Another $AMC post! Many of you have seen this graphic which purports to explain why you have to hold until Thursday. It’s entirely non-sensical and doesn’t mean what they are telling you.

1. The exchanges report short interest two times a month. The data is as of the 15th and last trading days of the month and released to public 12 days later.

2. All this means is that as of 12/31 there were 38M shares $AMC short and as of 12 days later when it was disseminated the price was $2.20. As of 1/15/21 there were 44M shares short and as of 12 days later when it was disseminated the price was $8.63.

3. Days to cover just how many days volume it takes to cover the short interest. Generally for a short squeeze you want a high number. 0.6 days isn’t great for a squeeze. (But it doesn’t mean much. GME days to cover got very low while price was skyrocketing. It’s just volume)

4. $8.63 means NOTHING. It’s not the average short price. It’s the price on the day the short interest report comes out.
-The shares short in the report aren’t cumulative. 12/31 there were 38M shares short. 1/15 there were 44M shares short.

5. Bottom line- shorts don’t expire (though they can get expensive) days to cover is just a statistic and doesn’t mean anyone has to do anything, short reports aren’t cumulative and there’s no upcoming short covering catalyst as $AMC short interest as % of float is only 11%