Glu Mobile (GLUU) Short Interest Ratio & Short Volume

Short interest is the volume of Glu Mobile shares that have been sold short but have not yet been covered or closed out. As of April 15th, investors have sold 8,770,000 shares of GLUU short. Learn More on Glu Mobile'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. GLUU shares currently have a short interest ratio of 2.0. Learn More on Glu Mobile's short interest ratio.

Glu Mobile saw a drop in short interest during the month of April. As of April 15th, there was short interest totaling 8,770,000 shares, a drop of 11.7% from the previous total of 9,930,000 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.

Here is how the short interest of companies compare to Glu Mobile: Take-Two Interactive Software, Inc. (4.66%), HashiCorp, Inc. (6.08%), Compass, Inc. (5.97%), Rigetti Computing, Inc. (23.10%), Formula Systems (1985) Ltd. (0.01%), Endava plc (2.38%), CI&T Inc. (0.40%), PROS Holdings, Inc. (6.31%), Perion Network Ltd. (2.91%), TruBridge, Inc. (5.79%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Analog Devices, Inc. ($5.85 billion), Aon plc ($5.61 billion), Charter Communications, Inc. ($5.44 billion), Snap Inc. ($3.49 billion), Airbnb, Inc. ($3.35 billion), Peloton Interactive, Inc. ($2.57 billion), Expedia Group, Inc. ($2.39 billion), The Kroger Co. ($2.26 billion), Nuance Communications, Inc. ($2.18 billion), and Palo Alto Networks, Inc. ($1.84 billion). View all of the most shorted stocks.

Short selling GLUU is an investing strategy that aims to generate trading profit from Glu Mobile 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 Glu Mobile 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 GLUU, 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 GLUU, twice per month. The most recent reporting period available is April, 15 2021.