AMC - Possible Short Sqeeze Coming!
This looks like a bottom for AMC. The shorts aren't running yet, but it looks like it's setting up to squeeze them.
The financials are still horrible, but this is just a technical play on a meme stock.
This is the key to this play: AMC Hldgs's short percent of float has risen 7.31% since its last report. The company recently reported that it has 53.05 million shares sold short, which is 13.94% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.53 days to cover their short positions on average.
Remember: there's a debt conversion to stock at $5.66 so if it does get to $5.55 reverse and go short.
This is not investment advice, I'm just a village idiot that likes to think out loud.
The financials are still horrible, but this is just a technical play on a meme stock.
This is the key to this play: AMC Hldgs's short percent of float has risen 7.31% since its last report. The company recently reported that it has 53.05 million shares sold short, which is 13.94% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.53 days to cover their short positions on average.
Remember: there's a debt conversion to stock at $5.66 so if it does get to $5.55 reverse and go short.
This is not investment advice, I'm just a village idiot that likes to think out loud.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.