Affinity Energy and Health (ALGXY) Short Interest Ratio & Short Volume

Short interest is the volume of Affinity Energy and Health shares that have been sold short but have not yet been closed out or covered. As of February 28th, investors have sold 100 shares of ALGXY short. Learn More on Affinity Energy and Health'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. ALGXY shares currently have a short interest ratio of 1.0. Learn More on Affinity Energy and Health's short interest ratio.

Here is how the short interest of companies compare to Affinity Energy and Health: IQVIA Holdings Inc. (1.68%), Incyte Co. (3.90%), ICON Public Limited (2.38%), Medpace Holdings, Inc. (8.72%), Charles River Laboratories International, Inc. (6.24%), Absci Co. (23.25%), MaxCyte, Inc. (3.55%), National Research Co. (3.29%), OmniAb, Inc. (8.86%), Auxly Cannabis Group Inc. (0.02%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Charter Communications, Inc. ($4.18 billion), Microchip Technology Incorporated ($2.36 billion), McKesson Co. ($2.18 billion), Tiffany & Co. ($1.90 billion), The Charles Schwab Co. ($1.85 billion), Match Group, Inc. ($1.60 billion), Hormel Foods Co. ($1.59 billion), The Clorox Company ($1.52 billion), eBay Inc. ($1.45 billion), and Lumen Technologies, Inc. ($1.30 billion). View all of the most shorted stocks.

Short selling ALGXY is an investing strategy that aims to generate trading profit from Affinity Energy and Health 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 Affinity Energy and Health 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 ALGXY, 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 ALGXY, twice per month. The most recent reporting period available is February, 28 2020.