 2021. The company beat revenue estimates and reported a loss of $2.08 per share when it reported quarterly results on June 1.AMC's shares, meanwhile, are down nearly 81% from the record $62.55 level where they closed in June 2021. The company also beat revenue and earnings expectations when it delivered quarterly results in May, though it remains unprofitable.Rising short interest in AMC is occurring at a time when the company’s fundamentals are improving, said Alicia Reese, an analyst at Wedbush Securities Inc.After less than two weeks on screen, \"Top Gun: Maverick\" has pulled in $291 million in North America, leading some box office analysts to predict that it could generate more than $1 billion in ticket sales and help bring consumers back into theaters.Still, AMC trades at about three times her firm's price target of $4, Reese said.\"As an industry play, it doesn’t seem like it's a great time to short,\" she said. Instead, bets against the company \"reflect that institutional investors think that the retail shareholders are experiencing fatigue here.\"","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9051952512,"gmtCreate":1654641708136,"gmtModify":1676535481418,"author":{"id":"3585361413732704","authorId":"3585361413732704","name":"michaelchan8","avatar":"https://community-static.tradeup.com/news/6fc3165fdf6e1ba1ae2afd05cb876b1d","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":4,"crmLevelSwitch":0,"authorIdStr":"3585361413732704","idStr":"3585361413732704"},"htmlText":"Tell me MSM is bought without telling me MSM is bought.","listText":"Tell me MSM is bought without telling me MSM is bought.","text":"Tell me MSM is bought without telling me MSM is bought.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9051952512","repostId":2241045938,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9051006011,"gmtCreate":1654603025033,"gmtModify":1676535476242,"author":{"id":"3583033297199166","authorId":"3583033297199166","name":"YueShan","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":1,"authorIdStr":"3583033297199166","idStr":"3583033297199166"},"htmlText":"💪","listText":"💪","text":"💪","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9051006011","repostId":2241045938,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9051009777,"gmtCreate":1654602496999,"gmtModify":1676535476222,"author":{"id":"3583033297199166","authorId":"3583033297199166","name":"YueShan","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":1,"authorIdStr":"3583033297199166","idStr":"3583033297199166"},"htmlText":"Will rise more&nbsp;","listText":"Will rise more&nbsp;","text":"Will rise more","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9051009777","repostId":2241045938,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9053763961,"gmtCreate":1654590621953,"gmtModify":1676535474680,"author":{"id":"4100437715079400","authorId":"4100437715079400","name":"Looyusooi","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"4100437715079400","idStr":"4100437715079400"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9053763961","repostId":2241045938,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9053784200,"gmtCreate":1654589894400,"gmtModify":1676535474593,"author":{"id":"3572242811173585","authorId":"3572242811173585","name":"jayjong","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3572242811173585","idStr":"3572242811173585"},"htmlText":"<a href=\"https://ttm.financial/S/GME\">$GameStop(GME)$</a>&nbsp;pls short it below 70,i really want to buy another 100 shares","listText":"<a href=\"https://ttm.financial/S/GME\">$GameStop(GME)$</a>&nbsp;pls short it below 70,i really want to buy another 100 shares","text":"$GameStop(GME)$ pls short it below 70,i really want to buy another 100 shares","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9053784200","repostId":2241045938,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9053785733,"gmtCreate":1654589726622,"gmtModify":1676535474566,"author":{"id":"4089461104605170","authorId":"4089461104605170","name":"MSTAN","avatar":"https://static.itradeup.com/news/1d0ff53a35c30afecbd1fa0c5ed59f07","vip":1,"crmLevel":5,"crmLevelSwitch":0,"authorIdStr":"4089461104605170","idStr":"4089461104605170"},"htmlText":"👌👌","listText":"👌👌","text":"👌👌","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9053785733","repostId":2241045938,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9053717872,"gmtCreate":1654587792196,"gmtModify":1676535474350,"author":{"id":"3581300860041667","authorId":"3581300860041667","name":"Teddbeh","avatar":"https://static.tigerbbs.com/eef915760b9cfb2d142f09a4e2b4bd3b","vip":1,"hat":"https://static.tigerbbs.com/6444b4970948c1077534c593eccd6d16","crmLevel":2,"crmLevelSwitch":1,"authorIdStr":"3581300860041667","idStr":"3581300860041667"},"htmlText":"AMC to the moon","listText":"AMC to the moon","text":"AMC to the moon","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9053717872","repostId":2241045938,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9053715459,"gmtCreate":1654587533271,"gmtModify":1676535474305,"author":{"id":"3574829542362702","authorId":"3574829542362702","name":"gamestonk","avatar":"https://community-static.tradeup.com/news/f21dc7e592a8f6ddf386be8f5221ec26","vip":1,"crmLevel":2,"crmLevelSwitch":1,"authorIdStr":"3574829542362702","idStr":"3574829542362702"},"htmlText":"[NosePick]&nbsp;","listText":"[NosePick]&nbsp;","text":"[NosePick]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9053715459","repostId":2241045938,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9053735272,"gmtCreate":1654585525896,"gmtModify":1676535473638,"author":{"id":"3572818862863069","authorId":"3572818862863069","name":"Zayar","avatar":"https://static.tigerbbs.com/3c8b3b910500bf646562f3cb479bc9db","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3572818862863069","idStr":"3572818862863069"},"htmlText":"Short it then&nbsp;","listText":"Short it then&nbsp;","text":"Short it then","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9053735272","repostId":2241045938,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9053732776,"gmtCreate":1654585459895,"gmtModify":1676535473631,"author":{"id":"3563258353481311","authorId":"3563258353481311","name":"Disiaosiao","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"hat":"https://static.tigerbbs.com/0a8758340a08196056f8bc1e54805193","crmLevel":5,"crmLevelSwitch":0,"authorIdStr":"3563258353481311","idStr":"3563258353481311"},"htmlText":"Suddenly said retailers already close out their positions, now saying retailers still there but fatigue.HahahhahaShorts will pay the ultimate price — BANKRUTCY","listText":"Suddenly said retailers already close out their positions, now saying retailers still there but fatigue.HahahhahaShorts will pay the ultimate price — BANKRUTCY","text":"Suddenly said retailers already close out their positions, now saying retailers still there but fatigue.HahahhahaShorts will pay the ultimate price — BANKRUTCY","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9053732776","repostId":2241045938,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9053732838,"gmtCreate":1654585401024,"gmtModify":1676535473612,"author":{"id":"3585361413732704","authorId":"3585361413732704","name":"michaelchan8","avatar":"https://community-static.tradeup.com/news/6fc3165fdf6e1ba1ae2afd05cb876b1d","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":4,"crmLevelSwitch":0,"authorIdStr":"3585361413732704","idStr":"3585361413732704"},"htmlText":"Sounds like a trap to lure people to short it. Be reminded that the loss is infinite.","listText":"Sounds like a trap to lure people to short it. Be reminded that the loss is infinite.","text":"Sounds like a trap to lure people to short it. Be reminded that the loss is infinite.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9053732838","repostId":2241045938,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9053732343,"gmtCreate":1654585352682,"gmtModify":1676535473608,"author":{"id":"3585361413732704","authorId":"3585361413732704","name":"michaelchan8","avatar":"https://community-static.tradeup.com/news/6fc3165fdf6e1ba1ae2afd05cb876b1d","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":4,"crmLevelSwitch":0,"authorIdStr":"3585361413732704","idStr":"3585361413732704"},"htmlText":"Fud article. What fatigue is the author talking about lol. It costs nothing to hold.","listText":"Fud article. What fatigue is the author talking about lol. It costs nothing to hold.","text":"Fud article. What fatigue is the author talking about lol. It costs nothing to hold.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9053732343","repostId":2241045938,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9053706026,"gmtCreate":1654581015866,"gmtModify":1676535472995,"author":{"id":"4087361572396550","authorId":"4087361572396550","name":"ValuInvestor","avatar":"https://static.tigerbbs.com/5a962911d3cd0763a9f0cb01392cacd9","vip":1,"crmLevel":4,"crmLevelSwitch":0,"authorIdStr":"4087361572396550","idStr":"4087361572396550"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9053706026","repostId":2241045938,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":82,"commentSize":13,"repostSize":0,"favoriteSize":1,"likeStatus":false,"favoriteStatus":false}}