Ascena Retail Group (ASNAQ) Short Interest Ratio & Short Volume

Short interest is the volume of Ascena Retail Group shares that have been sold short but have not yet been covered or closed out. As of February 26th, investors have sold 514,300 shares of ASNAQ short. Learn More on Ascena Retail Group'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. ASNAQ shares currently have a short interest ratio of 2.0. Learn More on Ascena Retail Group's short interest ratio.

Ascena Retail Group saw a drop in short interest in the month of February. As of February 26th, there was short interest totaling 514,300 shares, a drop of 37.7% from the previous total of 824,900 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 "retail/wholesale" compare to Ascena Retail Group: Express, Inc. (16.70%), Digital Brands Group, Inc. (3.30%), Marketing Worldwide Corp (0.00%), Boqii Holding Limited (1.35%), Jeffs' Brands Ltd (6.61%), Balincan USA, Inc. (0.21%), Maison Luxe, Inc. (0.03%), Onfolio Holdings, Inc. (0.61%), Logiq, Inc. (0.00%), Secoo Holding Limited (4.27%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Aon plc ($5.72 billion), Analog Devices, Inc. ($5.42 billion), Charter Communications, Inc. ($4.94 billion), Snap Inc. ($3.85 billion), Airbnb, Inc. ($2.46 billion), Warner Bros. Discovery, Inc. ($2.34 billion), Futu Holdings Limited ($2.31 billion), The Kroger Co. ($2.05 billion), Palo Alto Networks, Inc. ($1.89 billion), and Marathon Petroleum Co. ($1.87 billion). View all of the most shorted stocks.

Short selling ASNAQ is an investing strategy that aims to generate trading profit from Ascena Retail Group 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 Ascena Retail Group 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 ASNAQ, 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 ASNAQ, twice per month. The most recent reporting period available is February, 26 2021.