Esports Entertainment Group (GMBL) Short Interest Ratio & Short Volume

Short interest is the volume of Esports Entertainment Group shares that have been sold short but have not yet been covered or closed out. As of February 15th, traders have sold 274,700 shares of GMBL short. 25.92% of Esports Entertainment Group's shares are currently sold short. Learn More on Esports Entertainment Group's current short interest.

As of the most recent reporting period, the following institutional investors, funds, and major shareholders have reported short positions of Esports Entertainment Group: 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. 25.92% of Esports Entertainment Group's floating shares are currently sold short.

Esports Entertainment Group saw a increase in short interest in the month of February. As of February 15th, there was short interest totaling 274,700 shares, an increase of 13.0% from the previous total of 243,000 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.

Esports Entertainment Group currently has issued a total of 310,000 shares. Some of Esports Entertainment Group'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. Esports Entertainment Group currently has a public float of 1,060,000 shares.

25.92% of Esports Entertainment Group's shares are currently sold short. Here is how the short interest of companies in the sector of "consumer discretionary" compare to Esports Entertainment Group: NextPlay Technologies, Inc. (1.49%), Micromobility.com Inc. (20.10%), Gamer Pakistan Inc. (0.34%), Brera Holdings PLC (5.63%), Allied Gaming & Entertainment Inc. (2.01%), Reservoir Media, Inc. (3.90%), Accel Entertainment, Inc. (2.82%), NeoGames S.A. (0.55%), Sphere Entertainment Co. (22.93%), Bowlero Corp. (18.04%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Super Micro Computer, Inc. ($5.32 billion), T-Mobile US, Inc. ($4.38 billion), General Motors ($3.76 billion), Occidental Petroleum Co. ($3.08 billion), Charter Communications, Inc. ($2.65 billion), Coinbase Global, Inc. ($2.62 billion), Tractor Supply ($2.52 billion), Moderna, Inc. ($2.19 billion), Rivian Automotive, Inc. ($1.84 billion), and Royal Caribbean Cruises Ltd. ($1.78 billion). View all of the most shorted stocks.

Short selling GMBL is an investing strategy that aims to generate trading profit from Esports Entertainment Group as its price is falling. GMBL shares are trading up $0.03 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 Esports Entertainment 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 GMBL, 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 GMBL, twice per month. The most recent reporting period available is February, 15 2024.