DraftKings (DKNG) Short Interest Ratio & Short Volume → $21,000 in profits in six weeks? (From InvestorPlace) (Ad) Free DKNG Stock Alerts $41.82 -1.21 (-2.81%) (As of 05/3/2024 ET) Add Compare Share Share Short InterestStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainabilityStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainability DraftKings Short Interest DataCurrent Short Volume20,000,000 sharesPrevious Short Volume20,370,000 sharesChange Vs. Previous Month-1.82%Dollar Volume Sold Short$874.40 millionShort Interest Ratio / Days to Cover1.7Last Record DateApril 15, 2024Outstanding Shares866,630,000 sharesPercentage of Shares Shorted2.31%Today's Trading Volume27,186,840 sharesAverage Trading Volume9,189,177 sharesToday's Volume Vs. Average296% Short Selling DraftKings ? Sign up to receive the latest short interest report for DraftKings and its competitors with MarketBeat's FREE newsletter. Email Address Skip Charts & View Short Interest HistoryShort InterestDays to CoverShort Percent of FloatDKNG Short Interest Over TimeDKNG Days to Cover Over TimeDKNG Percentage of Float Shorted Over Time Ad Stansberry ResearchGlobal crypto currency reset (41 major banks signed up)Behind closed doors, at least 41 major US banks have signed up to a strange new crypto project... Here's everything you need to know. DraftKings Short Interest History Export to ExcelReport DateTotal Shares Sold ShortDollar Volume Sold ShortChange from Previous ReportPercentage of Float ShortedDays to CoverPrice on Report Date 4/15/202420,000,000 shares $874.40 million -1.8%N/A1.7 $43.72 3/31/202420,370,000 shares $925.00 million +16.5%N/A1.7 $45.41 3/15/202417,480,000 shares $730.31 million +4.7%N/A1.5 $41.78 2/29/202416,700,000 shares $723.44 million -15.2%N/A1.4 $43.32 2/15/202419,690,000 shares $875.42 million -0.6%N/A1.6 $44.46 1/31/202419,810,000 shares $773.58 million -21.9%N/A1.6 $39.05 Get the Latest News and Ratings for DKNG and Related StocksEnter your email address below to receive the latest news and analysts' ratings for DraftKings and its competitors with MarketBeat's FREE daily newsletter. 1/15/202425,370,000 shares $835.94 million -15.7%N/A1.9 $32.95 12/31/202330,080,000 shares $1.06 billion +13.2%N/A2.4 $35.25 12/15/202326,570,000 shares $939.25 million +6.6%N/A2.1 $35.35 11/30/202324,920,000 shares $952.94 million -9.7%N/A2 $38.24 11/15/202327,610,000 shares $1.01 billion +14.3%N/A2.2 $36.62 10/31/202324,150,000 shares $667.02 million +1.5%N/A2 $27.62 10/15/202323,790,000 shares $679.20 million +0.3%N/A2.1 $28.55 9/30/202323,720,000 shares $698.32 million -10.6%N/A2 $29.44 9/15/202326,520,000 shares $823.18 million +9.3%N/A2.3 $31.04 8/31/202324,270,000 shares $719.61 million -4.6%N/A2.1 $29.65 8/15/202325,440,000 shares $720.72 million +5.6%N/A2.2 $28.33 7/31/202324,100,000 shares $765.90 million +3.4%N/A2 $31.78 7/15/202323,310,000 shares $712.12 million -1.9%N/A2 $30.55 6/30/202323,770,000 shares $631.57 million -3.1%N/A2 $26.57 6/15/202324,540,000 shares $609.33 million -4.0%N/A2.1 $24.83 5/31/202325,560,000 shares $596.57 million -15.5%N/A2.2 $23.34 5/15/202330,230,000 shares $710.10 million -1.9%N/A2.5 $23.49 4/30/202330,810,000 shares $675.05 million +2.6%7.7%2.3 $21.91 4/15/202330,040,000 shares $575.57 million -1.6%7.9%2.3 $19.16 3/31/202330,520,000 shares $590.87 million -3.9%8.1%2.3 $19.36 3/15/202331,750,000 shares $571.18 million -9.2%8.4%2.4 $17.99 2/28/202334,950,000 shares $659.16 million +12.2%9.2%2.6 $18.86 2/15/202331,160,000 shares $554.02 million -7.5%8.2%2.2 $17.78 1/31/202333,680,000 shares $504.86 million -7.1%8.9%2.2 $14.99 1/15/202336,250,000 shares $511.49 million +17.2%9.6%2.3 $14.11 12/30/202230,920,000 shares $352.18 million +0.2%8.2%1.7 $11.39 12/15/202230,860,000 shares $389.76 million -3.7%8.1%1.6 $12.63 11/30/202232,050,000 shares $491.01 million -7.9%8.4%1.6 $15.32 11/15/202234,780,000 shares $536.31 million +1.0%9.2%1.6 $15.42 10/31/202234,430,000 shares $543.99 million -9.8%9.1%1.6 $15.80 10/15/202238,150,000 shares $476.11 million -2.5%10.1%1.8 $12.48 9/30/202239,120,000 shares $592.28 million -7.5%10.3%1.9 $15.14 9/15/202242,290,000 shares $812.81 million +2.3%11.1%2.2 $19.22 8/31/202241,360,000 shares $664.24 million +3.8%10.9%2.1 $16.06$21,000 in profits in six weeks? (Ad)On Wednesday, May 8, the legendary Jonathan Rose is holding his first ever Masters in Trading Summit. Jonathan is one of the sharpest traders I’ve ever met. He made millions trading in the pits of the world’s largest exchanges.Click here for details. DKNG Short Interest - Frequently Asked Questions What is DraftKings' current short interest? Short interest is the volume of DraftKings shares that have been sold short but have not yet been closed out or covered. As of April 15th, investors have sold 20,000,000 shares of DKNG short. Learn More on DraftKings' current short interest. What is a good short interest ratio for DraftKings? 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. DKNG shares currently have a short interest ratio of 2.0. Learn More on DraftKings's short interest ratio. Which institutional investors are shorting DraftKings? As of the most recent reporting period, the following institutional investors, funds, and major shareholders have reported short positions of DraftKings: Concourse Financial Group Securities Inc., Simplex Trading LLC, Goldman Sachs Group Inc., HAP Trading LLC, Cubist Systematic Strategies LLC, Verition Fund Management LLC, PEAK6 Investments LLC, IMC Chicago LLC, Wells Fargo & Company MN, Concourse Financial Group Securities Inc., and TCG Advisory Services LLC. These positions are disclosed in Form 13F filings with the Securities and Exchange Commission. Is DraftKings' short interest increasing or decreasing? DraftKings saw a decline in short interest in the month of April. As of April 15th, there was short interest totaling 20,000,000 shares, a decline of 1.8% from the previous total of 20,370,000 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. How does DraftKings' short interest compare to its competitors? Here is how the short interest of companies compare to DraftKings: Royal Caribbean Cruises Ltd. (6.38%), Charter Communications, Inc. (12.50%), Electronic Arts Inc. (2.85%), Las Vegas Sands Corp. (2.01%), Trip.com Group Limited (1.65%), Lululemon Athletica Inc. (3.45%), Take-Two Interactive Software, Inc. (5.13%), Hilton Worldwide Holdings Inc. (1.11%), Roblox Co. (3.93%), Live Nation Entertainment, Inc. (9.00%), Which stocks are the most shorted right now? 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. What does it mean to sell short DraftKings stock? Short selling DKNG is an investing strategy that aims to generate trading profit from DraftKings as its price is falling. DKNG shares are trading down $1.21 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. How does a short squeeze work against DraftKings? A short squeeze for DraftKings 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 DKNG, which in turn drives the price of the stock up even further. How often is DraftKings' short interest reported? Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including DKNG, twice per month. The most recent reporting period available is April, 15 2024. More Short Interest Resources from MarketBeat Related Companies: RCL Short Interest Data CHTR Short Interest Data EA Short Interest Data LVS Short Interest Data TCOM Short Interest Data LULU Short Interest Data TTWO Short Interest Data HLT Short Interest Data RBLX Short Interest Data LYV Short Interest Data Short Interest Tools: Stocks to Short Largest Short Interest Positions Short Interest Increases Short Interest Decreases Short Interest Reporting Dates This page (NASDAQ:DKNG) was last updated on 5/4/2024 by MarketBeat.com Staff From Our PartnersBiden to Launch “FedNOW” [Move Your Money Now]Priority GoldElon to Transform U.S. Economy? Porter & CompanyAutomatic Income (from home)Awesomely, LLCCould Your Accounts Be Frozen?Allegiance GoldGlobal crypto currency reset (41 major banks signed up)Stansberry ResearchStock-Picking AI Predicts #1 Stock of 2024AltimetryJeff Bezos Just Humiliated Elon MuskInvestorPlaceThe asset beating inflation by 4xColonial Metals