The Gabelli Equity Trust - GAB Short Interest Ratio & Short Volume

Short interest is the volume of The Gabelli Equity Trust shares that have been sold short but have not yet been covered or closed out. As of March 15th, investors have sold 440,200 shares of GAB short. Learn More on The Gabelli Equity Trust'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. GAB shares currently have a short interest ratio of 1.0. Learn More on The Gabelli Equity Trust's short interest ratio.

The Gabelli Equity Trust saw a increase in short interest in the month of March. As of March 15th, there was short interest totaling 440,200 shares, an increase of 323.7% from the previous total of 103,900 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 industry of "investment offices, not elsewhere classified" compare to The Gabelli Equity Trust: Goldman Sachs BDC, Inc. (1.81%), Tri-Continental Co. (1.47%), Royce Value Trust Inc. (0.03%), Liberty All-Star Equity Fund (0.11%), PIMCO Corporate & Income Opportunity Fund (0.09%), Hercules Capital, Inc. (4.44%), SRH Total Return Fund, Inc. (0.01%), Nuveen Municipal Value Fund, Inc. (0.03%), Nuveen Nasdaq 100 Dynamic Overwrite Fund (0.53%), and Adams Diversified Equity Fund, Inc. (0.55%).

As of the most recent reporting period, the following stocks had the largest short interest positions: Canadian Natural Resources Limited ($3.66 billion), Occidental Petroleum Co. ($2.62 billion), Coinbase Global, Inc. ($2.38 billion), T. Rowe Price Group, Inc. ($2.13 billion), Verisk Analytics, Inc. ($2.08 billion), Snowflake Inc. ($1.95 billion), Paramount Global ($1.78 billion), Etsy, Inc. ($1.60 billion), Teck Resources Limited ($1.51 billion), and Voya Financial, Inc. ($1.49 billion). View all of the most shorted stocks.

Short selling GAB is an investing strategy that aims to generate trading profit from The Gabelli Equity Trust as its price is falling. GAB shares are trading up $0.02 today. 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 The Gabelli Equity Trust occurs when it has a large amount of short interest and its stock increases in price. This forces short sellers to cover their short interest positions by buying actual shares of GAB, 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 GAB, twice per month. The most recent reporting period available is March, 15 2023.