Endurance International Group (EIGI) Short Interest Ratio & Short Volume

Short interest is the volume of Endurance International Group shares that have been sold short but have not yet been closed out or covered. As of January 29th, investors have sold 4,360,000 shares of EIGI short. 5.66% of Endurance International Group's shares are currently sold short. Learn More on Endurance International Group'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. EIGI shares currently have a short interest ratio of 4.0. Learn More on Endurance International Group'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. 5.66% of Endurance International Group's floating shares are currently sold short.

Endurance International Group saw a increase in short interest during the month of January. As of January 29th, there was short interest totaling 4,360,000 shares, an increase of 80.9% from the previous total of 2,410,000 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.

Endurance International Group currently has issued a total of 141,654,000 shares. Some of Endurance International 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. Endurance International Group currently has a public float of 77,060,000 shares.

5.66% of Endurance International Group's shares are currently sold short. Here is how the short interest of companies in the sector of "computer and technology" compare to Endurance International Group: VTEX (0.21%), Docebo Inc. (1.00%), SoundHound AI, Inc. (21.22%), Opera Limited (4.12%), Zuora, Inc. (3.95%), Everbridge, Inc. (1.94%), Couchbase, Inc. (4.71%), Enfusion, Inc. (4.66%), PDF Solutions, Inc. (2.05%), Hello Group Inc. (3.07%),

As of the most recent reporting period, the following stocks had the largest short interest positions: GameStop Corp. ($6.96 billion), DuPont de Nemours, Inc. ($5.44 billion), Charter Communications, Inc. ($5.39 billion), Aon plc ($4.87 billion), Analog Devices, Inc. ($4.45 billion), Snap Inc. ($3.29 billion), Moderna, Inc. ($3.19 billion), The Clorox Company ($2.24 billion), Palantir Technologies Inc. ($2.18 billion), and Snowflake Inc. ($2.17 billion). View all of the most shorted stocks.

Short selling EIGI is an investing strategy that aims to generate trading profit from Endurance International Group as its price is falling. 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 Endurance International 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 EIGI, 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 EIGI, twice per month. The most recent reporting period available is January, 29 2021.