500.com (WBAI) Short Interest Ratio & Short Volume

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. WBAI shares currently have a short interest ratio of 1.8. Learn More on 500.com's short interest ratio.

500.com saw a drop in short interest in the month of March. As of March 31st, there was short interest totaling 1,650,000 shares, a drop of 13.6% from the previous total of 1,910,000 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.

Here is how the short interest of companies in the sector of "consumer discretionary" compare to 500.com: DouYu International Holdings Limited Sponsored ADR (0.38%), Hooker Furnishings Corp. (1.79%), Duluth Holdings Inc. (1.64%), Bassett Furniture Industries, Incorporated (3.38%), GreenTree Hospitality Group Ltd. Sponsored ADR (0.18%), American Outdoor Brands, Inc. (6.05%), Traeger, Inc. (2.37%), Townsquare Media, Inc. (4.00%), Clarus Corporation (5.36%), Skillz Inc. (26.68%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Analog Devices, Inc. ($5.58 billion), Charter Communications, Inc. ($5.48 billion), Aon plc ($5.31 billion), Airbnb, Inc. ($3.01 billion), Snap Inc. ($2.99 billion), Peloton Interactive, Inc. ($2.30 billion), The Kroger Co. ($2.29 billion), Expedia Group, Inc. ($2.23 billion), GameStop Corp. ($2.03 billion), and Marathon Petroleum Corporation ($1.85 billion). View all of the most shorted stocks.

Short selling WBAI is an investing strategy that aims to generate trading profit from 500.com as its price is falling. WBAI 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 500.com 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 WBAI, 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 WBAI, twice per month. The most recent reporting period available is March, 31 2021.