Asta Funding (ASFI) Short Interest Ratio & Short Volume

Short interest is the volume of Asta Funding shares that have been sold short but have not yet been covered or closed out. As of September 15th, traders have sold 5,800 shares of ASFI short. 0.24% of Asta Funding's shares are currently sold short. Learn More on Asta Funding's current short interest.

Companies that have a short interest as a percentage of float below 10% indicates positive investor sentiment and few short sellers. Stocks with a short interest percentage above 10% is considered high, suggesting some investors are pessimistic about the stock. Companies with a short interest percentage of 20% or more indicates widespread negative sentiment. 0.24% of Asta Funding's floating shares are currently sold short.

Asta Funding saw a increase in short interest in September. As of September 15th, there was short interest totaling 5,800 shares, an increase of 41.5% from the previous total of 4,100 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.

Asta Funding currently has issued a total of 6,568,000 shares. Some of Asta Funding's outstanding shares are available for trading, while others are subject to various restrictions. The public float, also referred to as floating shares or "the float", are shares that publicly owned, unrestricted and available to trade on the open market. Asta Funding currently has a public float of 2,420,000 shares.

0.24% of Asta Funding's shares are currently sold short. Here is how the short interest of companies in the sector of "finance" compare to Asta Funding: SR Bancorp, Inc. (0.67%), Argo Blockchain plc (0.76%), Bogota Financial Corp. (0.21%), SB Financial Group, Inc. (0.08%), Siebert Financial Corp. (0.61%), Nuveen California Select Tax-Free Income Portfolio (0.01%), Abrdn Japan Equity Fund Inc (0.06%), Creative Media & Community Trust Co. (0.50%), MFS High Yield Municipal Trust (0.17%), Nuveen Municipal Income Fund, Inc. (0.07%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Charter Communications, Inc. ($5.24 billion), Aon plc ($3.67 billion), The Clorox Company ($2.89 billion), The Charles Schwab Co. ($2.79 billion), MercadoLibre, Inc. ($2.26 billion), Analog Devices, Inc. ($2.19 billion), Simon Property Group, Inc. ($2.01 billion), The Kroger Co. ($1.94 billion), Moderna, Inc. ($1.89 billion), and International Flavors & Fragrances Inc. ($1.81 billion). View all of the most shorted stocks.

Short selling ASFI is an investing strategy that aims to generate trading profit from Asta Funding as its price is falling. 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 Asta Funding 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 ASFI, 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 ASFI, twice per month. The most recent reporting period available is September, 15 2020.