Otherwise, retail investors could be creating an escape route for short sellers and a playground for day traders. If this is the case, we’ll need to start seeing more buying pressure and less selling.
If that’s the play, hypothetically speaking, then the ones benefiting from apes holding are day traders and some shorts. What’s to say the $30 level isn’t being used to cover small positions, driving the share price back up to $40 and rinse and repeat? We’ve been trading sideways for quite some time now. One could argue that this small drop in short interest could be due to very small short covering, thus bringing the share price back up to $40 from the $30 level. We’ve also seen AMC’s share price trade between the low $30s to low $40s. We’ve seen AMC’s short interest come down 3.7% to its current 16.27% from a peak of 20% in the span of 5 months. There’s not much data that ties AMC’s current share price to short covering. That’s a 72x market cap growth in a year making a 17x market cap surge up to $721.04 per share rather feasible.Ĭommunity, a move up to the high hundreds seems fundamental to me.Įspecially considering big shorts have not covered. 14, 2021) earlier this year, via CompaniesMarketCap. Here are a few companies with similar market caps:ĪMC’s market cap was worth $300m (Nov. Now, keep in mind synthetics/naked shares aren’t being calculated and I’ll get more into this later. $370b market cap ÷ 513.145 million outstanding shares = $721.04 per share.ĪMC’s market cap would have to be almost 17x more than it’s current market cap. Let’s calculate AMC’s share price at a $370b dollar market cap just for comparison. When Volkswagen’s short squeeze price reached 1005 euros, the market cap was worth $296b euros, or $370b dollars, via Reuters. Let’s get started! Measuring AMC’s Market Cap For Squeeze PotentialĪMC’s current market cap is approximately $21.86b with a share price of $42.60 (11.16).
Today we’re going over AMC’s short squeeze price potential. Welcome to – the blog that fights for retail investors. They ranged from $1,000 to $10,000 and even $100,000 and $500,000 per share.Īnd, could AMC’s short squeeze price even be higher?
We heard many numbers get thrown out there earlier this year. Retail investors often wonder how high AMC’s short squeeze price potential could be.
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