AMC Entertainment Holdings Inc (NYSE: AMC) shares are trading higher Thursday afternoon, lifted by renewed enthusiasm in GameStop stock.
In January 2021, there was a surge in buying of crypto and NFTs, but perhaps the most in-vogue assets at the time were extremely high short interest names like GameStop and AMC Entertainment ...
Investors shorting the meme stock AMC Entertainment are estimated to have lost $1.23 billion over the last week as the shares rallied more than 116% since Monday, according to data from S3 Partners.
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