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.
發生的事情：阿隆在接受社交媒體財經評論員柯林斯(Trey Collins)採訪時説，3月份賣空股票數量(交易員押注AMC Entertainment股價將下跌)躍升約50%，至7,380萬股。柯林斯以Trey‘s Trades為用户名提供在線投資評論。
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擁有説該公司正在尋求股東批准出售5億股票。然而，據報道，Aron承諾，如果股東批准發行5億股新股，AMC在2021年將不會使用其中一股。相反，該公司將尋求在未來幾年出售這些股票。
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.
這位首席執行官補充説，如果AMC需要在短期內籌集現金，它已經獲得了出售4300萬股票的事先授權，這將足以讓公司度過危機，報告指出。
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.
報道稱，Aron還讚揚了今年1月將該股出價提高至每股20美元以上的表情包投資者，並與賣空者等“常規”市場參與者進行了鬥爭。
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：嚴重賣空的股票，如AMC娛樂公司和GameStop公司。紐約證券交易所代碼：GME)在散户投資者中很受歡迎。由於紅迪投資者論壇(Reddit Investor Forum r/WallStreetBets)的散户交易員抬高了股票價格，造成空頭擠壓，這些股票今年出現了極端的波動。AMC娛樂公司的股票今年以來的漲幅為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.
價格行動：AMC Entertainment股價週四收盤上漲近5.9%，至9.90美元。
Photo courtesy: Camknows via Flickr
圖片提供：CamKnow通過Flickr