Absolute Software (ALSWF) Short Interest Ratio & Short Volume

Short interest is the volume of Absolute Software shares that have been sold short but have not yet been closed out or covered. As of October 15th, traders have sold 190,400 shares of ALSWF short. Learn More on Absolute Software'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. ALSWF shares currently have a short interest ratio of 24.0. Learn More on Absolute Software's short interest ratio.

Absolute Software saw a increase in short interest in the month of October. As of October 15th, there was short interest totaling 190,400 shares, an increase of 13.7% from the previous total of 167,400 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 "computer and technology" compare to Absolute Software: FIH Mobile Limited (0.00%), IQE plc (0.00%), ams-OSRAM AG (0.00%), GREE, Inc. (0.03%), Konica Minolta, Inc. (0.00%), Alps Alpine Co., Ltd. (0.00%), nLIGHT, Inc. (2.88%), Kimball Electronics, Inc. (2.52%), Planet Labs PBC (4.09%), SecureWorks Corp. (0.63%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Charter Communications, Inc. ($5.12 billion), Aon plc ($3.90 billion), The Clorox Company ($3.00 billion), Analog Devices, Inc. ($2.81 billion), The Kroger Co. ($2.31 billion), Moderna, Inc. ($2.09 billion), Datadog, Inc. ($2.05 billion), Uber Technologies, Inc. ($1.99 billion), Peloton Interactive, Inc. ($1.94 billion), and International Flavors & Fragrances Inc. ($1.85 billion). View all of the most shorted stocks.

Short selling ALSWF is an investing strategy that aims to generate trading profit from Absolute Software 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 Absolute Software 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 ALSWF, 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 ALSWF, twice per month. The most recent reporting period available is October, 15 2020.