Eros STX Global (ESGC) Short Interest Ratio & Short Volume

Short interest is the volume of Eros STX Global shares that have been sold short but have not yet been covered or closed out. As of May 15th, traders have sold 1,190,000 shares of ESGC short. 8.10% of Eros STX Global's shares are currently sold short. Learn More on Eros STX Global'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. ESGC shares currently have a short interest ratio of 7.0. Learn More on Eros STX Global'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. 8.10% of Eros STX Global's floating shares are currently sold short.

Eros STX Global saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 1,190,000 shares, an increase of 16.7% from the previous total of 1,020,000 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.

Eros STX Global currently has issued a total of 7,350,000 shares. Some of Eros STX Global'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. Eros STX Global currently has a public float of 14,700,000 shares.

8.10% of Eros STX Global's shares are currently sold short. Here is how the short interest of companies in the sector of "consumer discretionary" compare to Eros STX Global: Anghami Inc. (3.41%), Forward Industries, Inc. (2.01%), Selina Hospitality PLC (1.06%), Micromobility.com Inc. (20.10%), Esports Entertainment Group, Inc. (25.92%), NextPlay Technologies, Inc. (1.49%), China Liberal Education Holdings Limited (0.49%), Hempacco Co., Inc. (2.85%), Safe & Green Holdings Corp. (2.39%), The Singing Machine Company, Inc. (3.76%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Charter Communications, Inc. ($3.79 billion), Palo Alto Networks, Inc. ($3.41 billion), Lucid Group, Inc. ($2.55 billion), Uber Technologies, Inc. ($2.21 billion), HP Inc. ($2.14 billion), T. Rowe Price Group, Inc. ($1.81 billion), Coinbase Global, Inc. ($1.60 billion), Take-Two Interactive Software, Inc. ($1.58 billion), Lumen Technologies, Inc. ($1.56 billion), and Rivian Automotive, Inc. ($1.55 billion). View all of the most shorted stocks.

Short selling ESGC is an investing strategy that aims to generate trading profit from Eros STX Global 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 Eros STX Global 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 ESGC, 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 ESGC, twice per month. The most recent reporting period available is May, 15 2022.