Enthusiast Gaming (EGLX) Short Interest Ratio & Short Volume

Short interest is the volume of Enthusiast Gaming shares that have been sold short but have not yet been closed out or covered. As of October 15th, investors have sold 1,090,000 shares of EGLX short. 0.79% of Enthusiast Gaming's shares are currently sold short. Learn More on Enthusiast Gaming's current short interest.

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. EGLX shares currently have a short interest ratio of 4.0. Learn More on Enthusiast Gaming's short interest ratio.

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. 0.79% of Enthusiast Gaming's floating shares are currently sold short.

Enthusiast Gaming saw a decline in short interest in the month of October. As of October 15th, there was short interest totaling 1,090,000 shares, a decline of 13.5% from the previous total of 1,260,000 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.

Enthusiast Gaming currently has issued a total of 154,390,000 shares. Some of Enthusiast Gaming'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. Enthusiast Gaming currently has a public float of 138,570,000 shares.

0.79% of Enthusiast Gaming's shares are currently sold short. Here is how the short interest of companies in the sector of "consumer discretionary" compare to Enthusiast Gaming: Allied Gaming & Entertainment Inc. (2.01%), Brera Holdings PLC (5.63%), Snail, Inc. (0.36%), Jerash Holdings (US), Inc. (0.07%), Reading International, Inc. (0.54%), 51Talk Online Education Group (0.23%), LuxUrban Hotels Inc. (27.92%), Vince Holding Corp. (0.74%), Cumulus Media Inc. (2.47%), The Container Store Group, Inc. (1.67%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Charter Communications, Inc. ($3.82 billion), T-Mobile US, Inc. ($3.69 billion), Occidental Petroleum Co. ($2.90 billion), TC Energy Co. ($2.74 billion), Tractor Supply ($2.28 billion), Rivian Automotive, Inc. ($1.92 billion), Moderna, Inc. ($1.77 billion), Celsius Holdings, Inc. ($1.72 billion), Coinbase Global, Inc. ($1.66 billion), and Royal Caribbean Cruises Ltd. ($1.65 billion). View all of the most shorted stocks.

Short selling EGLX is an investing strategy that aims to generate trading profit from Enthusiast Gaming as its price is falling. EGLX shares are trading down $0.03 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 Enthusiast Gaming 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 EGLX, 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 EGLX, twice per month. The most recent reporting period available is October, 15 2023.