Elastic Short Interest Ratio and Short Volume

-0.20 (-0.12 %)
(As of 09/17/2021 12:00 AM ET)
Today's Range
50-Day Range
52-Week Range
Volume1.25 million shs
Average Volume930,796 shs
Market Capitalization$15.06 billion
P/E RatioN/A
Dividend YieldN/A

Elastic (NYSE:ESTC) Short Interest Data

Current Short Volume8,090,000 shares
Previous Short Volume8,330,000 shares
Change Vs. Previous Month-2.88%
Dollar Volume Sold Short$1.29 billion
Short Interest Ratio / Days to Cover11.6
Last Record DateAugust, 31 2021
Outstanding Shares91,796,000 shares
Float Size69,680,000 shares
Short Percent of Float11.61%
Today's Trading Volume1,252,800 shares
Average Trading Volume930,796 shares
Today's Volume Vs. Average34.59%

Short Interest Over Time

Days to Cover Over Time

Percentage of Float Shorted Over Time

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Elastic (NYSE:ESTC) Short Interest History

Report DateTotal Shares Sold ShortDollar Volume Sold ShortChange from Previous ReportPercentage of Float ShortedDays to CoverPrice on Report Date
8/31/20218,090,000 shares $1.29 billion -2.9%11.6%11.6 $159.55
8/13/20218,330,000 shares $1.28 billion +8.5%12.2%11.2 $153.93
7/30/20217,680,000 shares $1.14 billion +6.5%11.2%9.2 $148.06
7/15/20217,210,000 shares $1.00 billion -2.8%10.6%8 $139.20
6/30/20217,420,000 shares $1.08 billion -3.3%11.0%8.2 $145.76
6/15/20217,670,000 shares $1.03 billion -1.8%11.5%7.6 $134.68
5/28/20217,810,000 shares $923.22 million -20.3%11.7%7.4 $118.21
5/14/20219,800,000 shares $1.01 billion -7.8%14.8%8.1 $103.00
4/30/202110,630,000 shares $1.31 billion -1.2%16.1%9.2 $123.63
4/15/202110,760,000 shares $1.42 billion +1.8%16.3%10 $131.98
3/31/202110,570,000 shares $1.12 billion +14.4%16.0%9.7 $106.14
3/15/20219,240,000 shares $1.07 billion +13.5%14.0%8.9 $116.28
2/26/20218,140,000 shares $1.07 billion -1.2%12.4%7.6 $131.56
2/12/20218,240,000 shares $1.36 billion +1.6%12.9%9.4 $165.09
1/29/20218,110,000 shares $1.24 billion +0.8%12.8%9.3 $153.38
1/15/20218,050,000 shares $1.24 billion +7.1%12.7%9 $153.50
12/31/20207,520,000 shares $1.11 billion -5.3%11.9%8.3 $148.22
12/15/20207,940,000 shares $1.11 billion -2.1%12.7%8.8 $139.50
11/30/20208,110,000 shares $968.42 million -4.8%12.9%8.4 $119.41
11/15/20208,520,000 shares $871.43 million +18.3%13.7%8.6 $102.28
10/30/20207,200,000 shares $757.80 million +3.0%11.6%6.8 $105.25
10/15/20206,990,000 shares $867.74 million +20.3%11.3%6.7 $124.14
9/30/20205,810,000 shares $626.84 million +17.6%9.4%5.5 $107.89
9/15/20204,940,000 shares $512.57 million +9.3%8.1%4.5 $103.76
8/31/20204,520,000 shares $490.78 million -19.1%7.4%3.9 $108.58

Institutional Investors Shorting Elastic (NYSE:ESTC)

This table shows institutional investors, funds, and major shareholders that have reported short positions as of their most recent reporting period. Most commonly, these investors have purchased put options on shares of Elastic. These positions are disclosed in Form 13F filings with the Securities and Exchange Commission.

Reporting DateInvestor NameShares Shorted (Previous)Shares Shorted (Current)Position ChangePosition Size
8/17/2021Walleye Trading LLC69,40013,400-80.7%$1,953.00
8/17/2021Millennium Management LLC11,7006,400-45.3%$933.00
8/17/2021Parallax Volatility Advisers L.P.100,800300-99.7%$44.00
8/17/2021Citadel Advisors LLC118,40093,700-20.9%$13,658.00
8/16/2021Squarepoint Ops LLC7,6007,600No Change$1,108.00
8/13/2021PEAK6 Investments LLC59,200106,400+79.7%$15,509.00
8/12/2021Twin Tree Management LPN/A9,800N/A$1,428.00
8/12/2021Simplex Trading LLC4127,100+65,997.6%$3,950.00
8/11/2021HAP Trading LLC29,90020,600-31.1%$104.00
8/10/2021Group One Trading L.P.134,20074,800-44.3%$10,903.00
8/6/2021Wolverine Trading LLC32,90033,600+2.1%$5,004.00
7/31/2021Cutler Group LP34,00013,200-61.2%$37.00

Elastic (NYSE:ESTC) Short Interest FAQ

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What is Elastic's current short interest?

Short interest is the volume of Elastic shares that have been sold short but have not yet been closed out or covered. As of August 31st, traders have sold 8,090,000 shares of ESTC short. 11.61% of Elastic's shares are currently sold short. Learn More on Elastic's current short interest.

What is a good short interest ratio for Elastic?

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. Elastic currently has a short interest ratio of 12.0. Learn More on a good short interest ratio for Elastic

Which institutional investors are shorting Elastic?

As of the most recent reporting period, the following institutional investors, funds, and major shareholders have reported short positions of Elastic: Walleye Trading LLC, Millennium Management LLC, Parallax Volatility Advisers L.P., Citadel Advisors LLC, Squarepoint Ops LLC, PEAK6 Investments LLC, Twin Tree Management LP, Simplex Trading LLC, HAP Trading LLC, Group One Trading L.P., Wolverine Trading LLC, and Cutler Group LP. These positions are disclosed in Form 13F filings with the Securities and Exchange Commission.

What is a good short interest percentage for Elastic?

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. 11.61% of Elastic's floating shares are currently sold short.

Is Elastic's short interest increasing or decreasing?

Elastic saw a drop in short interest in the month of August. As of August 31st, there was short interest totaling 8,090,000 shares, a drop of 2.9% 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.

What is Elastic's float size?

Elastic currently has issued a total of 91,796,000 shares. Some of Elastic'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. Elastic currently has a public float of 69,680,000 shares.

How does Elastic's short interest compare to its competitors?

11.61% of Elastic's shares are currently sold short. Here is how the short interest of companies in the industry of "prepackaged software" compare to Elastic: CrowdStrike Holdings, Inc. (0.00%), VMware, Inc. (18.27%), Palantir Technologies Inc. (4.04%), Atlassian Co. Plc (0.00%), NetEase, Inc. (1.23%), DocuSign, Inc. (3.90%), Synopsys, Inc. (1.04%), Veeva Systems Inc. (1.23%), Cadence Design Systems, Inc. (1.01%), and Datadog, Inc. (6.40%).

Which stocks are the most shorted right now?

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.

What does it mean to sell short Elastic stock?

Short selling ESTC is an investing strategy that aims to generate trading profit from Elastic as its price is falling. Elastic's stock is trading down $0.20 today. To short Elastic 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 Elastic 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.

How does a short squeeze work against Elastic?

A short squeeze for Elastic 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 ESTC, which in turn drives the price of the stock up even further.

How often is Elastic's short interest reported?

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including ESTC, twice per month. The most recent reporting period available is August, 31 2021.

This page was last updated on 9/20/2021 by MarketBeat.com Staff
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