r/wallstreetbets
Movie theaters are making a comeback, and you know what that means
Theaters are packed again with record attendance, suggesting a potential short squeeze for AMC and CNK.
- Theaters are experiencing record attendance since 2019, indicating a strong revival in box office revenue.
- AMC and CNK have high off-exchange short volumes (30%-60%), setting up a potential short squeeze.
- AMC has already doubled since April and CNK is up 20%, showing strong upward momentum.
2 weeks ago, I brought my tinder date to the theaters to see Obsession. There was almost no parking, and the actual theater was almost fully packed. we made sweet love afterwards.
Then this last week, I brought my hinge date to see Backrooms. Same story, almost no parking, packed theater, but this was at a different theater earlier in the day. We went to get food after but then she had to go because "its getting late", probably because I started informing her about the epstein fortnite theory (search it up). even michael jordan misses sometimes.
I have NEVER seen theaters this packed since pre-covid times. May has been a record month in domestic and global attendance since 2019 with 26 million guests. People have been getting tired with hollywood franchise slop, so indie horror slop is exactly what we need to revive theaters.
AMC doubled in price since April, and CNK rose 20%. Both have off exchange short volumes of 30%-60%. Dare I say, something might be brewing in the near future.
TLDR: new movie good, ppl see movie more, movie company happy, I bring more tinder dates to movies, movie company make even more money
Position: 8000 shares of AMC, 250 shares of CNK, 2 dates next week