Skillz - SKLZ Short Interest Ratio & Short Volume

Short interest is the volume of Skillz shares that have been sold short but have not yet been closed out or covered. As of September 15th, traders have sold 50,260,000 shares of SKLZ short. 19.19% of Skillz's shares are currently sold short. Learn More on Skillz'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. SKLZ shares currently have a short interest ratio of 6.0. Learn More on Skillz's short interest ratio.

As of the most recent reporting period, the following institutional investors, funds, and major shareholders have reported short positions of Skillz: Jane Street Group LLC, Citadel Advisors LLC, Concourse Financial Group Securities Inc., Sculptor Capital LP, Group One Trading L.P., Bank of Montreal Can, Walleye Trading LLC, IMC Chicago LLC, and Wolverine Asset Management LLC. These positions are disclosed in Form 13F filings with the Securities and Exchange Commission.

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. 19.19% of Skillz's floating shares are currently sold short.

Skillz saw a increase in short interest in September. As of September 15th, there was short interest totaling 50,260,000 shares, an increase of 4.6% from the previous total of 48,030,000 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.

Skillz currently has issued a total of 419,170,000 shares. Some of Skillz'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. Skillz currently has a public float of 261,970,000 shares.

19.19% of Skillz's shares are currently sold short. Here is how the short interest of companies in the sector of "consumer discretionary" compare to Skillz: DoubleDown Interactive Co., Ltd. (0.01%), SciPlay Co. (1.60%), Smith & Wesson Brands, Inc. (9.49%), Clarus Co. (34.50%), PLAYSTUDIOS, Inc. (2.49%), Golden Sun Education Group Limited (0.32%), Lindblad Expeditions Holdings, Inc. (19.91%), The Marcus Co. (15.35%), OneWater Marine Inc. (5.36%), and Vitru Limited (0.39%).

As of the most recent reporting period, the following stocks had the largest short interest positions: Occidental Petroleum Co. ($4.11 billion), Canadian Natural Resources Limited ($3.64 billion), Charter Communications, Inc. ($3.15 billion), Lucid Group, Inc. ($2.09 billion), Chesapeake Energy Co. ($2.02 billion), Coinbase Global, Inc. ($2.01 billion), T. Rowe Price Group, Inc. ($1.92 billion), Plug Power Inc. ($1.77 billion), Rivian Automotive, Inc. ($1.71 billion), and Williams-Sonoma, Inc. ($1.59 billion). View all of the most shorted stocks.

Short selling SKLZ is an investing strategy that aims to generate trading profit from Skillz as its price is falling. SKLZ shares are trading down $0.05 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 Skillz 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 SKLZ, 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 SKLZ, twice per month. The most recent reporting period available is September, 15 2022.