Coinbase Global (COIN) Short Interest Ratio & Short Volume

Short interest is the volume of Coinbase Global shares that have been sold short but have not yet been closed out or covered. As of May 15th, investors have sold 37,330,000 shares of COIN short. 23.38% of Coinbase Global's shares are currently sold short. Learn More on Coinbase Global'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. COIN shares currently have a short interest ratio of 2.0. Learn More on Coinbase Global's short interest ratio.

As of the most recent reporting period, the following institutional investors, funds, and major shareholders have reported short positions of Coinbase Global: JPMorgan Chase & Co., CMT Capital Markets Trading GmbH, Sculptor Capital LP, Susquehanna International Group LLP, Jane Street Group LLC, Greenvale Capital LLP, Bluefin Capital Management LLC, Schonfeld Strategic Advisors LLC, Belvedere Trading LLC, Nomura Holdings Inc., Silver Point Capital L.P., Sandler Capital Management, 22NW LP, Quarry LP, Two Sigma Investments LP, Boothbay Fund Management LLC, Interval Partners LP, Cramer Rosenthal Mcglynn LLC, HAP Trading LLC, MYDA Advisors LLC, Marathon Trading Investment Management LLC, Eisler Capital US LLC, Group One Trading L.P., EMG Holdings L.P., PEAK6 Investments LLC, Bank of America Corp DE, Clear Street Markets LLC, UBS Group AG, HighTower Advisors LLC, Optiver Holding B.V., Highbridge Capital Management LLC, Citigroup Inc., Weiss Asset Management LP, Arbiter Partners Capital Management LLC, Capstone Investment Advisors LLC, Wolverine Asset Management LLC, Truist Financial Corp, Barclays PLC, XR Securities LLC, Cutler Group LLC CA, Strategic Blueprint LLC, Levin Capital Strategies L.P., SpiderRock Advisors LLC, Congress Park Capital LLC, Raymond James & Associates, and National Bank of Canada FI. These positions are disclosed in Form 13F filings with the Securities and Exchange Commission.

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. 23.38% of Coinbase Global's floating shares are currently sold short.

Coinbase Global saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 37,330,000 shares, an increase of 0.4% from the previous total of 37,190,000 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.

Coinbase Global currently has issued a total of 234,560,000 shares. Some of Coinbase Global'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. Coinbase Global currently has a public float of 159,650,000 shares.

23.38% of Coinbase Global's shares are currently sold short. Here is how the short interest of companies in the sector of "finance" compare to Coinbase Global: Synchrony Financial (3.55%), Blue Owl Capital Inc. (4.65%), W. P. Carey Inc. (2.77%), KB Financial Group Inc. (0.05%), Shinhan Financial Group Co., Ltd. (0.08%), W. R. Berkley Co. (1.51%), Everest Re Group, Ltd. (1.37%), AerCap Holdings (0.90%), Essex Property Trust, Inc. (1.58%), Northern Trust Co. (1.98%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Enbridge Inc. ($4.29 billion), T-Mobile US, Inc. ($4.17 billion), Charter Communications, Inc. ($3.07 billion), Occidental Petroleum Co. ($2.81 billion), Moderna, Inc. ($2.37 billion), Coinbase Global, Inc. ($2.27 billion), T. Rowe Price Group, Inc. ($1.98 billion), Verisk Analytics, Inc. ($1.94 billion), Extra Space Storage Inc. ($1.88 billion), and Xylem Inc. ($1.61 billion). View all of the most shorted stocks.

Short selling COIN is an investing strategy that aims to generate trading profit from Coinbase Global as its price is falling. COIN shares are trading up $0.98 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 Coinbase Global 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 COIN, 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 COIN, twice per month. The most recent reporting period available is May, 15 2023.