Glory Star New Media Group (GSMG) Short Interest Ratio & Short Volume

Short interest is the volume of Glory Star New Media Group shares that have been sold short but have not yet been covered or closed out. As of October 15th, traders have sold 172,400 shares of GSMG short. 0.32% of Glory Star New Media Group's shares are currently sold short. Learn More on Glory Star New Media Group'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. 0.32% of Glory Star New Media Group's floating shares are currently sold short.

Glory Star New Media Group saw a decline in short interest in October. As of October 15th, there was short interest totaling 172,400 shares, a decline of 3.3% from the previous total of 178,200 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.

Glory Star New Media Group currently has issued a total of 68,124,000 shares. Some of Glory Star New Media 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. Glory Star New Media Group currently has a public float of 54,700,000 shares.

0.32% of Glory Star New Media Group's shares are currently sold short. Here is how the short interest of companies in the industry of "data processing & preparation" compare to Glory Star New Media Group: NerdWallet, Inc. (7.36%), Shutterstock, Inc. (10.57%), DoubleDown Interactive Co., Ltd. (0.14%), Gravity Co., Ltd. (0.56%), Sohu.com Limited (0.22%), Ooma, Inc. (2.04%), IBEX Limited (2.07%), trivago (0.90%), 8x8, Inc. (5.00%), Brightcove Inc. (0.45%),

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 GSMG is an investing strategy that aims to generate trading profit from Glory Star New Media 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 Glory Star New Media Group 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 GSMG, 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 GSMG, twice per month. The most recent reporting period available is October, 15 2023.