Absolute Software - ABST Short Interest Ratio & Short Volume

Short interest is the volume of Absolute Software shares that have been sold short but have not yet been closed out or covered. As of January 15th, investors have sold 1,310,000 shares of ABST short. Learn More on Absolute Software'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. ABST shares currently have a short interest ratio of 13.0. Learn More on Absolute Software's short interest ratio.

As of the most recent reporting period, the following institutional investors, funds, and major shareholders have reported short positions of Absolute Software: Parallax Volatility Advisers L.P., and Parallax Volatility Advisers L.P.. These positions are disclosed in Form 13F filings with the Securities and Exchange Commission.

Absolute Software saw a increase in short interest in January. As of January 15th, there was short interest totaling 1,310,000 shares, an increase of 4.8% from the previous total of 1,250,000 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 "computer and technology" compare to Absolute Software: AudioCodes Ltd. (0.32%), Transcat, Inc. (2.55%), Allied Motion Technologies Inc. (1.01%), Novonix Limited (0.12%), trivago (0.17%), Navitas Semiconductor Co. (9.49%), Vishay Precision Group, Inc. (0.83%), Ebix, Inc. (20.71%), ACM Research, Inc. (5.28%), and SecureWorks Corp. (1.84%).

As of the most recent reporting period, the following stocks had the largest short interest positions: Occidental Petroleum Co. ($3.43 billion), T. Rowe Price Group, Inc. ($2.26 billion), Coinbase Global, Inc. ($2.19 billion), Etsy, Inc. ($1.78 billion), Paramount Global ($1.77 billion), Old Dominion Freight Line, Inc. ($1.69 billion), United Rentals, Inc. ($1.53 billion), American Airlines Group Inc. ($1.52 billion), PG&E Co. ($1.48 billion), and Voya Financial, Inc. ($1.47 billion). View all of the most shorted stocks.

Short selling ABST is an investing strategy that aims to generate trading profit from Absolute Software as its price is falling. ABST shares are trading up $0.04 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 Absolute Software occurs when it has a large amount of short interest and its stock increases in price. This forces short sellers to cover their short interest positions by buying actual shares of ABST, 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 ABST, twice per month. The most recent reporting period available is January, 15 2023.