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Reason: None provided.

Link to the SEC report from Gary Gensler's team

https://www.sec.gov/files/staff-report-equity-options-market-struction-conditions-early-2021.pdf

GME exceeeded the float all the way back in January (god only knows how over shorted it is now) while AMC only hit 11% in January. Maybe it's higher now, but no way high enough to make a short squeeze possible.

Anyone still holding AMC really need to switch it out

The report also makes it clear that data from January is not consitent with shorts closing, or a gamma squeeze - the price spike was entirely from natural buy pressure. This confirms what we already knew from our own independant research - the shorts never closed and that the play is still on.

2 years ago
2 score
Reason: Original

Link to the SEC report from Gary ghenseler's team

https://www.sec.gov/files/staff-report-equity-options-market-struction-conditions-early-2021.pdf

GME exceeeded the float all the way back in January (god only knows how over shorted it is now) while AMC only hit 11% in January. Maybe it's higher now, but no way high enough to make a short squeeze possible.

Anyone still holding AMC really need to switch it out

The report also makes it clear that data from January is not consitent with shorts closing, or a gamma squeeze - the price spike was entirely from natural buy pressure. This confirms what we already knew from our own independant research - the shorts never closed and that the play is still on.

2 years ago
1 score