CONX Short Interest Ratio and Short Volume

Short interest is the volume of CONX shares that have been sold short but have not yet been covered or closed out. As of March 31st, traders have sold 130,700 shares of CONX short. 0.17% of CONX'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. 0.17% of CONX's floating shares are currently sold short.

CONX saw a drop in short interest during the month of March. As of March 31st, there was short interest totaling 130,700 shares, a drop of 5.2% from the previous total of 137,800 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.

CONX currently has issued a total of 96,573,000 shares. Some of CONX'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. CONX currently has a public float of 74,740,000 shares.

0.17% of CONX's shares are currently sold short. Here is how the short interest of companies in the industry of "holding & other investment offices" compare to CONX: Vivint Smart Home, Inc. (5.72%), BTRS Holdings Inc. (6.81%), Social Capital Hedosophia Holdings Corp. V (30.18%), Social Capital Hedosophia Holdings Corp. VI (0.83%), Paya Holdings Inc. (5.77%), Porch Group Inc. (5.30%), Arko Corp. (14.11%), Star Peak Energy Transition Corp. (10.43%), Foley Trasimene Acquisition Corp. (0.69%), and Brooge Energy Limited (0.29%).

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 CONX is an investing strategy that aims to generate trading profit from CONX as its price is falling. CONX's stock is trading down $0.02 today. To short CONX 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 CONX 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 CONX 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 CONX, 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 CONX, twice per month. The most recent reporting period available is March, 31 2021.