AMC Entertainment Holdings, Inc. (NYSE: AMC) recorded a dramatic drop in short interest during the month of May, signaling a notable shift in bearish sentiment toward the stock.
As of May 15th, short interest in the company totaled 63,294,412 shares, reflecting a steep decline from earlier in the month.
That figure represents a 40.4% decrease compared to the April 30th total of 106,232,769 shares sold short.
The sharp reduction in short positions highlights a meaningful change in how traders are approaching the stock over a relatively brief period.
Based on an average daily trading volume of 28,248,546 shares, the days-to-cover ratio currently sits at 2.2 days.
The days-to-cover ratio measures how long it would take short sellers to exit their positions based on average daily volume.
Approximately 10.4% of AMC Entertainment’s total outstanding shares remain sold short as of the most recent reporting period.
While the short interest percentage remains notable, the dramatic month-over-month decline suggests a significant number of bearish traders have closed out their positions.
The reduction in short interest of more than 40 million shares over a two-week stretch is among the more pronounced shifts seen in the stock recently.
AMC Entertainment Holdings continues to trade on the New York Stock Exchange under the ticker symbol AMC, attracting ongoing attention from both retail and institutional market participants.