EBET (EBET) Short Interest Ratio & Short Volume

Short interest is the volume of EBET shares that have been sold short but have not yet been closed out or covered. As of September 30th, traders have sold 529,700 shares of EBET short. 3.56% of EBET's shares are currently sold short. Learn More on EBET's current short interest.

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. 3.56% of EBET's floating shares are currently sold short.

EBET saw a drop in short interest in the month of September. As of September 30th, there was short interest totaling 529,700 shares, a drop of 97.4% from the previous total of 20,330,000 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.

EBET currently has issued a total of 9,996,000 shares. Some of EBET'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. EBET currently has a public float of 14,900,000 shares.

3.56% of EBET's shares are currently sold short. Here is how the short interest of companies compare to EBET: Esports Entertainment Group, Inc. (25.92%), Live Nation Entertainment, Inc. (8.94%), Endeavor Group Holdings, Inc. (7.13%), TKO Group Holdings, Inc. (5.08%), Warner Music Group Corp. (2.01%), Atlanta Braves Holdings, Inc. (2.64%), Manchester United plc (5.42%), Bowlero Corp. (16.81%), Sphere Entertainment Co. (26.13%), Accel Entertainment, Inc. (2.67%),

As of the most recent reporting period, the following stocks had the largest short interest positions: TC Energy Co. ($4.11 billion), Charter Communications, Inc. ($3.68 billion), T-Mobile US, Inc. ($3.56 billion), Canadian Natural Resources Limited ($3.54 billion), Occidental Petroleum Co. ($3.02 billion), Tractor Supply ($2.29 billion), Rivian Automotive, Inc. ($2.10 billion), Moderna, Inc. ($1.91 billion), Celsius Holdings, Inc. ($1.84 billion), and Royal Caribbean Cruises Ltd. ($1.76 billion). View all of the most shorted stocks.

Short selling EBET is an investing strategy that aims to generate trading profit from EBET as its price is falling. EBET shares are trading down $0.01 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 EBET 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 EBET, 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 EBET, twice per month. The most recent reporting period available is September, 30 2023.