Endologix (ELGX) Short Interest Ratio & Short Volume

Short interest is the volume of Endologix shares that have been sold short but have not yet been covered or closed out. As of June 30th, traders have sold 343,600 shares of ELGX short. 2.06% of Endologix's shares are currently sold short. Learn More on Endologix'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. 2.06% of Endologix's floating shares are currently sold short.

Endologix saw a increase in short interest in the month of June. As of June 30th, there was short interest totaling 343,600 shares, an increase of 45.3% from the previous total of 236,500 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.

Endologix currently has issued a total of 19,172,000 shares. Some of Endologix'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. Endologix currently has a public float of 16,680,000 shares.

2.06% of Endologix's shares are currently sold short. Here is how the short interest of companies in the sector of "medical" compare to Endologix: Bluejay Diagnostics, Inc. (0.02%), Sintx Technologies, Inc. (2.44%), ReShape Lifesciences Inc. (2.34%), Quoin Pharmaceuticals, Ltd. (0.41%), Dynatronics Co. (0.58%), Tenon Medical, Inc. (1.82%), Nemaura Medical Inc. (0.34%), ProSomnus, Inc. (1.18%), INVO Bioscience, Inc. (0.65%), Minerva Surgical, Inc. (92.12%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Match Group, Inc. ($4.49 billion), Wayfair Inc. ($3.21 billion), Tesla, Inc. ($3.01 billion), Morgan Stanley ($2.93 billion), The Charles Schwab Co. ($2.55 billion), Aon plc ($2.52 billion), The Clorox Company ($2.41 billion), Snap Inc. ($2.25 billion), Carnival Co. & plc ($2.06 billion), and Simon Property Group, Inc. ($1.88 billion). View all of the most shorted stocks.

Short selling ELGX is an investing strategy that aims to generate trading profit from Endologix 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 Endologix 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 ELGX, 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 ELGX, twice per month. The most recent reporting period available is June, 30 2020.