Grid Dynamics (GDYN) Short Interest Ratio & Short Volume

Short interest is the volume of Grid Dynamics shares that have been sold short but have not yet been covered or closed out. As of March 31st, investors have sold 2,780,000 shares of GDYN short. 5.09% of Grid Dynamics' shares are currently sold short. Learn More on Grid Dynamics' 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. GDYN shares currently have a short interest ratio of 10.0. Learn More on Grid Dynamics's short interest ratio.

As of the most recent reporting period, the following institutional investors, funds, and major shareholders have reported short positions of Grid Dynamics: Citadel Advisors LLC, and Concourse Financial Group Securities Inc.. These positions are disclosed in Form 13F filings with the Securities and Exchange Commission.

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. 5.09% of Grid Dynamics' floating shares are currently sold short.

Grid Dynamics saw a increase in short interest during the month of March. As of March 31st, there was short interest totaling 2,780,000 shares, an increase of 4.9% from the previous total of 2,650,000 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.

Grid Dynamics currently has issued a total of 75,970,000 shares. Some of Grid Dynamics' 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. Grid Dynamics currently has a public float of 54,570,000 shares.

5.09% of Grid Dynamics' shares are currently sold short. Here is how the short interest of companies in the industry of "prepackaged software" compare to Grid Dynamics: Weave Communications, Inc. (2.30%), WalkMe Ltd. (1.57%), Kingsoft Cloud Holdings Limited (2.96%), Magic Software Enterprises Ltd. (0.05%), Hello Group Inc. (2.51%), SecureWorks Corp. (0.62%), Cognyte Software Ltd. (0.51%), CS Disco, Inc. (3.74%), Cerence Inc. (17.54%), 3D Systems Co. (7.11%),

As of the most recent reporting period, the following stocks had the largest short interest positions: TC Energy Co. ($4.49 billion), T-Mobile US, Inc. ($3.94 billion), General Motors ($3.34 billion), Charter Communications, Inc. ($3.32 billion), Occidental Petroleum Co. ($3.21 billion), Super Micro Computer, Inc. ($3.13 billion), Coinbase Global, Inc. ($3.08 billion), Moderna, Inc. ($2.28 billion), Tractor Supply ($2.24 billion), and Royal Caribbean Cruises Ltd. ($2.14 billion). View all of the most shorted stocks.

Short selling GDYN is an investing strategy that aims to generate trading profit from Grid Dynamics as its price is falling. GDYN shares are trading up $0.15 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 Grid Dynamics 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 GDYN, 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 GDYN, twice per month. The most recent reporting period available is March, 31 2024.