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2021-05-28
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AMC and GameStop Lead a Meme Stock Rally. Why Analysts Aren’t Focused on Reddit, Potential Short Squeezes.<blockquote>AMC 和游戏驿站引领模因股票反弹。分析师为何不关注 Reddit、潜在的空头挤压。</blockquote>
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Why Analysts Aren’t Focused on Reddit, Potential Short Squeezes.<blockquote>AMC 和游戏驿站引领模因股票反弹。分析师为何不关注 Reddit、潜在的空头挤压。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1157159209","media":"Barrons","summary":"Shares of AMC Entertainment and GameStop posted double-digit jumps on Wednesday, continuing a rally ","content":"<p>Shares of AMC Entertainment and GameStop posted double-digit jumps on Wednesday, continuing a rally that highlights two radically different approaches to stocks: that of the retail traders chatting online about the potential for short squeezes, and traditional Wall Street research. The so-called meme-stock duo, generally panned by Wall Street analysts but loved on forums like Reddit’s WallStreetBets and AMCStock, have advanced mostly in tandem in the past month. AMC stock (ticker: AMC) was up 19% to $19.56 Wednesday afternoon, while GameStop (GME) gained 16% to $242.32. Shares of fellow meme stocks Express (EXPR) and BlackBerry (BB) had surged 26% and 10%, respectively.</p><p><blockquote>AMC院线和游戏驿站的股价周三出现两位数上涨，延续了涨势，凸显了两种截然不同的股市方法：散户交易员在网上聊天谈论空头挤压的可能性，以及传统的华尔街研究。这对所谓的备忘录股票二人组普遍受到华尔街分析师的批评，但在 Reddit 的 WallStreetBets 和 AMCStock 等论坛上却备受喜爱，在过去一个月里，它们的涨幅大多是齐头并进的。周三下午，AMC 股票（股票代码：AMC）上涨 19%，至 19.56 美元，游戏驿站 (GME) 上涨 16%，至 242.32 美元。同为模因的股票快递 (EXPR) 和黑莓 (BB) 的股价分别飙升 26% 和 10%。</blockquote></p><p> For AMC, the latest jump came despite a change in view by the only analyst tracked by FactSet who had listed the stock at Buy. B. Riley analyst Eric Wold lowered his rating to Neutral, saying in a research note the stock’s recent surge left it well above his recently set $16 target for the price. He added that he didn’t think he could justify moving that target higher, given that the price now reflected AMC’s potential to benefit as vaccinations allow the public to go to the movies,the fact that theaters remain important in film distribution,and the company’s efforts to strengthen its balance sheet.</p><p><blockquote>对于 AMC 来说，尽管 FactSet 追踪的唯一一位将该股列为买入的分析师的观点发生了变化，但最新的上涨还是发生了。B. Riley 分析师埃里克-沃尔德（Eric Wold）将其评级下调至中性，并在一份研究报告中称，该股最近的飙升使其远高于他最近设定的 16 美元目标价。他补充说，他认为自己没有理由将这一目标提高，因为现在的价格反映了 AMC 的潜力，因为疫苗接种让公众可以去看电影，影院在电影发行中仍然很重要，以及公司为加强资产负债表所做的努力。</blockquote></p><p> Of course, given that the shares are moving in line with GameStop and other meme stocks, there are likely other factors at play. Both AMC and GameStop stock were highly shorted by Wall Street firms who saw a chance to benefit as pandemic-related shutdowns worsened problems the pair faced before Covid-19 emerged.</p><p><blockquote>当然，鉴于该股的走势与游戏驿站和其他模因股票一致，可能还有其他因素在起作用。华尔街公司大幅做空了 AMC 和游戏驿站的股票，这些公司看到了从中受益的机会，因为与大流行相关的停工加剧了这两家公司在 Covid-19 出现之前面临的问题。</blockquote></p><p> That backfired tremendously early this year as retail investors bought the stocks, forcing the funds to buy as well to close out their negative bets. Prices skyrocketed.</p><p><blockquote>今年早些时候，随着散户投资者购买这些股票，这产生了巨大的适得其反的效果，迫使基金也买入并平仓负面押注。价格飙升。</blockquote></p><p> Ihor Dusaniwsky, managing director at short selling analytics firm S3 Partners, told<i>Barron’s</i>short sellers were collectively down $6.7 billion in year-to-date losses on GameStop, including $382.7 million on Wednesday, alone. AMC short sellers were down $1.37 billion year to date, including $290.7 million on Wednesday.</p><p><blockquote>卖空分析公司 S3 Partners 董事总经理 Ihor Dusaniwsky 表示<i>巴伦</i>今年迄今为止，卖空者在游戏驿站上的损失总共减少了 67 亿美元，其中仅周三就减少了 3.827 亿美元。今年迄今为止，AMC 卖空者减少了 13.7 亿美元，其中周三减少了 2.907 亿美元。</blockquote></p><p> S3 Partners estimates GameStop short interest sits at 11.55 million shares, or 20.3% of the shares available for trading. For AMC, S3 estimates a short interest of 92.29 million shares, or 20.6%. Dusaniwsky notes that both stocks still possess a high potential for a bigger squeeze, though it will depend on price moves.</p><p><blockquote>S3 Partners 估计游戏驿站空头权益为 1155 万股，占可供交易股份的 20.3%。对于 AMC，S3 估计空头权益为 9,229 万股，即 20.6%。杜萨尼夫斯基指出，这两只股票仍然具有更大的挤压潜力，尽管这将取决于价格走势。</blockquote></p><p> “We have started to see some short covering in GME as mark-to-market losses mount on the short side,” Dusaniwsky said. “AMC short sellers are still adding to their positions, albeit slightly, even though AMC’s stock price has been rallying.”</p><p><blockquote>“杜萨尼夫斯基说：”随着空头按市值计算的亏损加剧，我们开始看到 GME 出现一些空头回补。“尽管 AMC 的股价一直在上涨，但 AMC 的卖空者仍在加仓，尽管幅度不大。”</blockquote></p><p> The stocks’ passionate fans, meanwhile, have themselves become a shareholder constituency,as AMC CEO Adam Aron characterized them on the company’s earnings call earlier this month. The Reddit users see themselves as fighting a battle against Wall Street insiders that they believe rig markets against the average investor.</p><p><blockquote>与此同时，正如 AMC 首席执行官亚当-阿伦（Adam Aron）在本月早些时候公司财报看涨期权上所描述的那样，这些股票的狂热粉丝自己也成为了股东的选民。Reddit 用户认为自己正在与华尔街内部人士进行斗争，他们认为华尔街内部人士操纵市场，对抗普通投资者。</blockquote></p><p> Wold, the B. Riley analyst, told<i>Barron’s</i>that while the latest move for AMC has included nonfundamental factors, such as the potential for a short squeeze, he does believe investors are now more upbeat about its ability to avoid bankruptcy. Recent sales of stock have strengthened its balance sheet, he said.</p><p><blockquote>B. Riley 分析师沃尔德表示<i>巴伦</i>尽管 AMC 的最新举措包括非基本面因素，例如挤空的可能性，但他确实相信投资者现在对其避免破产的能力更加乐观。他说，最近的股票出售增强了其资产负债表。</blockquote></p><p> “It’s always difficult to comment repeatedly on any social media aspects that may or may not be influencing a stock price, but in this case, it was one that likely helped to take AMC to a place of surviving the pandemic vs. facing liquidation scenarios,” Wold said. “And with the number of retail investors likely now eclipsing the number of institutional investors through the various [at-the-market] equity programs in recent months, it makes sense that it’s becoming an increasing area of interest with the AMC story and to AMC management in general.”</p><p><blockquote>“沃尔德说：”我们总是很难反复评论任何可能会或可能不会影响股价的社交媒体方面，但在这种情况下，它很可能有助于 AMC 在大流行病中幸存下来，而不是面临清算的情况。“近几个月来，通过各种[场内]股票计划，散户投资者的数量可能会超过机构投资者的数量，因此，AMC 的故事和整个 AMC 管理层越来越感兴趣的领域也就不足为奇了。”</blockquote></p><p> Wedbush analyst Michael Pachter, who has a Sell rating and $39 price target on GameStop, likened the situation for Wall Street to a radiologist diagnosing a cancer, but not its cause. He said he is paid to tell investors what a company will earn in the future, but it is their job to figure out entry and exit points.</p><p><blockquote>Wedbush 分析师 Michael Pachter 在游戏驿站上给予卖出评级，目标价为 39 美元，他将华尔街的情况比作放射科医生诊断癌症，但没有诊断癌症的病因。他说，他的报酬是告诉投资者一家公司未来会赚多少钱，但他们的工作是弄清楚进入点和退出点。</blockquote></p><p> “Yes, there are a lot of analysts who play along and have crazy high targets for momentum darlings, but I use comps to value the companies I cover,” he said. “If the comp base isn’t going up, I don’t make an exception for the outlier. I am completely unconcerned about the impact of Reddit Raiders and the short squeeze, it has no impact on what GME or AMC will earn this year and next.”</p><p><blockquote>“他说：”是的，有很多分析师都在配合，并为势头宠儿设定了疯狂的高目标，但我用比较来评估我所报道的公司。“如果薪酬基数不上升，我不会为异常值例外。我完全不担心 Reddit Raiders 和空头挤压的影响，这对 GME 或 AMC 今明两年的盈利没有影响。”</blockquote></p><p> For now though, it is hard to argue against what potential short squeezes could mean for the stocks.</p><p><blockquote>但就目前而言，很难反驳潜在的空头挤压对股市意味着什么。</blockquote></p><p></p>","source":"lsy1601382232898","collect":0,"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>AMC and GameStop Lead a Meme Stock Rally. Why Analysts Aren’t Focused on Reddit, Potential Short Squeezes.<blockquote>AMC 和游戏驿站引领模因股票反弹。分析师为何不关注 Reddit、潜在的空头挤压。</blockquote></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: 12.5px; color: #7E829C; margin: 0;}\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\">\nAMC and GameStop Lead a Meme Stock Rally. Why Analysts Aren’t Focused on Reddit, Potential Short Squeezes.<blockquote>AMC 和游戏驿站引领模因股票反弹。分析师为何不关注 Reddit、潜在的空头挤压。</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-05-27 15:15</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Shares of AMC Entertainment and GameStop posted double-digit jumps on Wednesday, continuing a rally that highlights two radically different approaches to stocks: that of the retail traders chatting online about the potential for short squeezes, and traditional Wall Street research. The so-called meme-stock duo, generally panned by Wall Street analysts but loved on forums like Reddit’s WallStreetBets and AMCStock, have advanced mostly in tandem in the past month. AMC stock (ticker: AMC) was up 19% to $19.56 Wednesday afternoon, while GameStop (GME) gained 16% to $242.32. Shares of fellow meme stocks Express (EXPR) and BlackBerry (BB) had surged 26% and 10%, respectively.</p><p><blockquote>AMC院线和游戏驿站的股价周三出现两位数上涨，延续了涨势，凸显了两种截然不同的股市方法：散户交易员在网上聊天谈论空头挤压的可能性，以及传统的华尔街研究。这对所谓的备忘录股票二人组普遍受到华尔街分析师的批评，但在 Reddit 的 WallStreetBets 和 AMCStock 等论坛上却备受喜爱，在过去一个月里，它们的涨幅大多是齐头并进的。周三下午，AMC 股票（股票代码：AMC）上涨 19%，至 19.56 美元，游戏驿站 (GME) 上涨 16%，至 242.32 美元。同为模因的股票快递 (EXPR) 和黑莓 (BB) 的股价分别飙升 26% 和 10%。</blockquote></p><p> For AMC, the latest jump came despite a change in view by the only analyst tracked by FactSet who had listed the stock at Buy. B. Riley analyst Eric Wold lowered his rating to Neutral, saying in a research note the stock’s recent surge left it well above his recently set $16 target for the price. He added that he didn’t think he could justify moving that target higher, given that the price now reflected AMC’s potential to benefit as vaccinations allow the public to go to the movies,the fact that theaters remain important in film distribution,and the company’s efforts to strengthen its balance sheet.</p><p><blockquote>对于 AMC 来说，尽管 FactSet 追踪的唯一一位将该股列为买入的分析师的观点发生了变化，但最新的上涨还是发生了。B. Riley 分析师埃里克-沃尔德（Eric Wold）将其评级下调至中性，并在一份研究报告中称，该股最近的飙升使其远高于他最近设定的 16 美元目标价。他补充说，他认为自己没有理由将这一目标提高，因为现在的价格反映了 AMC 的潜力，因为疫苗接种让公众可以去看电影，影院在电影发行中仍然很重要，以及公司为加强资产负债表所做的努力。</blockquote></p><p> Of course, given that the shares are moving in line with GameStop and other meme stocks, there are likely other factors at play. Both AMC and GameStop stock were highly shorted by Wall Street firms who saw a chance to benefit as pandemic-related shutdowns worsened problems the pair faced before Covid-19 emerged.</p><p><blockquote>当然，鉴于该股的走势与游戏驿站和其他模因股票一致，可能还有其他因素在起作用。华尔街公司大幅做空了 AMC 和游戏驿站的股票，这些公司看到了从中受益的机会，因为与大流行相关的停工加剧了这两家公司在 Covid-19 出现之前面临的问题。</blockquote></p><p> That backfired tremendously early this year as retail investors bought the stocks, forcing the funds to buy as well to close out their negative bets. Prices skyrocketed.</p><p><blockquote>今年早些时候，随着散户投资者购买这些股票，这产生了巨大的适得其反的效果，迫使基金也买入并平仓负面押注。价格飙升。</blockquote></p><p> Ihor Dusaniwsky, managing director at short selling analytics firm S3 Partners, told<i>Barron’s</i>short sellers were collectively down $6.7 billion in year-to-date losses on GameStop, including $382.7 million on Wednesday, alone. AMC short sellers were down $1.37 billion year to date, including $290.7 million on Wednesday.</p><p><blockquote>卖空分析公司 S3 Partners 董事总经理 Ihor Dusaniwsky 表示<i>巴伦</i>今年迄今为止，卖空者在游戏驿站上的损失总共减少了 67 亿美元，其中仅周三就减少了 3.827 亿美元。今年迄今为止，AMC 卖空者减少了 13.7 亿美元，其中周三减少了 2.907 亿美元。</blockquote></p><p> S3 Partners estimates GameStop short interest sits at 11.55 million shares, or 20.3% of the shares available for trading. For AMC, S3 estimates a short interest of 92.29 million shares, or 20.6%. Dusaniwsky notes that both stocks still possess a high potential for a bigger squeeze, though it will depend on price moves.</p><p><blockquote>S3 Partners 估计游戏驿站空头权益为 1155 万股，占可供交易股份的 20.3%。对于 AMC，S3 估计空头权益为 9,229 万股，即 20.6%。杜萨尼夫斯基指出，这两只股票仍然具有更大的挤压潜力，尽管这将取决于价格走势。</blockquote></p><p> “We have started to see some short covering in GME as mark-to-market losses mount on the short side,” Dusaniwsky said. “AMC short sellers are still adding to their positions, albeit slightly, even though AMC’s stock price has been rallying.”</p><p><blockquote>“杜萨尼夫斯基说：”随着空头按市值计算的亏损加剧，我们开始看到 GME 出现一些空头回补。“尽管 AMC 的股价一直在上涨，但 AMC 的卖空者仍在加仓，尽管幅度不大。”</blockquote></p><p> The stocks’ passionate fans, meanwhile, have themselves become a shareholder constituency,as AMC CEO Adam Aron characterized them on the company’s earnings call earlier this month. The Reddit users see themselves as fighting a battle against Wall Street insiders that they believe rig markets against the average investor.</p><p><blockquote>与此同时，正如 AMC 首席执行官亚当-阿伦（Adam Aron）在本月早些时候公司财报看涨期权上所描述的那样，这些股票的狂热粉丝自己也成为了股东的选民。Reddit 用户认为自己正在与华尔街内部人士进行斗争，他们认为华尔街内部人士操纵市场，对抗普通投资者。</blockquote></p><p> Wold, the B. Riley analyst, told<i>Barron’s</i>that while the latest move for AMC has included nonfundamental factors, such as the potential for a short squeeze, he does believe investors are now more upbeat about its ability to avoid bankruptcy. Recent sales of stock have strengthened its balance sheet, he said.</p><p><blockquote>B. Riley 分析师沃尔德表示<i>巴伦</i>尽管 AMC 的最新举措包括非基本面因素，例如挤空的可能性，但他确实相信投资者现在对其避免破产的能力更加乐观。他说，最近的股票出售增强了其资产负债表。</blockquote></p><p> “It’s always difficult to comment repeatedly on any social media aspects that may or may not be influencing a stock price, but in this case, it was one that likely helped to take AMC to a place of surviving the pandemic vs. facing liquidation scenarios,” Wold said. “And with the number of retail investors likely now eclipsing the number of institutional investors through the various [at-the-market] equity programs in recent months, it makes sense that it’s becoming an increasing area of interest with the AMC story and to AMC management in general.”</p><p><blockquote>“沃尔德说：”我们总是很难反复评论任何可能会或可能不会影响股价的社交媒体方面，但在这种情况下，它很可能有助于 AMC 在大流行病中幸存下来，而不是面临清算的情况。“近几个月来，通过各种[场内]股票计划，散户投资者的数量可能会超过机构投资者的数量，因此，AMC 的故事和整个 AMC 管理层越来越感兴趣的领域也就不足为奇了。”</blockquote></p><p> Wedbush analyst Michael Pachter, who has a Sell rating and $39 price target on GameStop, likened the situation for Wall Street to a radiologist diagnosing a cancer, but not its cause. He said he is paid to tell investors what a company will earn in the future, but it is their job to figure out entry and exit points.</p><p><blockquote>Wedbush 分析师 Michael Pachter 在游戏驿站上给予卖出评级，目标价为 39 美元，他将华尔街的情况比作放射科医生诊断癌症，但没有诊断癌症的病因。他说，他的报酬是告诉投资者一家公司未来会赚多少钱，但他们的工作是弄清楚进入点和退出点。</blockquote></p><p> “Yes, there are a lot of analysts who play along and have crazy high targets for momentum darlings, but I use comps to value the companies I cover,” he said. “If the comp base isn’t going up, I don’t make an exception for the outlier. I am completely unconcerned about the impact of Reddit Raiders and the short squeeze, it has no impact on what GME or AMC will earn this year and next.”</p><p><blockquote>“他说：”是的，有很多分析师都在配合，并为势头宠儿设定了疯狂的高目标，但我用比较来评估我所报道的公司。“如果薪酬基数不上升，我不会为异常值例外。我完全不担心 Reddit Raiders 和空头挤压的影响，这对 GME 或 AMC 今明两年的盈利没有影响。”</blockquote></p><p> For now though, it is hard to argue against what potential short squeezes could mean for the stocks.</p><p><blockquote>但就目前而言，很难反驳潜在的空头挤压对股市意味着什么。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/amc-gamestop-meme-stock-squeeze-51622060656?mod=hp_LEAD_4\">Barrons</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"EXPR":"Express, Inc.","AMC":"AMC院线","BB":"黑莓","GME":"游戏驿站"},"source_url":"https://www.barrons.com/articles/amc-gamestop-meme-stock-squeeze-51622060656?mod=hp_LEAD_4","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1157159209","content_text":"Shares of AMC Entertainment and GameStop posted double-digit jumps on Wednesday, continuing a rally that highlights two radically different approaches to stocks: that of the retail traders chatting online about the potential for short squeezes, and traditional Wall Street research. The so-called meme-stock duo, generally panned by Wall Street analysts but loved on forums like Reddit’s WallStreetBets and AMCStock, have advanced mostly in tandem in the past month. AMC stock (ticker: AMC) was up 19% to $19.56 Wednesday afternoon, while GameStop (GME) gained 16% to $242.32. Shares of fellow meme stocks Express (EXPR) and BlackBerry (BB) had surged 26% and 10%, respectively.\nFor AMC, the latest jump came despite a change in view by the only analyst tracked by FactSet who had listed the stock at Buy. B. Riley analyst Eric Wold lowered his rating to Neutral, saying in a research note the stock’s recent surge left it well above his recently set $16 target for the price. He added that he didn’t think he could justify moving that target higher, given that the price now reflected AMC’s potential to benefit as vaccinations allow the public to go to the movies,the fact that theaters remain important in film distribution,and the company’s efforts to strengthen its balance sheet.\nOf course, given that the shares are moving in line with GameStop and other meme stocks, there are likely other factors at play. Both AMC and GameStop stock were highly shorted by Wall Street firms who saw a chance to benefit as pandemic-related shutdowns worsened problems the pair faced before Covid-19 emerged.\nThat backfired tremendously early this year as retail investors bought the stocks, forcing the funds to buy as well to close out their negative bets. Prices skyrocketed.\nIhor Dusaniwsky, managing director at short selling analytics firm S3 Partners, toldBarron’sshort sellers were collectively down $6.7 billion in year-to-date losses on GameStop, including $382.7 million on Wednesday, alone. AMC short sellers were down $1.37 billion year to date, including $290.7 million on Wednesday.\nS3 Partners estimates GameStop short interest sits at 11.55 million shares, or 20.3% of the shares available for trading. For AMC, S3 estimates a short interest of 92.29 million shares, or 20.6%. Dusaniwsky notes that both stocks still possess a high potential for a bigger squeeze, though it will depend on price moves.\n“We have started to see some short covering in GME as mark-to-market losses mount on the short side,” Dusaniwsky said. “AMC short sellers are still adding to their positions, albeit slightly, even though AMC’s stock price has been rallying.”\nThe stocks’ passionate fans, meanwhile, have themselves become a shareholder constituency,as AMC CEO Adam Aron characterized them on the company’s earnings call earlier this month. The Reddit users see themselves as fighting a battle against Wall Street insiders that they believe rig markets against the average investor.\nWold, the B. Riley analyst, toldBarron’sthat while the latest move for AMC has included nonfundamental factors, such as the potential for a short squeeze, he does believe investors are now more upbeat about its ability to avoid bankruptcy. Recent sales of stock have strengthened its balance sheet, he said.\n“It’s always difficult to comment repeatedly on any social media aspects that may or may not be influencing a stock price, but in this case, it was one that likely helped to take AMC to a place of surviving the pandemic vs. facing liquidation scenarios,” Wold said. “And with the number of retail investors likely now eclipsing the number of institutional investors through the various [at-the-market] equity programs in recent months, it makes sense that it’s becoming an increasing area of interest with the AMC story and to AMC management in general.”\nWedbush analyst Michael Pachter, who has a Sell rating and $39 price target on GameStop, likened the situation for Wall Street to a radiologist diagnosing a cancer, but not its cause. He said he is paid to tell investors what a company will earn in the future, but it is their job to figure out entry and exit points.\n“Yes, there are a lot of analysts who play along and have crazy high targets for momentum darlings, but I use comps to value the companies I cover,” he said. “If the comp base isn’t going up, I don’t make an exception for the outlier. I am completely unconcerned about the impact of Reddit Raiders and the short squeeze, it has no impact on what GME or AMC will earn this year and next.”\nFor now though, it is hard to argue against what potential short squeezes could mean for the stocks.","news_type":1,"symbols_score_info":{"AMC":0.9,"EXPR":0.9,"GME":0.9,"BB":0.9}},"isVote":1,"tweetType":1,"viewCount":917,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["JE"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":22,"subscribersOnly":false,"subscribersOnlyAccessible":false,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/134029765"}
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