NFT Gaming (NFTG) Short Interest Ratio & Short Volume

Short interest is the volume of NFT Gaming shares that have been sold short but have not yet been closed out or covered. As of December 31st, traders have sold 28,900 shares of NFTG short. 0.31% of NFT Gaming's shares are currently sold short. Learn More on NFT Gaming'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. 0.31% of NFT Gaming's floating shares are currently sold short.

NFT Gaming saw a increase in short interest in the month of December. As of December 31st, there was short interest totaling 28,900 shares, an increase of 155.8% from the previous total of 11,300 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.

NFT Gaming currently has issued a total of 12,073,000 shares. Some of NFT Gaming'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. NFT Gaming currently has a public float of 9,300,000 shares.

0.31% of NFT Gaming's shares are currently sold short. Here is how the short interest of companies in the sector of "consumer discretionary" compare to NFT Gaming: Where Food Comes From, Inc. (0.77%), Snail, Inc. (0.54%), Golden Matrix Group, Inc. (0.28%), Kuke Music Holding Limited (0.03%), PLBY Group, Inc. (5.51%), Natuzzi S.p.A. (0.02%), Clover Leaf Capital Corp. (0.01%), Natural Health Trends Corp. (0.12%), Bright Scholar Education Holdings Limited (0.05%), BuzzFeed, Inc. (5.90%),

As of the most recent reporting period, the following stocks had the largest short interest positions: General Motors ($4.15 billion), T-Mobile US, Inc. ($3.92 billion), TC Energy Co. ($3.66 billion), Charter Communications, Inc. ($3.35 billion), Coinbase Global, Inc. ($3.32 billion), Occidental Petroleum Co. ($2.91 billion), Tractor Supply ($2.80 billion), Rivian Automotive, Inc. ($2.44 billion), Moderna, Inc. ($2.41 billion), and United Rentals, Inc. ($2.23 billion). View all of the most shorted stocks.

Short selling NFTG is an investing strategy that aims to generate trading profit from NFT Gaming as its price is falling. NFTG shares are trading down $0.02 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 NFT Gaming 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 NFTG, 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 NFTG, twice per month. The most recent reporting period available is December, 31 2023.