Sky Solar (SKYS) Short Interest Ratio & Short Volume

Short interest is the volume of Sky Solar shares that have been sold short but have not yet been covered or closed out. As of September 30th, traders have sold 108,100 shares of SKYS short. 0.27% of Sky Solar's shares are currently sold short. Learn More on Sky Solar'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. 0.27% of Sky Solar's floating shares are currently sold short.

Sky Solar saw a increase in short interest in September. As of September 30th, there was short interest totaling 108,100 shares, an increase of 40.2% from the previous total of 77,100 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.

Sky Solar currently has issued a total of 20,977,000 shares. Some of Sky Solar'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. Sky Solar currently has a public float of 39,700,000 shares.

0.27% of Sky Solar's shares are currently sold short. Here is how the short interest of companies in the sector of "utilities" compare to Sky Solar: Brooge Energy Limited (0.10%), Pure Cycle Co. (1.03%), Global Water Resources, Inc. (0.80%), Artesian Resources Co. (1.66%), Consolidated Water Co. Ltd. (3.71%), Genie Energy Ltd. (5.92%), The York Water Company (1.10%), Consolidated Communications Holdings, Inc. (4.48%), Clean Energy Fuels Corp. (7.94%), Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (0.12%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Charter Communications, Inc. ($4.91 billion), Aon plc ($3.68 billion), The Clorox Company ($2.92 billion), Analog Devices, Inc. ($2.35 billion), Uber Technologies, Inc. ($2.27 billion), Moderna, Inc. ($2.14 billion), The Kroger Co. ($2.14 billion), Datadog, Inc. ($2.00 billion), Simon Property Group, Inc. ($1.85 billion), and International Flavors & Fragrances Inc. ($1.75 billion). View all of the most shorted stocks.

Short selling SKYS is an investing strategy that aims to generate trading profit from Sky Solar 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 Sky Solar 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 SKYS, 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 SKYS, twice per month. The most recent reporting period available is September, 30 2020.