CBAK Energy Technology Short Interest Ratio and Short Volume

Short interest is the volume of CBAK Energy Technology shares that have been sold short but have not yet been closed out or covered. As of March 31st, investors have sold 2,930,000 shares of CBAT short. 5.67% of CBAK Energy Technology'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. 5.67% of CBAK Energy Technology's floating shares are currently sold short.

CBAK Energy Technology saw a increase in short interest in March. As of March 31st, there was short interest totaling 2,930,000 shares, an increase of 1.0% from the previous total of 2,900,000 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.

CBAK Energy Technology currently has issued a total of 88,106,000 shares. Some of CBAK Energy Technology'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. CBAK Energy Technology currently has a public float of 51,720,000 shares.

5.67% of CBAK Energy Technology's shares are currently sold short. Here is how the short interest of companies in the industry of "miscellaneous electrical machinery, equipment, & supplies" compare to CBAK Energy Technology: Eos Energy Enterprises, Inc. (12.81%), Byrna Technologies Inc. (0.00%), Romeo Power, Inc. (13.67%), Flux Power Holdings, Inc. (12.57%), Ultralife Co. (1.69%), Polar Power, Inc. (12.84%), Evercel, Inc. (0.00%), Sono-Tek Co. (0.00%), mPhase Technologies, Inc. (0.00%), and Manhattan Scientifics, Inc. (0.00%).

As of the most recent reporting period, the following stocks had the largest short interest positions: Analog Devices, Inc. ($5.84 billion), Aon plc ($5.47 billion), Charter Communications, Inc. ($5.36 billion), ViacomCBS Inc. ($3.99 billion), Snap Inc. ($3.77 billion), Airbnb, Inc. ($2.90 billion), Peloton Interactive, Inc. ($2.43 billion), Discovery, Inc. ($2.38 billion), The Kroger Co. ($2.28 billion), and Expedia Group, Inc. ($2.18 billion). View all of the most shorted stocks.

Short selling CBAT is an investing strategy that aims to generate trading profit from CBAK Energy Technology as its price is falling. CBAK Energy Technology's stock is trading down $0.29 today. To short CBAK Energy Technology 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 CBAK Energy Technology 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 CBAK Energy Technology 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 CBAT, 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 CBAT, twice per month. The most recent reporting period available is March, 31 2021.