Ticker:
Description of why you are requesting DD: <It seemed to be a company in the same line of business as AMC, which is why I was wondering why this company didn’t have a short squeeze and if it was possible for one?>
Applicable links to news articles or Reddit analysis:
The options chain looks okayish with a lot of interest on the 11/19c $22 strike. The current stock price is at about $20.
Is this a hidden opportunity in plain sight or am I reading it wrong? I would like more DD to confirm this. I don’t have access to Fintel or Ortex, so maybe someone can provide me with that data.
Following on from Insomniyac’s reply, I feel that one of the reasons IMAX did not attract as much short interest during Covid, is that it has a more diversified business model.
IMAX is involved in the production and post production of movies, as well as having IMAX cameras that production companies will pay a lot of money to rent, and will require consultancy from IMAX to operate. It might be worth looking in to how significant that part of their business is, particularly in terms of income - that might help your DD.