Ortex is reporting 11.4M new shares borrowed against AMC on September 2nd 2021. With the day closing roughly flat, showing a tiny amount of green at $44.38 (up 1.5% on the day) and coming just after AMC pushed out of the long descending triangle that it’s been trading in over the last few weeks, it really looks like the hedgies are gearing up for one helluva battle, now that it really looks like AMC has the potential to go on the next leg of it’s squeeze up.

Shares Borrowed against AMC may mean new attack on stock

It’s worth pointing out that this doesn’t mean all the shares have been, or will be, shorted, but on the basis that there is a cost to borrow, it’s probably fair to say that the hedgies are planning a massive attack on the price over the next few days.

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