AMC Entertainment stock ( NYSE:AMC ) has seen episodes of short selling, short covering, and plain old buying and selling since its debut as a “meme stock” in early 2021.
Is it possible that continuous short selling in AMC will result in a rebound owing to covering or a short squeeze? Or does it imply a contrarian opinion along the lines of “It’s so horrible, it can only get better”? Or are the short sellers accurately predicting that AMC’s near-term future resembles a grim movie?
Market Analysis of AMC Stock
AMC stock ( NYSE:AMC ) short-interest ratio is at 2.4 . That is the number of days it would take to cover and close the total number of shares sold short.
The short interest rate is published twice a month. The most current short proportion of AMC stock ( NYSE:AMC ) is 19.14%, a 1.1% decrease from the previous report in mid-September.
So, what does this imply about the stock’s current prospects? Even though the proportion of shares shorted is significantly lower, there are several reasons to be pessimistic about the company.
Many other stocks would struggle to match such a bleak, unbroken run of price falls. Sure, AMC stock ( NYSE:AMC ) has had a few months of increases here and there, but as you can see, no rally has been able to last. Short sellers get the point of their efforts.
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