As the second quarter of 2022 comes to an end, AMC Stock has had a rocky start of the year to say the least. AMC currently sit at around $15 per share which although isn’t the $5 per share that the shorts wished they would have AMC Stock at currently but is still quite a far way off the all-time highs shareholders saw last year.
The AMC Stock retail investors known as the apes are still going head-to-head with the institutions shorting AMC stock waiting to see who will fold and give up first. With over one fifth of all AMC shares currently sold short, investors who bet against AMC are mostly still in the deep red, and this is even with AMC’s share price being suppressed so far this year.
AMC stock saw a few surges in share price throughout this year so far, and even with the share price bouncing around, the shares which are held short this year stood steady which shows that the shorts are still holding out collectively.
With numerous investment banks and hedge funds giving price targets for AMC stock at or around $5 per share, it’s clear that the short sellers are hoping for AMC to drop in price this year so they can close out of their short positions asap. The retail investors are doing whatever they can to combat this and only time will tell who can hang on longer!
AMC STOCK Q3
AMC’S Q3 STARTS OUT BIG – RECORD BREAKING REVENUE
Q3 is starting out with record numbers this year. The film Thor: Love and Thunder was able to help AMC theaters draw in 5.9 million guests over the weekend. AMC’s admissions revenue was double of what it was last year on the same weekend. Thor brought in $143 million in North America alone and brought in another $159 million globally. On August 4th AMC Entertainment will announce their Q2 earnings for 2022. AMC’s earnings show that movie theaters are still very much so a popular activity for people across the world. After all, what’s better than going to see a good movie, with good company and have some fresh buttered popcorn while doing so?