Boyd Gaming Short Interest Ratio and Short Volume

Short interest is the volume of Boyd Gaming shares that have been sold short but have not yet been covered or closed out. As of September 30th, traders have sold 5,500,000 shares of BYD short. 6.83% of Boyd Gaming'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. Boyd Gaming 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. 6.83% of Boyd Gaming's floating shares are currently sold short.

Boyd Gaming saw a drop in short interest during the month of September. As of September 30th, there was short interest totaling 5,500,000 shares, a drop of 15.1% from the previous total of 6,480,000 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.

Boyd Gaming currently has issued a total of 111,387,000 shares. Some of Boyd Gaming'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. Boyd Gaming currently has a public float of 80,500,000 shares.

6.83% of Boyd Gaming's shares are currently sold short. Here is how the short interest of companies in the sub-industry of "casinos & gaming" compare to Boyd Gaming: Las Vegas Sands Corp. (3.95%), MGM Resorts International (9.68%), Penn National Gaming, Inc (0.00%), Caesars Entertainment, Inc. (7.51%), Wynn Resorts, Limited (11.08%), Churchill Downs, Inc. (6.89%), Advanced Drainage Systems Inc (3.49%), Scientific Games Co. (9.44%), International Game Technology PLC (3.38%), and Monarch Casino & Resort, Inc. (4.67%).

As of the most recent reporting period, the following stocks had the largest short interest positions: Charter Communications Inc ($5.12 billion), Aon PLC ($3.76 billion), Clorox Co ($3.07 billion), ViacomCBS Inc. ($2.89 billion), Analog Devices, Inc. ($2.49 billion), Moderna, Inc. ($2.37 billion), Datadog, Inc. ($2.29 billion), Uber Technologies, Inc. ($2.22 billion), Kroger Co ($2.20 billion), and Simon Property Group, Inc. ($1.88 billion). View all of the most shorted stocks.

Short selling BYD is an investing strategy that aims to generate trading profit from Boyd Gaming as its price is falling. Boyd Gaming's stock is trading down $0.64 today. To short Boyd Gaming 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 Boyd Gaming 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 Boyd Gaming 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 BYD, 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 BYD, twice per month. The most recent reporting period available is September, 30 2020.