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 covered or closed out. As of April 15th, traders have sold 11,520,000 shares of COIN short. 6.82% 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 1.0. 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: SteelPeak Wealth LLC, Wealth Enhancement Advisory Services LLC, IMC Chicago LLC, Banque Cantonale Vaudoise, Nomura Holdings Inc., Goldman Sachs Group Inc., Brevan Howard Capital Management LP, CMT Capital Markets Trading GmbH, III Capital Management, BlackBarn Capital Partners LP, EMG Holdings L.P., Weiss Asset Management LP, Highbridge Capital Management LLC, Pine Valley Investments Ltd Liability Co, IMC Chicago LLC, UBS Group AG, Concourse Financial Group Securities Inc., CTC LLC, Private Advisor Group LLC, National Bank of Canada FI, Levin Capital Strategies L.P., XR Securities LLC, Wolverine Asset Management LLC, and SpiderRock Advisors LLC. 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. 6.82% of Coinbase Global's floating shares are currently sold short.

Coinbase Global saw a drop in short interest in the month of April. As of April 15th, there was short interest totaling 11,520,000 shares, a drop of 0.9% from the previous total of 11,630,000 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 242,270,000 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 168,980,000 shares.

6.82% of Coinbase Global's shares are currently sold short. Here is how the short interest of companies compare to Coinbase Global: PayPal Holdings, Inc. (2.02%), Block, Inc. (2.04%), Global Payments Inc. (2.94%), FLEETCOR Technologies, Inc. (1.66%), Synchrony Financial (2.94%), Affirm Holdings, Inc. (11.99%), BILL Holdings, Inc. (4.19%), DLocal Limited (9.54%), Marqeta, Inc. (3.54%), American Express (0.89%),

As of the most recent reporting period, the following stocks had the largest short interest positions: T-Mobile US, Inc. ($3.70 billion), Occidental Petroleum Co. ($3.52 billion), Charter Communications, Inc. ($3.14 billion), General Motors ($2.68 billion), Coinbase Global, Inc. ($2.57 billion), Moderna, Inc. ($2.18 billion), Tractor Supply ($2.10 billion), Royal Caribbean Cruises Ltd. ($1.91 billion), TC Energy Co. ($1.90 billion), and Williams-Sonoma, Inc. ($1.78 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 $12.71 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 appreciates 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 April, 15 2024.