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Shares in ‘memestock’ favourite AMC Entertainment Holdings Inc were on the rise on Thursday morning in New York following reports London hedge fund manager Crispin Odey has taken a short position against the firm. According to an FT report, Odey Asset Management recently bet against the firm through portfolios run by fellow fund manager James Hanbury following a torrid month for AMC that has seen the group’s stock declined by nearly 39%.
...read full article on Proactive Investors
