Boingo Wireless (WIFI) Short Interest Ratio & Short Volume

Short interest is the volume of Boingo Wireless shares that have been sold short but have not yet been closed out or covered. As of May 14th, traders have sold 1,440,000 shares of WIFI short. 3.36% of Boingo Wireless' shares are currently sold short. Learn More on Boingo Wireless' 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. WIFI shares currently have a short interest ratio of 1.0. Learn More on Boingo Wireless'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. 3.36% of Boingo Wireless' floating shares are currently sold short.

Boingo Wireless saw a decrease in short interest in May. As of May 14th, there was short interest totaling 1,440,000 shares, a decrease of 7.7% from the previous total of 1,560,000 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.

Boingo Wireless currently has issued a total of 44,751,000 shares. Some of Boingo Wireless' 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. Boingo Wireless currently has a public float of 42,800,000 shares.

3.36% of Boingo Wireless' shares are currently sold short. Here is how the short interest of companies compare to Boingo Wireless: Blend Labs, Inc. (4.40%), Similarweb Ltd. (0.64%), Preformed Line Products (1.61%), Mitek Systems, Inc. (8.91%), Evolv Technologies Holdings, Inc. (8.16%), Cass Information Systems, Inc. (1.66%), Anterix Inc. (5.62%), Navitas Semiconductor Co. (19.52%), Alpha and Omega Semiconductor Limited (4.14%), Magic Software Enterprises Ltd. (0.10%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Aon plc ($6.79 billion), Charter Communications, Inc. ($5.98 billion), Analog Devices, Inc. ($5.56 billion), S&P Global Inc. ($5.37 billion), Airbnb, Inc. ($3.72 billion), Nuance Communications, Inc. ($2.87 billion), Snap Inc. ($2.70 billion), Expedia Group, Inc. ($2.27 billion), The Kroger Co. ($2.19 billion), and VMware, Inc. ($2.04 billion). View all of the most shorted stocks.

Short selling WIFI is an investing strategy that aims to generate trading profit from Boingo Wireless 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 Boingo Wireless 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 WIFI, 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 WIFI, twice per month. The most recent reporting period available is May, 14 2021.