Our 6 ‘Best Buys Now’ Shares Edward Sheldon has no position in any shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. My last call on Cineworld shares was spot on. Here’s my view on the stock now When I last covered Cineworld (LSE: CINE) shares on 18 August, I said they were “quite risky.” I wrote that the reopening of cinemas “may not be straightforward.” I also warned investors that hedge funds were betting heavily against the stock.In hindsight, my assessment of CINE was spot on. On 18 August, Cineworld’s share price closed at 47.43p. This morning, it crashed to an all-time low of 17p. That means it’s fallen more than 60% since my last article. Hopefully, I saved a few UK investors from losing money.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…So, why has Cineworld’s share price crashed again? And what’s my view on the stock now?Cineworld share price crashThe reason Cineworld shares have tanked today is the that company announced it’s temporarily closing its 127 cinemas in the UK and 536 cinemas in the US.It has made this decision due to the fact that studios are reluctant to release their new films in the current environment. The release of the new James Bond movie, No Time To Die, for example, was recently delayed (again) until April 2021.Cineworld says that without new releases, it can’t provide its customers with the strong commercial films needed for them to consider coming back to cinemas against the backdrop of Covid-19.The group says it’ll continue to monitor the situation closely and will communicate any future plans to resume operations at the appropriate time.High level of uncertaintyMake no mistake, this is bad news for Cineworld, especially when you consider the large pile of debt on the company’s balance sheet. With no money coming through the doors in the UK or the US, the outlook’s highly uncertain.In its half-year results, issued on 24 September, Cineworld said that at 30 June, it had US term loans outstanding totaling $3.4bn. It also had a euro term loan of $215.9m and a $573.3m revolving credit facility (RCF), of which $462m had been drawn upon.As a result of this large debt position, the group may have to raise money from shareholders in the near future.It’s worth noting that in its H1 results, the group advised it was assessing several options with regard to additional sources of liquidity. These included the extension of the RCF facility, which matures on 31 December, an additional term loan, and a potential equity, or semi equity, raise.The hedge funds saw this comingWhatever the outcome, it’s fair to say hedge funds saw this coming. When I last covered CINE, a number of funds were shorting it. With Cineworld’s share price tanking today, they’ll have cleaned up.It’s a great example of why you should always be very careful when a stock is heavily shorted. More often than not, the hedgies get it right.Cineworld shares: what now?My view on Cineworld now? It’s a stock to avoid. The uncertainty here is sky-high. I’ll point out that short interest remains high. As of 2 October, CINE was the most shorted stock in the UK, with 8.5% short interest and eight funds shorting. In my view, that’s a good reason to give the stock a wide berth.If you’re looking for investment opportunities, I’d look elsewhere. I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! See all posts by Edward Sheldon, CFA Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Image source: Getty Images Edward Sheldon, CFA | Monday, 5th October, 2020 | More on: CINE Enter Your Email Address “This Stock Could Be Like Buying Amazon in 1997” Simply click below to discover how you can take advantage of this.