SGOCO Group (SGOC) Short Interest Ratio & Short Volume

Short interest is the volume of SGOCO Group shares that have been sold short but have not yet been closed out or covered. As of October 29th, investors have sold 285,300 shares of SGOC short. 0.60% of SGOCO Group's shares are currently sold short. Learn More on SGOCO 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. 0.60% of SGOCO Group's floating shares are currently sold short.

SGOCO Group saw a decrease in short interest during the month of October. As of October 29th, there was short interest totaling 285,300 shares, a decrease of 33.8% from the previous total of 430,800 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.

SGOCO Group currently has issued a total of 101,598,000 shares. Some of SGOCO 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. SGOCO Group currently has a public float of 47,860,000 shares.

0.60% of SGOCO Group's shares are currently sold short. Here is how the short interest of companies in the sector of "computer and technology" compare to SGOCO Group: Mitek Systems, Inc. (7.57%), Cass Information Systems, Inc. (1.54%), Preformed Line Products (1.61%), Alpha and Omega Semiconductor Limited (3.89%), Kingsoft Cloud Holdings Limited (2.96%), Blend Labs, Inc. (4.26%), Evolv Technologies Holdings, Inc. (7.67%), Anterix Inc. (5.51%), WalkMe Ltd. (1.57%), Similarweb Ltd. (0.55%),

As of the most recent reporting period, the following stocks had the largest short interest positions: S&P Global Inc. ($8.61 billion), Advanced Micro Devices, Inc. ($8.44 billion), Charter Communications, Inc. ($5.26 billion), Canadian Pacific Kansas City Limited ($5.13 billion), Wayfair Inc. ($4.34 billion), Uber Technologies, Inc. ($3.69 billion), Palo Alto Networks, Inc. ($3.35 billion), Teladoc Health, Inc. ($3.11 billion), eBay Inc. ($2.91 billion), and Etsy, Inc. ($2.63 billion). View all of the most shorted stocks.

Short selling SGOC is an investing strategy that aims to generate trading profit from SGOCO 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 SGOCO 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 SGOC, 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 SGOC, twice per month. The most recent reporting period available is October, 29 2021.