Extended Stay America Short Interest Ratio and Short Volume

Short interest is the volume of Extended Stay America shares that have been sold short but have not yet been closed out or covered. As of March 31st, investors have sold 8,220,000 shares of STAY short. 5.16% of Extended Stay America's shares are currently sold short. View details.

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. Extended Stay America currently has a short interest ratio of 3.0.

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. 5.16% of Extended Stay America's floating shares are currently sold short.

Extended Stay America saw a increase in short interest in March. As of March 31st, there was short interest totaling 8,220,000 shares, an increase of 196.8% from the previous total of 2,770,000 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.

Extended Stay America currently has issued a total of 182,819,000 shares. Some of Extended Stay America'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. Extended Stay America currently has a public float of 159,390,000 shares.

5.16% of Extended Stay America's shares are currently sold short. Here is how the short interest of companies in the industry of "hotels & motels" compare to Extended Stay America: Wynn Resorts, Limited (4.90%), Penn National Gaming, Inc. (0.00%), InterContinental Hotels Group PLC (0.10%), Melco Resorts & Entertainment Limited (0.00%), Hyatt Hotels Co. (8.23%), Boyd Gaming Co. (3.63%), Wyndham Hotels & Resorts, Inc. (2.54%), Choice Hotels International, Inc. (4.65%), Park Hotels & Resorts Inc. (0.00%), and Red Rock Resorts, Inc. (5.46%).

As of the most recent reporting period, the following stocks had the largest short interest positions: Analog Devices, Inc. ($5.84 billion), Aon plc ($5.47 billion), Charter Communications, Inc. ($5.36 billion), ViacomCBS Inc. ($3.99 billion), Snap Inc. ($3.77 billion), Airbnb, Inc. ($2.90 billion), Peloton Interactive, Inc. ($2.43 billion), Discovery, Inc. ($2.38 billion), The Kroger Co. ($2.28 billion), and Expedia Group, Inc. ($2.18 billion). View all of the most shorted stocks.

Short selling STAY is an investing strategy that aims to generate trading profit from Extended Stay America as its price is falling. Extended Stay America's stock is trading up $0.01 today. To short Extended Stay America 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 Extended Stay America 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 Extended Stay America 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 STAY, 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 STAY, twice per month. The most recent reporting period available is March, 31 2021.