S&P 500   3,795.54
DOW   30,991.52
QQQ   314.35
S&P 500   3,795.54
DOW   30,991.52
QQQ   314.35
S&P 500   3,795.54
DOW   30,991.52
QQQ   314.35
S&P 500   3,795.54
DOW   30,991.52
QQQ   314.35
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Elastic Short Interest Ratio and Short Volume

+3.36 (+2.24 %)
(As of 01/14/2021 12:00 AM ET)
Today's Range
Now: $153.50
50-Day Range
MA: $150.79
52-Week Range
Now: $153.50
Volume984,795 shs
Average Volume777,064 shs
Market Capitalization$13.42 billion
P/E RatioN/A
Dividend YieldN/A

Short Interest

Elastic (NYSE:ESTC) Short Interest Data

Current Short Volume:7,940,000 shares
Previous Short Volume:8,110,000 shares
Change Vs. Previous Month:-2.10%
Dollar Volume Sold Short:$1.19 billion
Short Interest Ratio / Days to Cover:9.0
Last Record Date:December, 31 2020
Outstanding Shares:75,350,000 shares
Float Size:62,600,000 shares
Short Percent of Float:12.68%
Today's Trading Volume:984,795 shares
Average Trading Volume:777,064 shares
Today's Volume Vs. Average:26.73%

Elastic (NYSE:ESTC) Short Interest History

DateShares Sold ShortDollar Volume Sold ShortPercentage ChangePercentage FloatDays to CoverPrice on Record Date
12/31/20207,940,000 $1.19 billion -2.1%12.7%8.8$149.88
12/15/20207,940,000 $1.15 billion -2.1%12.7%8.8$145.37
11/30/20208,110,000 $1.24 billion -4.8%12.9%8.4$153.29
11/15/20208,520,000 $1.05 billion 18.3%13.7%8.6$123.80
10/30/20207,200,000 $736.42 million 3.0%11.6%6.8$102.28
10/15/20206,990,000 $754.22 million 20.3%11.3%6.7$107.90
9/30/20205,810,000 $730.08 million 17.6%9.4%5.5$125.66
9/15/20204,940,000 $525.57 million 9.3%8.1%4.5$106.39
8/31/20204,520,000 $472.57 million -19.1%7.4%3.9$104.55
8/14/20205,590,000 $614.45 million -6.4%9.3%4$109.92
7/31/20205,970,000 $548.34 million -18.4%10.0%4.3$91.85
7/15/20207,320,000 $704.11 million 14.0%12.3%5.2$96.19
6/30/20206,420,000 $570.22 million -4.5%11.0%4.4$88.82
6/15/20206,720,000 $641.09 million 4.4%12.0%4.3$95.40
5/29/20206,440,000 $587.01 million -3.9%11.5%4$91.15
5/15/20206,700,000 $575.66 million 2.5%12.1%4.2$85.92
4/30/20206,540,000 $527.32 million 3.2%11.8%4.4$80.63
4/15/20206,340,000 $454.07 million 2.1%11.5%4.3$71.62
3/31/20206,210,000 $379.74 million 6.9%11.2%4.2$61.15
3/13/20205,807,200 $313.59 million -2.7%9.7%4.3$54.00
2/28/20205,970,000 $290.92 million -1.2%10.9%4.4$48.73
2/14/20206,040,000 $350.32 million -6.7%11.1%4.6$58.00
1/31/20206,470,000 $412.79 million 6.8%12.4%4.7$63.80
1/15/20206,060,000 $433.29 million 2.7%11.8%4.4$71.50
12/31/20195,900,000 $391.70 million -4.7%11.5%4.1$66.39

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 December 31st, investors have sold 7,940,000 shares of ESTC short. 12.68% of Elastic's shares are currently sold short. View details.

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 9.0.

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. 12.68% of Elastic's floating shares are currently sold short.

Is Elastic's short interest increasing or decreasing?

Elastic saw a decrease in short interest in the month of December. As of December 31st, there was short interest totaling 7,940,000 shares, a decrease of 2.1% from the previous total of 8,110,000 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 87,404,000 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 62,600,000 shares.

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

12.68% 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: Dassault Systèmes SE (0.00%), CrowdStrike Holdings, Inc. (0.00%), Veeva Systems Inc. (0.00%), Electronic Arts Inc. (2.40%), Synopsys, Inc. (0.00%), Cadence Design Systems, Inc. (1.03%), Okta, Inc. (0.00%), ANSYS, Inc. (0.00%), Datadog, Inc. (7.84%), and Atlassian Co. Plc (0.00%).

Which stocks are the most shorted right now?

As of the most recent reporting period, the following stocks had the largest short interest positions: Charter Communications, Inc. ($5.18 billion), ViacomCBS Inc. ($4.71 billion), Analog Devices, Inc. ($4.45 billion), Aon Plc ($4.28 billion), Snap Inc. ($3.70 billion), Moderna, Inc. ($3.00 billion), The Clorox Company ($2.46 billion), Peloton Interactive, Inc. ($2.40 billion), The Kroger Co. ($2.38 billion), and Expedia Group, Inc. ($2.37 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 up $3.36 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 December, 31 2020.

This page was last updated on 1/15/2021 by MarketBeat.com Staff

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