What's going on moong as we're kicking off the third full trading week of april, there's some pretty interesting things going on with both amc and gamestop in this video i'll be going over some of the fundamental updates, the skyrocketing short interest numbers and make sure you stick Around until the end, because i'll be doing a very quick technical breakdown of both amc and jamie, so we know what price levels to watch when the stock market reopens tomorrow on april 20th, before we get into this video. Just so you know, i'm filming this right. After the market closed on april 19th, the gme closed out the day at 1.6437, which means it gained 6.26 percent and amc closed out the day at 966, which means it gained 3.54. Obviously, it's awesome that both of these stocks were in the green on the day, but when we're about to see the increase in short interest numbers, i would argue that it's even more impressive, because the short interest numbers, especially in gamestop, had a considerable jump today.

Uh before we get into that, though, just to know this trading platform that you're seeing in front of you is weeble. If you want to sign up and get two free stocks, all you have to do is check out that link to weeble. In the description of this video all right, so let's hop into it um. Let's kick it off with amc um, just a little bit of bullish, positive sentiment, news new york movie theaters can uh raise capacity to 33.

The governor announced new rona safety guidelines which raised the limit from 25 so as we're returning to this new normal, pretty good for movie theaters um, especially with new york, being one of the key states for amc. As we see that capacity up, it's pretty safe to assume that, on top of that uh amc's bottom line, the revenues will also go up in terms of gamestop two quick things. So i think there was two things uh, prompting the excitement in gamestop's stock. Today, the ceo george sherman to resign in coming months.

We knew this, but i think over the weekend the news was kind of spreading um. His replacement has not been announced yet, but right now we kind of know with ryan uh ryan cohen, becoming a chairman uh. He he's been involved with gamestop for a bit, but more recently he's gaining more and more power he's clearly taking kind of direction of the company making it into that e-commerce juggernaut for the esports sector um. I think it's pretty cool and i'm excited to find out who the new ceo is, but on top of that shout out to the original diamond handing gorilla, roaring kitty right here.

This was his final update. He posted this on wall street bets. He now has 200 thousand shares of gme, which is absolutely incredible. Uh if you've been paying attention to him, whether it's on reddit, his youtube or really this you can find this um on his reddit you before this.

He had a hundred thousand and fifty thousand uh call options that he chose to exercise. There was actually a twitter poll for it and he did that and now he's up to two hundred thousand shares of gamestop. As you can see, he's up 180 percent, a nice total gain of almost 20 million dollars, huge congrats, he's kind of the grandfather of this all he started it he's the original diamond hander and, in the end his conviction led to life-changing money. So there was a big amount of excitement: the fact that he exercised he's continuing to hold this position, and i wish him nothing, but the best of luck, so that's kind of the fundamental updates for amc and jimmy gme.

Looking for the new ceo, roaring kitty has even more shares and amc. We just see some of the bigger states uh in terms of like amc's bottom line, opening up to a bigger and bigger capacity, which is awesome for the company um. So now, let's talk about some of the interesting short interest numbers, so the short interest today uh after the market, closed uh. At the end of the day, amc short interest went up 1.61.

The current short interest of the free float is 22.8 and the borrow change today. The shares that basically were lendable and officially went on loan, an increase of 2.35 million, which means that we can assume that the shares on loan may be in the range of 148, 149 million somewhere around there. And just remember the free float. The shares that you and i can trade of amc is around 400 million.

The utilization to start today off was 99.4 percent. I would be assuming this is getting pretty close to 100, which means, if we're at that level, it will actually be difficult to continue to increase the short interest. We need more shares to be lendable and then actually taking it on loan to increase the short interest. So i won't, i wouldn't be expecting uh the continual jumps in the short interest and shares on loan like this.

Unless more and more hedge funds banks, pension funds, whoever owns amc, decides to actually lend it out, and i don't know if it will happen, but i think there would be a good reason for it just because, right now the short borrow fee, the money people are Getting paid to lend out their shares of amc is sky high according to film del fintel, it's just below 21. I saw pictures shout out to kong posting talking about how the short borrow fee is actually already over 21. So, basically, and remember this, the interest people are paying is actually on a yearly basis. It's not like you're getting paid this per day, but right now there's good money to be made in lending out shares of amc.

So now, let's talk about gamestop. Look at this gigantic jump in the short interest change today, up 14 right now, the current short interest of the free flow is 29.2 percent, and the borrow change is just under 2 million to start today off we were just under 14 million, so this means we're. Now, like, let's call it fifteen five and remember the free float um for gamestop is about 45 million. So that's a considerable percentage.

The utilization a noticeable jump up to 41.83 to start today off, so i'm assuming after today, it's even higher and the the estimated short interest 29.2, so very, very high uh relative to how we started two day off uh, pretty incredible uh. I i was interested the fact that gamestops really jumped up today and amc's has continued up that one two percent each day. I think that kind of actually puts in perspective how strong the stocks were. Today i mean gamestop gained six percent.

Amc gained 3.5 percent. So not only did they gain that which every day is green is obviously good for us, but they gained that when there's like uh, we could theorize that we were fighting off a lot of downward selling pressure. So i think to me, i'm taking it as a sign that we fought off a considerable amount of bear strength today to the point that we overcome the new short interest and then the stock also ended green. So and that's for both amc and jimmy.

I think that's pretty impressive um, so i'm pretty excited to see how tomorrow comes out, but no don't fall for any fun, no matter what anyone tells you this fight's, not over the fact that the stocks are green. The fact that the short interest on both of these meme stocks is going up, it tells tells me all i need to know. Remember i'm not a financial advisor. You got to do what's best for your own financial health, but i'm really really liking.

What i'm seeing just so you know in terms of the overall market. On friday, we hit a new all-time high just below 14.. Since then we're coming down it did get rejected right off this trend line. I wouldn't be that surprised if we come down to retest this around 408 409.

If that doesn't hold, i would then be looking for the 400 400 405 area. That's for the s! P! 500. In the etf that trucks 500 of the biggest companies in the us um in terms of gamestop, this is a look at its 30 minute chart the technical levels i'll personally be watching tomorrow. I'm looking for a breakout of 168 past that we have 185 and on the downside i would look for support at 150, followed by 134ish in terms of amc.

We triple tested 9.75 today. We just couldn't develop enough momentum to break above that, so i'm looking for that break and really this whole region is resistance. 975 up to 10, 10., so a breakout of 1010. I would be very excited about amc shooting straight up to 11, so i'm launching this region tomorrow in terms of support i'll, be watching that key psychological level of nine and past that we have 840..

So that's kind of going on from a fundamental short interest and a technical perspective in terms of amc and gamestop. I would argue to kick off the third week of trading in april. Things are looking pretty good for us right now. I mean the fact that both stocks were green um with such a noticeable increase in the short interest.

On top of that, we have some fundamental developments that are definitely positive, helping both of these stocks. So i'm pretty excited to see what happens not only in the stock market tomorrow april 20th, but really for the remainder of the week. I would love to get your thoughts on both amc and gamestop in a comment below. Don't forget that if you want this training platform for absolutely free free trades and two free stocks check out that link to weibo in the description of the video, if you enjoyed this video, it would be greatly appreciated if you could drop a like and leave a Comment don't forget to subscribe, because all that type of engagement really helps me out with the youtube algorithm until i catch you next time from me and chair best of luck in the stock market, you.

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