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Shares of AMC Entertainment are down by more than 75% in August.

Hedge Funds

Hedge Funds Correspondent

AMC Entertainment short-sellers have made more than half a billion dollars betting against the meme stock in August.

Short-sellers have booked $522m in profits so far this month on the back of a 75% stock decline, according to financial analytics provider ORTEX.

AMC short-sellers net $522m in August as meme stock tumbles

Bilal Jafar

AMC Entertainment

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