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NASDAQ:DSGX

The Descartes Systems Group Short Interest Ratio and Short Volume

$58.22
+0.56 (+0.97 %)
(As of 05/14/2021 12:00 AM ET)
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Today's Range
$57.45
$58.60
50-Day Range
$57.36
$65.95
52-Week Range
$42.79
$66.71
Volume120,000 shs
Average Volume102,725 shs
Market Capitalization$4.92 billion
P/E Ratio109.85
Dividend YieldN/A
Beta1.19

Short Interest

The Descartes Systems Group (NASDAQ:DSGX) Short Interest Data

Current Short Volume470,800 shares
Previous Short Volume487,600 shares
Change Vs. Previous Month-3.45%
Dollar Volume Sold Short$30.98 million
Short Interest Ratio / Days to Cover4.9
Last Record DateApril, 15 2021
Outstanding Shares84,504,000 shares
Float Size84,180,000 shares
Short Percent of Float0.56%
Today's Trading Volume120,000 shares
Average Trading Volume102,725 shares
Today's Volume Vs. Average16.82%

Short Interest Over Time


The Descartes Systems Group (NASDAQ:DSGX) Short Interest History

Report DateTotal Shares Sold ShortDollar Volume Sold ShortChange from Previous ReportPercentage of Float ShortedDays to CoverPrice on Report Date
4/15/2021470,800 shares $30.98 million -3.5%0.6%4.9 $65.81
3/31/2021487,600 shares $28.91 million -17.9%0.6%4.4 $59.29
3/15/2021593,600 shares $36.78 million +78.7%0.7%5.3 $61.96
2/26/2021332,100 shares $19.30 million -27.5%0.4%2.8 $58.12
2/12/2021458,000 shares $29.33 million -11.2%0.5%4 $64.05
1/29/2021515,800 shares $31.93 million +40.4%0.6%4.5 $61.91
1/15/2021367,300 shares $21.66 million -13.2%0.4%3.2 $58.96
12/31/2020423,300 shares $24.61 million -2.2%0.5%4.1 $58.14
12/15/2020432,600 shares $24.47 million -14.7%0.5%3.9 $56.57
11/30/2020507,100 shares $29.43 million -2.1%0.6%4.1 $58.03
11/15/2020518,100 shares $28.96 million -6.2%0.6%3.9 $55.90
10/30/2020552,200 shares $29.18 million -3.2%0.7%4.2 $52.85
10/15/2020570,500 shares $31.91 million -14.2%0.7%4.1 $55.94
9/30/2020665,000 shares $37.89 million -28.9%0.8%4.3 $56.98
9/15/2020934,700 shares $50.40 million -5.7%1.1%5.9 $53.92
8/31/2020991,600 shares $60.44 million -4.7%1.2%5.9 $60.95
8/14/20201,040,000 shares $56.69 million +7.2%1.2%6.3 $54.51
7/31/2020970,200 shares $54.65 million -15.6%1.2%5.8 $56.33
7/15/20201,150,000 shares $59.59 million -16.7%1.4%6.2 $51.82
6/30/20201,380,000 shares $70.09 million -0.7%1.7%7.6 $50.79
6/15/20201,390,000 shares $69.11 million +11.2%1.7%7.2 $49.72
5/29/20201,250,000 shares $56.69 million -3.1%1.5%6.2 $45.35
5/15/20201,290,000 shares $55.72 million +0.8%1.5%6.6 $43.19
4/30/20201,280,000 shares $54.94 million +17.4%1.5%6.9 $42.92
4/15/20201,090,000 shares $41.42 million +2.8%1.3%6.8 $38.00

The Descartes Systems Group (NASDAQ:DSGX) Short Interest FAQ

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What is The Descartes Systems Group's current short interest?

Short interest is the volume of The Descartes Systems Group shares that have been sold short but have not yet been closed out or covered. As of April 15th, investors have sold 470,800 shares of DSGX short. 0.56% of The Descartes Systems Group's shares are currently sold short. View details.

What is a good short interest ratio for The Descartes Systems Group?

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. The Descartes Systems Group currently has a short interest ratio of 5.0.

What is a good short interest percentage for The Descartes Systems Group?

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. 0.56% of The Descartes Systems Group's floating shares are currently sold short.

Is The Descartes Systems Group's short interest increasing or decreasing?

The Descartes Systems Group saw a decrease in short interest in April. As of April 15th, there was short interest totaling 470,800 shares, a decrease of 3.4% from the previous total of 487,600 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 The Descartes Systems Group's float size?

The Descartes Systems Group currently has issued a total of 84,504,000 shares. Some of The Descartes Systems Group'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. The Descartes Systems Group currently has a public float of 84,180,000 shares.

How does The Descartes Systems Group's short interest compare to its competitors?

0.56% of The Descartes Systems Group's shares are currently sold short. Here is how the short interest of companies in the industry of "prepackaged software" compare to The Descartes Systems Group: Paycom Software, Inc. (2.71%), Take-Two Interactive Software, Inc. (2.83%), Splunk Inc. (0.00%), SS&C Technologies Holdings, Inc. (1.40%), Coupa Software Incorporated (0.00%), Check Point Software Technologies Ltd. (7.25%), Tyler Technologies, Inc. (0.00%), MongoDB, Inc. (0.00%), ZoomInfo Technologies Inc. (6.38%), and NortonLifeLock Inc. (2.78%).

Which stocks are the most shorted right now?

As of the most recent reporting period, the following stocks had the largest short interest positions: Analog Devices, Inc. ($5.85 billion), Aon plc ($5.61 billion), Charter Communications, Inc. ($5.44 billion), Snap Inc. ($3.49 billion), Airbnb, Inc. ($3.35 billion), Peloton Interactive, Inc. ($2.53 billion), ViacomCBS Inc. ($2.48 billion), Expedia Group, Inc. ($2.39 billion), The Kroger Co. ($2.26 billion), and Nuance Communications, Inc. ($2.18 billion). View all of the most shorted stocks.

What does it mean to sell short The Descartes Systems Group stock?

Short selling DSGX is an investing strategy that aims to generate trading profit from The Descartes Systems Group as its price is falling. The Descartes Systems Group's stock is trading up $0.56 today. To short The Descartes Systems Group 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 The Descartes Systems Group 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 The Descartes Systems Group?

A short squeeze for The Descartes Systems Group 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 DSGX, which in turn drives the price of the stock up even further.

How often is The Descartes Systems Group's 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 DSGX, twice per month. The most recent reporting period available is April, 15 2021.



This page was last updated on 5/17/2021 by MarketBeat.com Staff
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