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NASDAQ:DKNG

DraftKings Short Interest Ratio and Short Volume

$19.32
-0.71 (-3.54%)
(As of 01/25/2022 12:00 AM ET)
Add
Compare
Today's Range
$18.73
$20.28
50-Day Range
$19.46
$39.28
52-Week Range
$17.41
$74.38
Volume
23.06 million shs
Average Volume
23.94 million shs
Market Capitalization
$7.85 billion
P/E Ratio
N/A
Dividend Yield
N/A
Beta
1.91

DraftKings (NASDAQ:DKNG) Short Interest Data

Current Short Volume
37,140,000 shares
Previous Short Volume
38,410,000 shares
Change Vs. Previous Month
-3.31%
Dollar Volume Sold Short
$1.02 billion
Short Interest Ratio / Days to Cover
2.3
Last Record Date
December, 31 2021
Outstanding Shares
406,453,000 shares
Float Size
324,920,000 shares
Short Percent of Float
11.43%
Today's Trading Volume
23,064,553 shares
Average Trading Volume
23,939,156 shares
Today's Volume Vs. Average
-3.65%
cover of A Guide to High-Short-Interest Stocks and How to Trade Them ebook
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Short Interest Over Time

Days to Cover Over Time

Percentage of Float Shorted Over Time


DraftKings (NASDAQ:DKNG) Short Interest History

Report DateTotal Shares Sold ShortDollar Volume Sold ShortChange from Previous ReportPercentage of Float ShortedDays to CoverPrice on Report Date
12/31/202137,140,000 shares $1.02 billion -3.3%11.4%2.3 $27.47
12/15/202138,410,000 shares $1.10 billion -0.2%11.8%2.6 $28.67
11/30/202138,490,000 shares $1.33 billion +4.6%11.9%2.6 $34.55
11/15/202136,790,000 shares $1.45 billion +8.4%11.3%2.6 $39.36
10/29/202133,950,000 shares $1.58 billion +2.7%10.6%2.6 $46.59
10/15/202133,060,000 shares $1.59 billion +4.3%10.0%2.6 $48.08
9/30/202131,710,000 shares $1.53 billion -2.4%9.6%2.7 $48.16
9/15/202132,500,000 shares $1.94 billion -1.7%9.9%2.8 $59.84
8/31/202133,070,000 shares $1.96 billion +3.4%10.1%2.6 $59.29
8/13/202131,970,000 shares $1.71 billion +8.4%9.9%2.5 $53.50
7/30/202129,500,000 shares $1.43 billion +2.4%9.3%2 $48.50
7/15/202128,820,000 shares $1.29 billion -4.7%8.6%1.9 $44.83
6/30/202130,240,000 shares $1.58 billion +7.7%9.0%1.9 $52.17
6/15/202128,090,000 shares $1.36 billion -18.0%8.4%1.7 $48.51
5/28/202134,260,000 shares $1.71 billion -3.6%10.9%2.1 $49.95
5/14/202135,530,000 shares $1.46 billion +36.6%12.2%1.9 $40.99
4/30/202126,020,000 shares $1.50 billion +5.0%9.1%1.6 $57.46
4/15/202124,780,000 shares $1.46 billion +3.4%8.7%1.5 $58.88
3/31/202123,960,000 shares $1.46 billion +6.7%8.4%1.5 $61.00
3/15/202122,460,000 shares $1.61 billion +28.3%7.0%1.4 $71.75
2/26/202117,510,000 shares $1.01 billion +7.2%5.5%1.1 $57.81
2/12/202116,330,000 shares $966.57 million +0.7%5.2%1 $59.19
1/29/202116,210,000 shares $910.52 million -9.1%5.2%0.9 $56.17
1/15/202117,830,000 shares $979.22 million No Change5.7%0.9 $54.92













DraftKings (NASDAQ: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 covered or closed out. As of December 31st, investors have sold 37,140,000 shares of DKNG short. 11.43% of DraftKings' shares are currently sold 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. DraftKings currently has a short interest ratio of 2.0. Learn More on a good short interest ratio for DraftKings

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: Cutler Group LP, XR Securities LLC, Jefferies Group LLC, Balyasny Asset Management LLC, Jane Street Group LLC, CTC LLC, Squarepoint Ops LLC, UBS Group AG, Millennium Management LLC, Citadel Advisors LLC, Islet Management LP, Athanor Capital LP, Balyasny Asset Management LLC, Ovata Capital Management Ltd, Caas Capital Management LP, HighTower Advisors LLC, PEAK6 Investments LLC, Sculptor Capital LP, Wolverine Asset Management LLC, Credit Suisse AG, Wolverine Trading LLC, Goldman Sachs Group Inc., HAP Trading LLC, Citigroup Inc., Concourse Financial Group Securities Inc., Avestar Capital LLC, IMC Chicago LLC, and Raymond James & Associates. These positions are disclosed in Form 13F filings with the Securities and Exchange Commission.

What is a good short interest percentage for DraftKings?

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. 11.43% of DraftKings' floating shares are currently sold short.

Is DraftKings' short interest increasing or decreasing?

DraftKings saw a decline in short interest in the month of December. As of December 31st, there was short interest totaling 37,140,000 shares, a decline of 3.3% from the previous total of 38,410,000 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.

What is DraftKings' float size?

DraftKings currently has issued a total of 406,453,000 shares. Some of DraftKings' 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. DraftKings currently has a public float of 324,920,000 shares.

How does DraftKings' short interest compare to its competitors?

11.43% of DraftKings' shares are currently sold short. Here is how the short interest of companies in the industry of "miscellaneous amusement & recreation services" compare to DraftKings: Vail Resorts, Inc. (2.05%), International Game Technology PLC (3.96%), SeaWorld Entertainment, Inc. (6.89%), Madison Square Garden Sports Corp. (3.67%), Six Flags Entertainment Co. (6.17%), Cedar Fair, L.P. (9.84%), Rush Street Interactive, Inc. (7.10%), Everi Holdings Inc. (0.00%), Golden Entertainment, Inc. (3.84%), and Genius Sports Limited (5.52%).

Which stocks are the most shorted right now?

As of the most recent reporting period, the following stocks had the largest short interest positions: S&P Global Inc. ($9.39 billion), Advanced Micro Devices, Inc. ($9.08 billion), Charter Communications, Inc. ($7.16 billion), Palo Alto Networks, Inc. ($4.05 billion), Lucid Group Inc ($3.43 billion), Wayfair Inc. ($3.11 billion), Rivian ($3.05 billion), Datadog, Inc. ($2.76 billion), Zscaler, Inc. ($2.55 billion), and Etsy, Inc. ($1.99 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. DraftKings' stock is trading down $0.71 today. To short DraftKings 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 DraftKings 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 December, 31 2021.



This page was last updated on 1/25/2022 by MarketBeat.com Staff

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