Brilliant Acquisition Short Interest Ratio and Short Volume

Short interest is the volume of Brilliant Acquisition shares that have been sold short but have not yet been covered or closed out. As of August 31st, investors have sold 700 shares of BRLI short. 0.02% of Brilliant Acquisition's shares are currently sold short. Learn More on Brilliant Acquisition'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. 0.02% of Brilliant Acquisition's floating shares are currently sold short.

Brilliant Acquisition saw a drop in short interest in the month of August. As of August 31st, there was short interest totaling 700 shares, a drop of 96.5% from the previous total of 20,000 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.

Brilliant Acquisition currently has issued a total of 6,110,000 shares. Some of Brilliant Acquisition'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. Brilliant Acquisition currently has a public float of 4,560,000 shares.

0.02% of Brilliant Acquisition's shares are currently sold short. Here is how the short interest of companies in the sub-industry of "health care services" compare to Brilliant Acquisition: Laboratory Co. of America Holdings (1.81%), Quest Diagnostics Incorporated (4.89%), DaVita Inc. (2.53%), Chemed Co. (1.45%), R1 RCM Inc. (3.47%), Amedisys, Inc. (2.33%), LHC Group, Inc. (3.21%), AMN Healthcare Services, Inc. (1.66%), CorVel Co. (1.54%), and MEDNAX, Inc. (5.26%).

As of the most recent reporting period, the following stocks had the largest short interest positions: Square, Inc. ($9.81 billion), S&P Global Inc. ($7.52 billion), Advanced Micro Devices, Inc. ($7.18 billion), Charter Communications, Inc. ($6.21 billion), Wayfair Inc. ($4.60 billion), Zoom Video Communications, Inc. ($3.23 billion), Uber Technologies, Inc. ($3.11 billion), Palo Alto Networks, Inc. ($2.74 billion), Teladoc Health, Inc. ($2.52 billion), and Etsy, Inc. ($2.16 billion). View all of the most shorted stocks.

Short selling BRLI is an investing strategy that aims to generate trading profit from Brilliant Acquisition as its price is falling. To short Brilliant Acquisition 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 Brilliant Acquisition 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 Brilliant Acquisition 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 BRLI, 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 BRLI, twice per month. The most recent reporting period available is August, 31 2021.