Short Interest Report: AMC Short Interest Slides While That Of Workhorse Spikes

Chart, Trading, Courses, Forex, Analysis

Using the data from our partner Ortex.com, which utilizes the latest information from stock lenders to estimate short interest changes for thousands of publicly traded companies, this update will screen for some of biggest changes in short interest as a percentage of free float and days-to-cover ratios. This report will also continue to layer the short interest data on some of the more volatile and heavier-traded names of the week. Based on the availability of data from Ortex, the report will continue to track the trading period that covers prior Friday through Thursday of this week.

As a basis of comparison, the S&P 500 index was up 1.1%, the Russell 2000 index was up 1.4%, the Russell 1000 Growth ETF (IWF) was up 3.0%, and the Russell 1000 Value ETF (IWD) was down 0.3% in the period range.

AMC ENTERTAINMENT SHORT INTEREST DOWN TO TWO-MONTH LOWS

After a wild week of trading in the prior five-day period, which saw shares of high-profile “meme stock” AMC Entertainment (AMC) double for the second week in a row, volatility and volume were both less pronounced as retail investor focus shifted to other names such as Clover Health (CLOV) and Wendy’s (WEN). The estimated short interest in AMC shares also slid to as low as 11% - a two and a half month low – before ending Thursday down six percentage points from prior week at 11.8%. Similarly, the days-to-cover ratio in the stock was cut in half to 0.5 from 1.04. Shares of AMC Entertainment were down 16.6% in the five-day trading period covered.

BED BATH & BEYOND SHORT INTEREST FALLS TO THREE-MONTH LOWS

In another instance of a notable decline, the estimated short interest in Bed Bath & Beyond (BBBY) retreated about ten percentage points for the week to finish Thursday at just below 30%.  The retrenchment follows short positioning hitting a four-month high above 40% last Tuesday.  Volume in Bed Bath & Beyond has also picked up thus far this month, particularly when the stock spiked over 60% last Wednesday. Shares of Bed Bath & Beyond were down 1.2% in the five-day trading period covered.

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