SITO Mobile (SITO) Short Interest Ratio & Short Volume

Short interest is the volume of SITO Mobile shares that have been sold short but have not yet been closed out or covered. As of February 28th, investors have sold 791,900 shares of SITO short. 3.41% of SITO Mobile's shares are currently sold short. Learn More on SITO Mobile'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. SITO shares currently have a short interest ratio of 3.0. Learn More on SITO Mobile'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. 3.41% of SITO Mobile's floating shares are currently sold short.

SITO Mobile saw a drop in short interest in the month of February. As of February 28th, there was short interest totaling 791,900 shares, a drop of 7.7% from the previous total of 858,200 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.

SITO Mobile currently has issued a total of 25,642,000 shares. Some of SITO Mobile'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. SITO Mobile currently has a public float of 23,190,000 shares.

3.41% of SITO Mobile's shares are currently sold short. Here is how the short interest of companies in the sector of "computer and technology" compare to SITO Mobile: T Stamp Inc. (2.92%), BIO-key International, Inc. (2.74%), iCoreConnect Inc. (27.74%), BYND Cannasoft Enterprises Inc. (0.14%), Vsee Health, Inc. (0.63%), Dragonfly Energy Holdings Corp. (6.06%), Draganfly Inc. (4.55%), Taoping Inc. (0.39%), Cemtrex, Inc. (8.78%), My Size, Inc. (35.10%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Charter Communications, Inc. ($4.18 billion), Microchip Technology Incorporated ($2.36 billion), McKesson Co. ($2.18 billion), Tiffany & Co. ($1.90 billion), The Charles Schwab Co. ($1.85 billion), Match Group, Inc. ($1.60 billion), Hormel Foods Co. ($1.59 billion), The Clorox Company ($1.52 billion), eBay Inc. ($1.45 billion), and Lumen Technologies, Inc. ($1.30 billion). View all of the most shorted stocks.

Short selling SITO is an investing strategy that aims to generate trading profit from SITO Mobile as its price is falling. SITO shares are trading down $0.01 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 SITO Mobile 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 SITO, 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 SITO, twice per month. The most recent reporting period available is February, 28 2020.