What this short seller is saying about AMC stock?
What this short seller is saying about AMC stock?
$AMC Entertainment Holdings Inc(AMC.US)$ is trading higher Tuesday after the company announced better-than-expected financial results.
$AMC娛樂控股公司(AMC.US)$週二，在該公司公佈好於預期的財務業績後，該公司股價走高。
The problem with AMC Entertainment is that investors are looking at the numbers in comparison to 2020, when the numbers should actually be compared to the pre-pandemic numbers in 2019, Kynikos Associates founder Jim Chanos said Tuesday on CNBC's "Squawk Box."
Kynikos Associates創始人Kynikos Associates表示，AMC Entertainment的問題在於，投資者將這些數字與2020年進行比較，屆時這些數字實際上應該與2019年大流行前的數字進行比較吉姆·查諾斯週二，他在CNBC的“Squawk Box”節目中説。
One big change that has occurred in the movie theater industry is that movie studios are starting to release blockbuster films on streaming platforms, he said.
他説，電影院行業發生的一個重大變化是，電影製片廠開始在流媒體平台上發佈大片。
Box office numbers are down anywhere from 50% to 70% from 2019 levels, he added: "There's just no way [AMC Entertainment] can be profitable."
票房數字比2019年的水平下降了50%到70%，他補充道：“這是不可能的[AMC娛樂公司]可能是有利可圖的。“
Estimates for AMC Entertainment have come down since the beginning of the year, while the share price has soared higher, Chanos said.
Chanos説，自今年年初以來，對AMC Entertainment的預期已經下降，而股價則飆升。
The AMC apes seems to be focused on short interest, dark pool activity and other market structure measures, but "the problem with that is that they're wrong about that as well," he said, adding that short interest is dropping and all short positions could be covered in less than a day at current volumes.
他表示，AMC類人猿似乎關注的是空頭利率、暗池活動和其他市場結構指標，但“問題在於，他們在這方面也是錯誤的。”他補充稱，空頭利率正在下降，按照目前的交易量，所有空頭頭寸都可能在不到一天的時間內得到回補。
If investors really think that the movie theater business is coming back, they should look at $Cinemark Holdings Inc(CNK.US)$, Chanos told CNBC.
如果投資者真的認為電影院業務正在復甦，他們應該看看$Cinemark Holdings Inc(CNK.US)$查諾斯告訴CNBC。
Cinemark is trading at a more appropriate valuation and "the best part of all, Cinemark has the same amount of short interest as a percent of the shares outstanding as AMC does," he said.
他説，Cinemark目前的估值更合適，“最重要的是，Cinemark持有的空頭權益相當於AMC流通股的1%。”
Chanos told CNBC that he has "a small put position" in AMC Entertainment.
查諾斯告訴CNBC，他在AMC娛樂公司有一個“小看跌頭寸”。
AMC, CNK Price Action: At last check Tuesday, AMC Entertainment was up 0.98% at $34.13 and Cinemark was up 0.87% at $15.15.
AMC，CNK價格行動：週二最新消息顯示，AMC Entertainment上漲0.98%，報34.13美元，Cinemark上漲0.87%，報15.15美元。