Blend Labs (BLND) Short Interest Ratio & Short Volume

Short interest is the volume of Blend Labs shares that have been sold short but have not yet been closed out or covered. As of August 31st, investors have sold 10,150,000 shares of BLND short. 5.84% of Blend Labs' shares are currently sold short. Learn More on Blend Labs' 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. BLND shares currently have a short interest ratio of 7.0. Learn More on Blend Labs's short interest ratio.

As of the most recent reporting period, the following institutional investors, funds, and major shareholders have reported short positions of Blend Labs: Group One Trading L.P., and Concourse Financial Group Securities Inc.. 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. 5.84% of Blend Labs' floating shares are currently sold short.

Blend Labs saw a increase in short interest during the month of August. As of August 31st, there was short interest totaling 10,150,000 shares, an increase of 1.8% from the previous total of 9,970,000 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.

Blend Labs currently has issued a total of 248,199,000 shares. Some of Blend Labs' 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. Blend Labs currently has a public float of 173,740,000 shares.

5.84% of Blend Labs' shares are currently sold short. Here is how the short interest of companies in the sector of "computer and technology" compare to Blend Labs: Similarweb Ltd. (1.22%), VNET Group, Inc. (4.23%), CEVA, Inc. (4.05%), TrueCar, Inc. (1.06%), Nextdoor Holdings, Inc. (3.17%), Eventbrite, Inc. (11.93%), HealthStream, Inc. (0.96%), HUYA Inc. (1.13%), PubMatic, Inc. (1.99%), Model N, Inc. (6.73%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Charter Communications, Inc. ($3.69 billion), Canadian Natural Resources Limited ($3.67 billion), T-Mobile US, Inc. ($3.56 billion), Suncor Energy Inc. ($3.20 billion), Occidental Petroleum Co. ($3.19 billion), Celsius Holdings, Inc. ($2.09 billion), Tractor Supply ($2.08 billion), Moderna, Inc. ($2.04 billion), Royal Caribbean Cruises Ltd. ($2.00 billion), and Rivian Automotive, Inc. ($1.96 billion). View all of the most shorted stocks.

Short selling BLND is an investing strategy that aims to generate trading profit from Blend Labs as its price is falling. BLND shares are trading up $0.12 today. 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 Blend Labs 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 BLND, 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 BLND, twice per month. The most recent reporting period available is August, 31 2023.