Akazoo (SONG) Short Interest Ratio & Short Volume

Short interest is the volume of Akazoo shares that have been sold short but have not yet been closed out or covered. As of May 15th, investors have sold 314,100 shares of SONG short. 1.23% of Akazoo's shares are currently sold short. Learn More on Akazoo'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. SONG shares currently have a short interest ratio of 3.0. Learn More on Akazoo'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. 1.23% of Akazoo's floating shares are currently sold short.

Akazoo saw a decrease in short interest in May. As of May 15th, there was short interest totaling 314,100 shares, a decrease of 18.3% from the previous total of 384,500 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.

Akazoo currently has issued a total of 0 shares. Some of Akazoo'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. Akazoo currently has a public float of 25,580,000 shares.

1.23% of Akazoo's shares are currently sold short. Here is how the short interest of companies in the sector of "consumer discretionary" compare to Akazoo: Anghami Inc. (3.41%), Forward Industries, Inc. (2.01%), Selina Hospitality PLC (1.06%), Salem Media Group, Inc. (1.58%), Beasley Broadcast Group, Inc. (0.38%), Cumulus Media Inc. (2.47%), Urban One, Inc. (2.11%), Urban One, Inc. (0.35%), Saga Communications, Inc. (0.18%), Townsquare Media, Inc. (1.88%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Charter Communications, Inc. ($4.57 billion), Match Group, Inc. ($3.08 billion), Wayfair Inc. ($2.66 billion), Tesla, Inc. ($2.60 billion), The Clorox Company ($2.52 billion), The Charles Schwab Co. ($2.39 billion), DexCom, Inc. ($2.39 billion), International Flavors & Fragrances Inc. ($1.88 billion), The Kroger Co. ($1.78 billion), and Snap Inc. ($1.66 billion). View all of the most shorted stocks.

Short selling SONG is an investing strategy that aims to generate trading profit from Akazoo 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 Akazoo 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 SONG, 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 SONG, twice per month. The most recent reporting period available is May, 15 2020.