AMC's Record-Breaking Borrow Rates and Short Interest Ignite a Bullish Rally
Introduction: The theater of finance has witnessed an awe-inspiring spectacle as AMC Entertainment (AMC) defies all odds, driven by record-breaking statistics that have sent shockwaves through Wall Street. With borrow rates soaring to over 974% for a remarkable 15-day period, and even breaking past 1,000%, AMC is leaving short sellers in a state of panic. Despite the headlines swirling around the court case and Zurn's opinion, the true driving force behind AMC's recent rally is its record high short interest of 28.8%, accounting for a staggering 148 million shares out of its 500 million float. Additionally, the alarming number of Failure-to-Deliver (FTD) issues and its persistent status on the threshold securities list for over 20 days are further propelling AMC's bullish momentum. It's high time we shift the focus to the data and recognize the real factors fueling AMC's incredible price action. Record-Breaking Borrow Rates and Short Interest: AMC's story unfo...