AMC Entertainment (AMC) Stock Sees a Growing Short Interest

The AMC stock price fluctuated between $29.4 and $31.91 throughout the trading session with the volume trading being 68M shares, which represented a negative variation when compared to the three months average volume of 178M shares.

The share price of AMC Entertainment Holdings, Inc. (NYSE:AMC) dipped -0.63% to close Wednesday’s market session at $31.55, lower as compared to yesterday’s close which brings the market valuation of the company to $16.2B.

The 52-week high for the AMC Entertainment Holdings, Inc.’s shares is $72.62. That puts it -56.55% from that peak but still a massive gain since the share price dropped to a 52-week low of $1.91, while the S&P 500’s share price change was of 33%.

What does the trading volume tell us about the AMC stock?

During the last trading session, AMC Entertainment Holdings, Inc. (NYSE:AMC) has seen growth in its daily volume. The daily volume was of 178M, while in the last 10 days the average was 80.64M and last three months – 177.79M.

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Growing short interest

The AMC Entertainment Holdings, Inc.’s shares are seeing an increasing short interest compared to the previous month. As of today, there are 102.3M shares being shorted which translates into 0.67 of a short ratio for AMC, while in the previous month the shorted shares were 87.55M.

AMC Entertainment Holdings, Inc.’s (NYSE:AMC) financials

With a market cap of 16.2B, AMC Entertainment Holdings, Inc. holds a total cash of $813.1M that translates into $1.81 per share, while the total debt is of $11.05B.

The company has seen a decrease in the revenue with a year-over-year quarterly revenue growth percentage of -84.20%. The current revenue is of $449.2M that is $2.35 per share.

This is a not so good sign for the future.