Cinemark Holdings Inc. (CNK) Social Stream
Featured Post From StockTwits About CNK
$AMC Short interest is nearly at all time high, which was early June. Utilization at that time was higher than this, about 98-99%, but this 19% short interest is ridiculous. Popukar fundamental plays like Tesla ($TSLA) SI is ~3% or Apple ($appl) is .17%. In the theater industry, Cinemark ($CNK) is also high at ~22% however utilization is ~30% and 88% held by institutional investors.tw0369, published August 13, 2021
The story isn't over. It is still actively being written. Shorts are still fighting to drive the price down while screaming about fundamentals. Support from long positions is pushing back and calling for market transparency and stronger enforcement and regulations against malicious shorting and other nefarious actions in the stock market. Shorts might believe they are protecting investors from the market, but their methods are unjust and unfair. The means do not support the ends. People buy the stock because they like it and believe in a higher value. Let it ride. Tough luck if you chose the wrong side.