Short Interest Report: AMC Entertainment Shorts Sound Retreat

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This week, Bed Bath & Beyond short interest hit a three-month high and the AMC Entertainment short position was down sharply. As a basis of comparison, the S&P 500 index was down 2.1%, the Russell 2000 index was down 3.1%, the Russell 1000 Growth ETF (IWF) was down 3.2%, and the Russell 1000 Value ETF (IWD) was up 1.2% in the period range.

ESTIMATED SHORT INTEREST DOWN SHARPLY FOR AMC ENTERTAINMENT

The estimated short position in AMC Entertainment (AMC) highlights this week’s decliners, with the stock also spurring the broader market selling with a 42% rally during the five-day trading period covered. After peaking at 21.7% on Friday, short positioning declined to 19.8% for the past four trading sessions, with days-to-cover remaining little changed at 1.64.

BED BATH & BEYOND SHORT INTEREST HITS THREE-MONTH HIGH

Estimated short interest in Bed Bath & Beyond (BBBY) rose for the second consecutive week with an increase every day this week, rising 10.5 percentage points to 36.3%. Days-to-cover ratio also picked up significantly with a 19% increase to 3.30. Trading volume in the stock was still relatively mild. Shares of Bed Bath & Beyond were down 6.4% in the five-day trading period covered.

NATIONAL BEVERAGE SHORT INTEREST UP FOR THIRD WEEK

Estimated short position in National Beverage (FIZZ) briefly spiked from 27% to 34% before settling Friday at 32%. This marks the third consecutive rise in increased bearishness on the stock, with days-to-cover ratio also increasing by 19% to 3.05. Shares of National Beverage were down 4.8% in the five-day trading period covered.

STITCH FIX SHORT INTEREST AT HIGHEST LEVEL SINCE FEBRUARY

Estimated short position in Stitch Fix (SFIX) was also higher for the second consecutive week and now sits at a three-month high, rising another nine percentage points to 26.4%. Days-to-cover ratio slowly gained as well, rising to 2.7 from 2.3. The stock has been among the more volatile names this year with a late January high above $110 but has since been cut by nearly two thirds, with the most pronounced decline coming after its underwhelming earnings and guidance cut in early March. Shares of Stitch Fix were up 4.7% in the five-day trading period covered.

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