AMC Theater, Times Square

AMC in Top 4% of Stocks for Fails to Deliver

There is a lot of strange activity in stock of AMC Entertainment Holdings, Inc. Fails to deliver have been huge and persistent.

In such cases, a common culprit is an illegal practice known as naked short selling. This involves selling shares you don’t actually own without ever borrowing them first.

The trade is never completed (or “fails to deliver”) because the shares never existed in the first place. This tactic is a powerful way to drive down a stock’s price.

I’ve written about this issue often (see here and here). But a thought occurred to me: what if I’m just cherry picking data, even unconsciously?

So I decided to run a little experiment.

The latest SEC data for the first half of August includes the following dates, since there is no data on weekends:

August 2-6
August 9-13

I picked a random date within this period using this tool:

August 5th it is!

Then, I took all the SEC data from August 5th and dumped it into a Google Sheet. After a little spreadsheet magic to get it in the right format, I sorted by which stocks had the most fails to deliver.

AMC is in the top 4% of all stocks for fails to deliver on this randomly chosen day. Thousands of stocks are below it. Many are much larger, such as Apple and Facebook.

The pattern of huge numbers of failed trades in AMC has gone on for so long the stock has repeatedly been listed on the NYSE’s Threshold List. This lists problem securities targeted for a cleanup in their failed trades.

AMC has been heavily shorted for most of the year. I suspect hedge funds are doing illegal naked short sales in this stock to drive the price down.

When will the SEC look at its own data and act?

More on AMC:

AMC Fails to Deliver Up 1088% in Latest Data

AMC Has 35,000 Times the Fails-to-Deliver of Amazon

Squeezes in AMC and Others are Killing Off Short Sellers

Note: AMC came in at 229th place out of 5647 stocks in the list, hence the 4% figure (229/5647).

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