"The cinemas operator is the most-shorted company in London, with almost 9.5 per cent of its stock in the hands of hedge funds and investors that are hoping its value will fall. It’s a simple enough bet: they borrow shares from a broker, sell them and hope to buy them back at a cheaper price. "
Why were Cineworld shares up almost 50% today?11 Nov 2020 12:27
Why were Cineworld shares up almost 50% today?
"Firstly, a vaccine should allow us all to return to our normal, cinema-going routine. Cinemas have an additional benefit, though. They have been suffering largely due to movie studios postponing releases of big hits.
The latest James Bond film has been the most noteworthy example. Movie studios want big box office numbers for their largest releases. No point doing this in lockdown. If and when a vaccine moves into production, cinemas are likely to see an influx of big hits."
"That euphoria is now being diluted by the realization that no currently used vaccine has ever been made from the messenger RNA technology deployed in Pfizer’s shot, which instructs the human body to produce proteins that then develop protective antibodies."
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Does this mean Cinemas are not going to be the beneficiaries but rather only the airlines and luxury travel industry?
"That euphoria is now being diluted by the realization that no currently used vaccine has ever been made from the messenger RNA technology deployed in Pfizer’s shot, which instructs the human body to produce proteins that then develop protective antibodies."