NextPlay Technologies (NXTP) Short Interest Ratio & Short Volume

Short interest is the volume of NextPlay Technologies shares that have been sold short but have not yet been closed out or covered. As of November 15th, investors have sold 56,300 shares of NXTP short. 1.28% of NextPlay Technologies' shares are currently sold short. Learn More on NextPlay Technologies' 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. 1.28% of NextPlay Technologies' floating shares are currently sold short.

NextPlay Technologies saw a decline in short interest in the month of November. As of November 15th, there was short interest totaling 56,300 shares, a decline of 67.6% from the previous total of 173,500 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.

NextPlay Technologies currently has issued a total of 5,970,000 shares. Some of NextPlay Technologies' 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. NextPlay Technologies currently has a public float of 4,410,000 shares.

1.28% of NextPlay Technologies' shares are currently sold short. Here is how the short interest of companies in the sector of "consumer discretionary" compare to NextPlay Technologies: Micromobility.com Inc. (11.25%), Esports Entertainment Group, Inc. (1.82%), iMedia Brands, Inc. (0.82%), Nova LifeStyle, Inc. (0.21%), SharpLink Gaming Ltd. (1.54%), Dogness (International) Co. (0.06%), The NFT Gaming Company, Inc. (0.43%), China Liberal Education Holdings Limited (0.05%), The Singing Machine Company, Inc. (24.06%), F45 Training Holdings Inc. (6.99%),

As of the most recent reporting period, the following stocks had the largest short interest positions: RTX Co. ($7.24 billion), T-Mobile US, Inc. ($4.02 billion), Charter Communications, Inc. ($3.72 billion), Occidental Petroleum Co. ($2.80 billion), Lululemon Athletica Inc. ($2.48 billion), Coinbase Global, Inc. ($2.38 billion), Tractor Supply ($2.35 billion), Rivian Automotive, Inc. ($1.79 billion), Royal Caribbean Cruises Ltd. ($1.73 billion), and Moderna, Inc. ($1.71 billion). View all of the most shorted stocks.

Short selling NXTP is an investing strategy that aims to generate trading profit from NextPlay Technologies as its price is falling. NXTP shares are trading up $0.21 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 NextPlay Technologies 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 NXTP, 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 NXTP, twice per month. The most recent reporting period available is November, 15 2023.