Rimini Street (RMNI) Short Interest Ratio & Short Volume

Short interest is the volume of Rimini Street shares that have been sold short but have not yet been closed out or covered. As of July 15th, traders have sold 2,480,000 shares of RMNI short. 5.44% of Rimini Street's shares are currently sold short. Learn More on Rimini Street'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. RMNI shares currently have a short interest ratio of 11.0. Learn More on Rimini Street's short interest ratio.

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. 5.44% of Rimini Street's floating shares are currently sold short.

Rimini Street saw a decrease in short interest in the month of July. As of July 15th, there was short interest totaling 2,480,000 shares, a decrease of 7.5% from the previous total of 2,680,000 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.

Rimini Street currently has issued a total of 90,410,000 shares. Some of Rimini Street'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. Rimini Street currently has a public float of 45,590,000 shares.

5.44% of Rimini Street's shares are currently sold short. Here is how the short interest of companies compare to Rimini Street: Paysign, Inc. (1.42%), comScore, Inc. (2.23%), Priority Technology Holdings, Inc. (1.06%), Liquidity Services, Inc. (3.25%), Montrose Environmental Group, Inc. (4.96%), Global Blue Group Holding AG (0.24%), Repay Holdings Co. (12.50%), MediaAlpha, Inc. (8.89%), Enviri Co. (2.72%), Conduent Incorporated (1.14%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Charter Communications, Inc. ($4.13 billion), Royal Caribbean Cruises Ltd. ($2.77 billion), Moderna, Inc. ($2.76 billion), Coinbase Global, Inc. ($2.36 billion), Rivian Automotive, Inc. ($2.22 billion), Paychex, Inc. ($2.02 billion), Tractor Supply ($1.81 billion), Enphase Energy, Inc. ($1.65 billion), Chesapeake Energy Co. ($1.62 billion), and Lululemon Athletica Inc. ($1.58 billion). View all of the most shorted stocks.

Short selling RMNI is an investing strategy that aims to generate trading profit from Rimini Street as its price is falling. RMNI shares are trading up $0.04 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 Rimini Street 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 RMNI, 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 RMNI, twice per month. The most recent reporting period available is July, 15 2024.