You see, dear Apes, it seems that the folks over at AMC Entertainment Holdings, Inc. (AMC) are having a bit of a moment right now. And by “moment,” we mean that their stock price has been Moving nicely on the monthly timeframe causing a lot of short sellers to worry!
The Cost to borrow AMC Stock has been skyrocketing!
As of the latest there were 250,000 shares available with a fee of 30.31%.
If the CTB keeps increasing, the shorts could find themselves in a situation where it might be time to cover. Just imagine all those poor short sellers, frantically trying to cover their positions as AMC’s stock price continues to climb higher and higher. It’s like watching a slow-motion train wreck in real-time.