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.
$AMC娱乐控股公司(AMC.US)$周二，在该公司公布好于预期的财务业绩后，该公司股价走高。
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创始人Kynikos Associates表示，AMC Entertainment的问题在于，投资者将这些数字与2020年进行比较，届时这些数字实际上应该与2019年大流行前的数字进行比较吉姆·查诺斯周二，他在CNBC的“Squawk Box”节目中说。
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.
他说，电影院行业发生的一个重大变化是，电影制片厂开始在流媒体平台上发布大片。
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."
票房数字比2019年的水平下降了50%到70%，他补充道：“这是不可能的[AMC娱乐公司]可能是有利可图的。“
Estimates for AMC Entertainment have come down since the beginning of the year, while the share price has soared higher, Chanos said.
Chanos说，自今年年初以来，对AMC Entertainment的预期已经下降，而股价则飙升。
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类人猿似乎关注的是空头利率、暗池活动和其他市场结构指标，但“问题在于，他们在这方面也是错误的。”他补充称，空头利率正在下降，按照目前的交易量，所有空头头寸都可能在不到一天的时间内得到回补。
If investors really think that the movie theater business is coming back, they should look at $Cinemark Holdings Inc(CNK.US)$, Chanos told CNBC.
如果投资者真的认为电影院业务正在复苏，他们应该看看$Cinemark Holdings Inc(CNK.US)$查诺斯告诉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.
他说，Cinemark目前的估值更合适，“最重要的是，Cinemark持有的空头权益相当于AMC流通股的1%。”
Chanos told CNBC that he has "a small put position" in AMC Entertainment.
查诺斯告诉CNBC，他在AMC娱乐公司有一个“小看跌头寸”。
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价格行动：周二最新消息显示，AMC Entertainment上涨0.98%，报34.13美元，Cinemark上涨0.87%，报15.15美元。