Elys BMG Group (ELYS) Short Interest Ratio & Short Volume

Short interest is the volume of Elys BMG Group shares that have been sold short but have not yet been closed out or covered. As of October 15th, investors have sold 258,200 shares of ELYS short. Learn More on Elys BMG 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. ELYS shares currently have a short interest ratio of 2.0. Learn More on Elys BMG Group's short interest ratio.

Elys BMG Group saw a increase in short interest in the month of October. As of October 15th, there was short interest totaling 258,200 shares, an increase of 56.3% from the previous total of 165,200 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.

Here is how the short interest of companies in the sector of "consumer discretionary" compare to Elys BMG Group: Lottery.com Inc. (2.28%), MultiMetaVerse Holdings Limited (0.83%), SharpLink Gaming, Inc. (1.29%), Motorsport Games Inc. (0.80%), Chicken Soup for the Soul Entertainment, Inc. (1.64%), Gamer Pakistan Inc. (0.34%), Golden Sun Health Technology Group Limited (1.67%), Nova LifeStyle, Inc. (39.23%), Visionary Holdings Inc. (0.53%), Sacks Parente Golf, Inc. (1.45%),

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 ELYS is an investing strategy that aims to generate trading profit from Elys BMG 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 Elys BMG 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 ELYS, 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 ELYS, twice per month. The most recent reporting period available is October, 15 2023.