BIOLASE Short Interest Ratio and Short Volume

Short interest is the volume of BIOLASE shares that have been sold short but have not yet been covered or closed out. As of January 29th, traders have sold 8,160,000 shares of BIOL short. 7.13% of BIOLASE's shares are currently sold short. View details.

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. 7.13% of BIOLASE's floating shares are currently sold short.

BIOLASE saw a decline in short interest in January. As of January 29th, there was short interest totaling 8,160,000 shares, a decline of 37.0% from the previous total of 12,950,000 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.

BIOLASE currently has issued a total of 145,982,000 shares. Some of BIOLASE'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. BIOLASE currently has a public float of 114,490,000 shares.

7.13% of BIOLASE's shares are currently sold short. Here is how the short interest of companies in the sector of "medical" compare to BIOLASE: Urovant Sciences Ltd. (1.24%), Clovis Oncology (0.00%), Altimmune, Inc. (0.00%), Amryt Pharma plc (0.00%), Biodesix, Inc. (2.48%), SeaSpine Holdings Co. (0.00%), Anika Therapeutics, Inc. (0.00%), Retractable Technologies, Inc. (26.86%), Stereotaxis, Inc. (1.88%), and Oyster Point Pharma, Inc. (8.91%).

As of the most recent reporting period, the following stocks had the largest short interest positions: Aon Plc ($5.34 billion), Charter Communications, Inc. ($5.03 billion), ViacomCBS Inc. ($4.99 billion), DuPont de Nemours, Inc. ($4.72 billion), Analog Devices, Inc. ($4.57 billion), Snap Inc. ($3.87 billion), Moderna, Inc. ($3.58 billion), Futu Holdings Limited ($2.75 billion), Snowflake Inc. ($2.43 billion), and Palantir Technologies Inc. ($2.18 billion). View all of the most shorted stocks.

Short selling BIOL is an investing strategy that aims to generate trading profit from BIOLASE as its price is falling. BIOLASE's stock is trading down $0.01 today. To short BIOLASE 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 BIOLASE 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 BIOLASE 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 BIOL, 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 BIOL, twice per month. The most recent reporting period available is January, 29 2021.