AMC Theater, Times Square

Charting The Huge Drop in AMC Fails to Deliver

There appears to be some fishy activity going on in shares of AMC Entertainment Holdings, Inc. The stock has long had huge “fails to deliver,” or trades that aren’t completed.

This can be a sign of illegal naked short selling, which is selling shares short without borrowing them first. Naked short selling is a sophisticated and powerful tactic that can drive share prices down, fast.

Last week, we talked about the huge drop in fails to deliver that occurred in the most recent SEC data, from the second half of July. Today, I decided to chart all AMC’s fails to deliver for July (above.)

As you can see, the number was staggering at the beginning of the month. As of July 1st, little AMC had fails to deliver 35,000 times as large as Amazon, one of the biggest companies on earth.

Exchanges whittled that number down substantially over the course of the month. (Note that the figure is cumulative, rather than just reflecting fails to deliver that occurred that day.)

Perhaps moves by the SEC, New York Stock Exchange (NYSE), National Securities Clearing Corporation (NSCC), and others to clean up the failed trades had an effect.

AMC still has massive fails to deliver for a stock its size. It ended the month with 160,233 fails to deliver, still 239 times the end-of-month figure for Amazon and 351 times Apple’s.

Regulators have made progress, but there’s a lot further to go.

More on AMC:




If you found this post interesting, please share it on Twitter/Reddit/etc. using the buttons at the bottom of the page. This helps more people find the blog! 

Save Money on Stuff I Use:

Amazon Business American Express Card

You already shop on Amazon. Why not save $100?

If you’re approved for this card, you get a $100 Amazon gift card. You also get up to 5% back on Amazon and Whole Foods purchases, 2% on restaurants/gas stations/cell phone bills, and 1% everywhere else.

Best of all: No fee!


This platform lets me diversify my real estate investments so I’m not too exposed to any one market. I’ve invested since 2018 and returns have been good so far. More on Fundrise in this post.

If you decide to invest in Fundrise, you can use this link to get your management fees waived for 90 days. With their 1% management fee, this could save you $250 on a $100,000 account.


The only place I buy vitamins and supplements. I recently placed an order and received it in less than 48 hours with free shipping! I compared the prices and they were lower than Amazon. I also love how they test a lot of the vitamins so that you know you’re getting what the label says. This isn’t always the case with supplements.

Use this link to save 5%! 

Misfits Market

My wife and I have gotten organic produce shipped to our house by Misfits for over a year. It’s never once disappointed me. Every fruit and vegetable is super fresh and packed with flavor. I thought radishes were cold, tasteless little lumps at salad bars until I tried theirs! They’re peppery, colorful and crunchy! I wrote a detailed review of Misfits here.

Use this link to sign up and you’ll save $10 on your first order. 

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s