AMC: The New Meme-Stock King

AMC's stock has surged dramatically, driven by retail investors and a new rewards program. Despite this, AMC's financial fundamentals remain weak, with significant debt and expected losses. Mudrick Capital profited from AMC's stock and bonds but later deemed the stock overvalued. The Reddit community has influenced hedge funds' short positions, but hedge funds are maintaining their stance. The market is cautious about post-pandemic valuations for companies like AMC.

What concerns are raised about AMC's financial situation despite the stock rally?

What impact did the Reddit army have on hedge funds' short positions?