Fly Leasing (FLY) Short Interest Ratio & Short Volume

Short interest is the volume of Fly Leasing shares that have been sold short but have not yet been covered or closed out. As of July 15th, investors have sold 941,600 shares of FLY short. Learn More on Fly Leasing'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. FLY shares currently have a short interest ratio of 4.0. Learn More on Fly Leasing's short interest ratio.

Fly Leasing saw a increase in short interest in July. As of July 15th, there was short interest totaling 941,600 shares, an increase of 2.5% from the previous total of 918,300 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.

Here is how the short interest of companies in the sector of "transportation" compare to Fly Leasing: Safe Bulkers, Inc. (4.07%), Covenant Logistics Group, Inc. (0.92%), Spirit Airlines, Inc. (24.04%), PowerFleet, Inc. (6.45%), Overseas Shipholding Group, Inc. (1.00%), Cool Company Ltd. (1.07%), Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (0.81%), Ardmore Shipping Co. (2.42%), Teekay Co. (0.74%), Forward Air Co. (15.57%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Advanced Micro Devices, Inc. ($7.55 billion), Block, Inc. ($7.47 billion), S&P Global Inc. ($7.40 billion), Analog Devices, Inc. ($6.82 billion), Aon plc ($5.98 billion), Charter Communications, Inc. ($5.10 billion), Wayfair Inc. ($4.38 billion), AMC Entertainment Holdings, Inc. ($2.87 billion), Teladoc Health, Inc. ($2.55 billion), and Nuance Communications, Inc. ($2.41 billion). View all of the most shorted stocks.

Short selling FLY is an investing strategy that aims to generate trading profit from Fly Leasing 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 Fly Leasing 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 FLY, 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 FLY, twice per month. The most recent reporting period available is July, 15 2021.