The short seller thesis for AMC Entertainment or AMC Stock from the start of 2021 has been that the movie theaters are obsolete and that they are going to see a huge decline in traffic and gross sales which could make the stock a good target to short, but this new data that has surfaced paints a different picture all together.
The data below from Box office mojo shows AMC’s Domestic Yearly Box Office from the past 10 years.
The data that seems to stick out is the total gross income for each calendar year. This data does in fact showcase that AMC has had a rough last few years, due to the lockdowns and everything that came along with that.
The data that is shocking though is the Average per movie amount column.
This simply shows that even though AMC’s top line gross income might not be where it once was, the average per movie has skyrocketed and even higher than any of the last 10 years.
Does this average # alone put the short seller’s thesis to rest once and for all?