AMC Entertainment Holdings Inc (AMC)

[Hattori Hanzo]

Covering does not happen in a vacuum, it’s gradual in the absence of an upside catalyst, which AMC will not be able to produce again. It drops, covering happens, subsequent pops are shorted again, and covered again on the next decline. Rinse and repeat. Example, shorts from 40 covered at 20, pops to 25, re-shorted and those 25s are covered at 18. So on and so forth. Profits are realized, borrow fees are minimized, and at the end of the bi-monthly reporting period, the short interest appears to hold steady, which makes people think the old 40 shorts are being held, when in reality they’ve been covered and shorted again several times since. Nobody is blindly holding a short position long term on meme trash, not after last spring