Global Eagle Entertainment (ENT) Short Interest Ratio & Short Volume

Short interest is the volume of Global Eagle Entertainment shares that have been sold short but have not yet been closed out or covered. As of July 31st, investors have sold 384,000 shares of ENT short. 12.93% of Global Eagle Entertainment's shares are currently sold short. Learn More on Global Eagle Entertainment'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. 12.93% of Global Eagle Entertainment's floating shares are currently sold short.

Global Eagle Entertainment saw a increase in short interest in the month of July. As of July 31st, there was short interest totaling 384,000 shares, an increase of 42.7% from the previous total of 269,100 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.

Global Eagle Entertainment currently has issued a total of 3,754,000 shares. Some of Global Eagle Entertainment'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. Global Eagle Entertainment currently has a public float of 2,970,000 shares.

12.93% of Global Eagle Entertainment's shares are currently sold short. Here is how the short interest of companies in the sector of "computer and technology" compare to Global Eagle Entertainment: BYND Cannasoft Enterprises Inc. (0.14%), Vsee Health, Inc. (0.63%), Dragonfly Energy Holdings Corp. (6.06%), Draganfly Inc. (4.55%), Taoping Inc. (0.39%), Cemtrex, Inc. (8.78%), My Size, Inc. (35.10%), Expion360 Inc. (3.90%), SCWorx Corp. (21.90%), Siyata Mobile Inc. (1.54%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Charter Communications, Inc. ($5.01 billion), Wayfair Inc. ($4.31 billion), Aon plc ($3.08 billion), The Clorox Company ($2.79 billion), The Charles Schwab Co. ($2.61 billion), Moderna, Inc. ($2.01 billion), The Kroger Co. ($1.98 billion), Zillow Group, Inc. ($1.91 billion), Snap Inc. ($1.86 billion), and Carnival Co. & plc ($1.74 billion). View all of the most shorted stocks.

Short selling ENT is an investing strategy that aims to generate trading profit from Global Eagle Entertainment 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 Global Eagle Entertainment 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 ENT, 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 ENT, twice per month. The most recent reporting period available is July, 31 2020.