Wynn Resorts Short Interest Ratio and Short Volume

Short interest is the volume of Wynn Resorts shares that have been sold short but have not yet been closed out or covered. As of August 31st, traders have sold 6,320,000 shares of WYNN short. 5.99% of Wynn Resorts' shares are currently sold short. Learn More on Wynn Resorts' 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. Wynn Resorts currently has a short interest ratio of 2.0. Learn More on a good short interest ratio for Wynn Resorts

As of the most recent reporting period, the following institutional investors, funds, and major shareholders have reported short positions of Wynn Resorts: Bank of America Corp DE, Marshall Wace LLP, Wells Fargo & Company MN, Walleye Trading LLC, Kingsview Wealth Management LLC, Millennium Management LLC, Parallax Volatility Advisers L.P., Citadel Advisors LLC, Caas Capital Management LP, CMT Capital Markets Trading GmbH, Squarepoint Ops LLC, Bank of America Corp DE, SG3 Management LLC, Royal Bank of Canada, Credit Suisse AG, Maven Securities LTD, Marshall Wace LLP, PEAK6 Investments LLC, Laurion Capital Management LP, Simplex Trading LLC, Twin Tree Management LP, Capital Fund Management S.A., HAP Trading LLC, Levin Capital Strategies L.P., Susquehanna International Group LLP, BNP Paribas Arbitrage SA, Wolverine Trading LLC, HighTower Advisors LLC, IMC Chicago LLC, Clear Street Markets LLC, Cutler Group LP, and XR Securities LLC. These positions are disclosed in Form 13F filings with the Securities and Exchange Commission.

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. 5.99% of Wynn Resorts' floating shares are currently sold short.

Wynn Resorts saw a drop in short interest in the month of August. As of August 31st, there was short interest totaling 6,320,000 shares, a drop of 24.1% from the previous total of 8,330,000 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.

Wynn Resorts currently has issued a total of 115,672,000 shares. Some of Wynn Resorts' 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. Wynn Resorts currently has a public float of 105,450,000 shares.

5.99% of Wynn Resorts' shares are currently sold short. Here is how the short interest of companies in the sub-industry of "casinos & gaming" compare to Wynn Resorts: Las Vegas Sands Corp. (3.58%), Caesars Entertainment, Inc. (0.00%), MGM Resorts International (3.38%), Penn National Gaming, Inc. (9.20%), Churchill Downs Incorporated (3.01%), Advanced Drainage Systems, Inc. (2.29%), Scientific Games Co. (5.27%), Boyd Gaming Co. (3.19%), International Game Technology PLC (3.56%), and Monarch Casino & Resort, Inc. (2.29%).

As of the most recent reporting period, the following stocks had the largest short interest positions: Square, Inc. ($9.81 billion), S&P Global Inc. ($7.52 billion), Advanced Micro Devices, Inc. ($7.18 billion), Charter Communications, Inc. ($6.21 billion), Wayfair Inc. ($4.60 billion), Zoom Video Communications, Inc. ($3.23 billion), Uber Technologies, Inc. ($3.11 billion), Palo Alto Networks, Inc. ($2.74 billion), Teladoc Health, Inc. ($2.52 billion), and Etsy, Inc. ($2.16 billion). View all of the most shorted stocks.

Short selling WYNN is an investing strategy that aims to generate trading profit from Wynn Resorts as its price is falling. Wynn Resorts' stock is trading down $1.08 today. To short Wynn Resorts 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 Wynn Resorts 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 Wynn Resorts 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 WYNN, 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 WYNN, twice per month. The most recent reporting period available is August, 31 2021.