Companhia de Saneamento Básico do Estado de São Paulo - SABESP Short Interest Ratio and Short Volume

Short interest is the volume of Companhia de Saneamento Básico do Estado de São Paulo - SABESP shares that have been sold short but have not yet been covered or closed out. As of March 31st, traders have sold 4,180,000 shares of SBS short. 0.61% of Companhia de Saneamento Básico do Estado de São Paulo - SABESP's shares are currently sold short. View details.

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. Companhia de Saneamento Básico do Estado de São Paulo - SABESP currently has a short interest ratio of 2.0.

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. 0.61% of Companhia de Saneamento Básico do Estado de São Paulo - SABESP's floating shares are currently sold short.

Companhia de Saneamento Básico do Estado de São Paulo - SABESP saw a increase in short interest in the month of March. As of March 31st, there was short interest totaling 4,180,000 shares, an increase of 13.3% from the previous total of 3,690,000 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.

Companhia de Saneamento Básico do Estado de São Paulo - SABESP currently has issued a total of 683,510,000 shares. Some of Companhia de Saneamento Básico do Estado de São Paulo - SABESP'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. Companhia de Saneamento Básico do Estado de São Paulo - SABESP currently has a public float of 683,420,000 shares.

0.61% of Companhia de Saneamento Básico do Estado de São Paulo - SABESP's shares are currently sold short. Here is how the short interest of companies in the industry of "water supply" compare to Companhia de Saneamento Básico do Estado de São Paulo - SABESP: Essential Utilities, Inc. (4.06%), California Water Service Group (0.00%), American States Water (2.12%), SJW Group (1.47%), Middlesex Water (0.00%), The York Water Company (2.15%), Cadiz Inc. (0.00%), Global Water Resources, Inc. (1.02%), Pure Cycle Co. (1.64%), and Artesian Resources Co. (0.84%).

As of the most recent reporting period, the following stocks had the largest short interest positions: Analog Devices, Inc. ($5.84 billion), Aon plc ($5.47 billion), Charter Communications, Inc. ($5.36 billion), ViacomCBS Inc. ($3.99 billion), Snap Inc. ($3.77 billion), Airbnb, Inc. ($2.90 billion), Peloton Interactive, Inc. ($2.43 billion), Discovery, Inc. ($2.38 billion), The Kroger Co. ($2.28 billion), and Expedia Group, Inc. ($2.18 billion). View all of the most shorted stocks.

Short selling SBS is an investing strategy that aims to generate trading profit from Companhia de Saneamento Básico do Estado de São Paulo - SABESP as its price is falling. Companhia de Saneamento Básico do Estado de São Paulo - SABESP's stock is trading down $0.07 today. To short Companhia de Saneamento Básico do Estado de São Paulo - SABESP 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 Companhia de Saneamento Básico do Estado de São Paulo - SABESP 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 Companhia de Saneamento Básico do Estado de São Paulo - SABESP 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 SBS, 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 SBS, twice per month. The most recent reporting period available is March, 31 2021.