AMC 'under attack' from short sellers again, CEO says
AMC 'under attack' from short sellers again, CEO says
AMC Entertainment Holdings Inc. (NYSE:AMC) CEO Adam Aron said that the movie theatre chain is once again “under attack” from short sellers after having avoided bankruptcy last year, Bloomberg reported Thursday.
What Happened: In an interview with social-media finance commentator Trey Collins, Aron said that the volume of short sales — bets made by traders that AMC Entertainment’s stock will fall — jumped about 50% to 73.8 million shares in March. Collins offers online investment commentary under the username Trey’s Trades.
发生的事情：阿隆在接受社交媒体财经评论员柯林斯(Trey Collins)采访时说，3月份卖空股票数量(交易员押注AMC Entertainment股价将下跌)跃升约50%，至7,380万股。柯林斯以Trey‘s Trades为用户名提供在线投资评论。
AMC has said it is seeking shareholder approval to sell 500 million shares. However, Aron reportedly pledged that if shareholders approve the authorization for 500 million new shares to be issued, AMC will not use even one of those shares in the calendar year 2021. Instead, the company will seek to sell those shares in the coming years.
AMC拥有说该公司正在寻求股东批准出售5亿股票。然而，据报道，Aron承诺，如果股东批准发行5亿股新股，AMC在2021年将不会使用其中一股。相反，该公司将寻求在未来几年出售这些股票。
The CEO added that if AMC needed to raise cash in the short term, it already has a prior authorization to sell 43 million shares that will be sufficient to get the company through the crisis, the report noted.
这位首席执行官补充说，如果AMC需要在短期内筹集现金，它已经获得了出售4300万股票的事先授权，这将足以让公司度过危机，报告指出。
Aron also praised the meme investors who bid the stock up to more than $20 a share in January this year and fought against “conventional” market participants such as short sellers, according to the report.
报道称，Aron还赞扬了今年1月将该股出价提高至每股20美元以上的表情包投资者，并与卖空者等“常规”市场参与者进行了斗争。
Why It Matters: Shares of heavily shorted stocks such as AMC Entertainment and GameStop Corp. (NYSE:GME) have been popular among retail investors. The stocks have seen extreme volatility this year as retail traders belonging to the Reddit Investor forum r/WallStreetBets bid up the stocks to create a short squeeze. AMC Entertainment’s stock has returned year-to-date gains of 366.9%.
重要的原因：严重卖空的股票，如AMC娱乐公司和GameStop公司。纽约证券交易所代码：GME)在散户投资者中很受欢迎。由于红迪投资者论坛(Reddit Investor Forum r/WallStreetBets)的散户交易员抬高了股票价格，造成空头挤压，这些股票今年出现了极端的波动。AMC娱乐公司的股票今年以来的涨幅为366.9%。
AMC struggled last year as the closure of theatres forced the company into a cash crunch. The company, which reopened 98% of its locations in March, now expects the release of blockbuster movie titles in the coming months to boost sales this year.
It was reported in March that AMC is likely getting discounts on film-rental fees from AT&T Inc.’s (NYSE:T) subsidiary WarnerMedia. A discount on film-rental fees, which usually account for a huge share of a theatre chain’s costs, could boost AMC’s gross margins.
Price Action: AMC Entertainment shares closed almost 5.9% higher on Thursday at $9.90.
价格行动：AMC Entertainment股价周四收盘上涨近5.9%，至9.90美元。
Photo courtesy: Camknows via Flickr
图片提供：CamKnow通过Flickr