Legacy Education Alliance (LEAI) Short Interest Ratio & Short Volume

Short interest is the volume of Legacy Education Alliance shares that have been sold short but have not yet been covered or closed out. As of April 30th, traders have sold 13,600 shares of LEAI short. Learn More on Legacy Education Alliance's current short interest.

The short interest ratio, also known as the "days to cover ratio", is calculated by dividing the number of shares of a stock sold short divided by its average trading volume. A short interest ratio ranging between 1 and 4 generally indicates strong positive sentiment about a stock and a lack of short sellers. A short interest ratio of 10 or greater indicates strong pessimism about a stock. LEAI shares currently have a short interest ratio of 1.0. Learn More on Legacy Education Alliance's short interest ratio.

Legacy Education Alliance saw a drop in short interest during the month of April. As of April 30th, there was short interest totaling 13,600 shares, a drop of 30.6% from the previous total of 19,600 shares. Changes in short volume can be used to identify positive and negative investor sentiment. Investors that short sell a stock are betting that its price will decline in the future. An increase in short sale volume suggests bearish (negative) sentiment among investors. A decrease on short sale volume suggests bullish (positive) sentiment.

Here is how the short interest of companies in the sector of "business services" compare to Legacy Education Alliance: Boxlight Co. (0.60%), Color Star Technology Co., Ltd. (3.24%), Wah Fu Education Group Limited (0.36%), Skillful Craftsman Education Technology Limited (0.14%), TCTM Kids IT Education Inc. (0.40%), Rightscorp, Inc. (0.00%), SUIC Worldwide Holdings Ltd. (0.02%), ZW Data Action Technologies Inc. (0.27%), GD Culture Group Limited (0.67%), Banzai International, Inc. (3.11%),

As of the most recent reporting period, the following stocks had the largest short interest positions: T-Mobile US, Inc. ($3.98 billion), Occidental Petroleum Co. ($3.35 billion), Charter Communications, Inc. ($3.06 billion), General Motors ($2.88 billion), Moderna, Inc. ($2.32 billion), Tractor Supply ($2.27 billion), Royal Caribbean Cruises Ltd. ($2.22 billion), Coinbase Global, Inc. ($2.18 billion), Williams-Sonoma, Inc. ($1.95 billion), and Chesapeake Energy Co. ($1.52 billion). View all of the most shorted stocks.

Short selling LEAI is an investing strategy that aims to generate trading profit from Legacy Education Alliance as its price is falling. LEAI shares are trading down $0.01 today. To short a stock, an investor borrows shares, sells them and buys the shares back on the public market later to return it to the lender. Short sellers are betting that a stock will decline in price. If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender. The difference between the sell price and the buy price is the trader's profit.

A short squeeze for Legacy Education Alliance occurs when it has a large amount of short interest and its stock appreciates in price. This forces short sellers to cover their short interest positions by buying actual shares of LEAI, which in turn drives the price of the stock up even further.

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including LEAI, twice per month. The most recent reporting period available is April, 30 2024.