"Just Like Bed Bath, there's no price where I'd be willing to own Upstart," Cramer said.īeyond Meat is another stock that has run over the last month or so, but the move is simply a result of high short interest in the name, Cramer said. Upstart is another stock that has surged in recent weeks, but Cramer said he "gasped at how bad" the company's earnings report was this week. Related Link: Troubled Bed Bath & Beyond Is The Target Of A Short Squeeze, Reddit Hype Gamestop is another short squeeze candidate, but GME stock trades around $100, making it more expensive to buy long shares and call options."Of course if they start issuing new shares, that resolves the short squeeze and sends the stock lower," he said. ConclusionĪMC stock is one of my favorite meme stocks to trade because you can make quick gains in a hurry. Would billionaires start buying stocks aggressively if they believed prices would crash even lower? My guess is absolutely not.
#Amc stock short squeeze plus#
I do believe much of this is already priced, plus billionaires are buying stocks at these current price levels. At current market prices, AMC stock could 2x or 3x from here, providing even larger gains for call option buyers.Īnother risk factor is that the stock market hasn't bottomed yet, and future Fed rate hikes could send stocks plummeting lower. I don't expect AMC shares to reach $60 again, but I believe $30 is a strong possibility over the next couple of weeks. Markets are down from the November 2021 highs, and many investors have either gotten out of the markets or panic sold their stocks at lower prices. It's unlikely that AMC stock will squeeze at such an aggressive pace this time around because retail stock market trading activity is much longer in 2022 when compared to last year. These short-sellers must return their shares by buying back the stock, which could cause the price to soar in a hurry. However, it appears as though institutions and retail investors noticed the high short interest and started buying AMC stock at around $10 per share. Their goal is to buy back the shares at a cheaper price to pocket the difference. Short-sellers borrow shares and then sell them to cause the price of a security to fall in price. High Short Interest Could Cause Another Short SqueezeĪMC is a prime candidate for another potential short squeeze due to its high short interest and number of shares on loan.Īccording to Ortex, AMC has a 21% short interest with 150 million shares on loan. Lots of institutional investors have bought AMC stock over the last few weeks, which could trigger an epic short squeeze leading up to Summer 2022. Ray Dialio's Bridgewater Capital purchased 21,700 AMC shares in Q1 2022 while the hedge fund sold its stake in Tesla ( TSLA).Īccording to Fintel, Goldman Sachs ( GS) increased its stake in AMC by 36%, to just over 3 million shares on May 16th. It looks like AMC has survived the toughest periods of the pandemic and could exceed Wall Street's expectations with such an impressive catalog of future releases coming up.Īlso, the company has made several key changes by accepting cryptocurrencies such as Bitcoin, acquiring 10 new theatres in key markets, investing $28 million in Hycroft Mining ( HYMC) and most recently purchasing a 6.8% stake in National Cinemedia ( NCMI).ĪMC's impressive performance has caught the attention of several high-profile Wall Street institutions, who have either opened a new position in AMC stock or increased their stake.
#Amc stock short squeeze movie#
The company has a strong catalog of movie releases throughout the rest of 2022 including: Overall theater attendance exceeded 39 million viewers during the quarter, while the average number of screens reached over 10 million.ĪMC released several key movies to start the year including: Adjusted EBITDA improved by $233 million to a loss of $61.7 million (Up 79.1%). What's more interesting is that AMC's short interest remains rather high and now institutions are buying up the stock left and right.Ĭould this be the beginning of another epic short squeeze in 2022? AMC's Strong Q1 2022 ResultsĪMC posted $785.7 million in Q1 2022 revenue (Up 529% YoY) while net losses hit $337.4 million (Up 229% YoY). The company recently posted its Q1 2022 earnings report with some interesting information about the positive rebound in movie theatre traffic and revenue.
However, meme stocks often fall as fast as they rise, and now AMC is currently down around 52% YTD. Savvy investors were targeting companies with high short interest to trigger a short squeeze on short-sellers and a gamma squeeze in the options market. ( NYSE: AMC) is well known for its role in the Gamestop short squeeze runup in 2021, where retail investors gathered on Reddit's WallStreetBets to send meme stocks to the moon.
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