Crispin Odey’s hedge fund shorts pandemic-hit cinema chain AMC Enjoyment
Odey’s hedge fund has shorted pandemic-hit cinema chain AMC Entertainment
Crispin Odey’s hedge fund has shorted pandemic-strike cinema chain and popular ‘meme stock’ AMC Leisure.
Odey Asset Management recently took the short situation – which indicates it is betting that AMC’s share value will drop – as the City and Wall Avenue grow ever more concerned about the affect newbie buyers are possessing on the worth of big providers.
AMC has become a ‘meme’ investment decision this calendar year together with the likes of Gamestop – both of those of which saw their shares rocket after common persons coordinating on-line purchased huge quantities of shares and drove up costs. Odey, 62, is recognised as a ‘disaster capitalist’ who cashes in on turmoil.