Drive Shack (DS) Short Interest Ratio & Short Volume

Short interest is the volume of Drive Shack shares that have been sold short but have not yet been covered or closed out. As of December 15th, investors have sold 2,060,000 shares of DS short. 2.57% of Drive Shack's shares are currently sold short. Learn More on Drive Shack's 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. DS shares currently have a short interest ratio of 2.0. Learn More on Drive Shack'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. 2.57% of Drive Shack's floating shares are currently sold short.

Drive Shack saw a drop in short interest in the month of December. As of December 15th, there was short interest totaling 2,060,000 shares, a drop of 27.0% from the previous total of 2,820,000 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.

Drive Shack currently has issued a total of 92,385,000 shares. Some of Drive Shack'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. Drive Shack currently has a public float of 80,080,000 shares.

2.57% of Drive Shack's shares are currently sold short. Here is how the short interest of companies compare to Drive Shack: Sadot Group Inc. (0.54%), Pinstripes Holdings Inc. (0.91%), Starbucks Co. (3.17%), Dutch Bros Inc. (5.09%), Shake Shack Inc. (10.66%), The Wendy's Company (9.41%), Cannae Holdings, Inc. (3.36%), Allied Gaming & Entertainment Inc. (1.01%), Where Food Comes From, Inc. (0.19%), Natural Health Trends Corp. (0.52%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Occidental Petroleum Co. ($3.47 billion), Suncor Energy Inc. ($2.33 billion), T. Rowe Price Group, Inc. ($2.14 billion), PG&E Co. ($1.61 billion), Etsy, Inc. ($1.56 billion), Paramount Global ($1.53 billion), Old Dominion Freight Line, Inc. ($1.49 billion), Coinbase Global, Inc. ($1.46 billion), DICK'S Sporting Goods, Inc. ($1.30 billion), and C.H. Robinson Worldwide, Inc. ($1.26 billion). View all of the most shorted stocks.

Short selling DS is an investing strategy that aims to generate trading profit from Drive Shack 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 Drive Shack 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 DS, 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 DS, twice per month. The most recent reporting period available is December, 15 2022.