Boyd Group Income Fund (BFGIF) Short Interest Ratio & Short Volume

Short interest is the volume of Boyd Group Income Fund shares that have been sold short but have not yet been closed out or covered. As of December 31st, investors have sold 500 shares of BFGIF short. Learn More on Boyd Group Income Fund'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. BFGIF shares currently have a short interest ratio of 1.0. Learn More on Boyd Group Income Fund's short interest ratio.

Boyd Group Income Fund saw a decrease in short interest in December. As of December 31st, there was short interest totaling 500 shares, a decrease of 44.4% from the previous total of 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.

As of the most recent reporting period, the following stocks had the largest short interest positions: Tesla, Inc. ($14.83 billion), Netflix, Inc. ($7.72 billion), Advanced Micro Devices, Inc. ($4.69 billion), Charter Communications, Inc. ($4.67 billion), Microchip Technology Incorporated ($3.40 billion), Centene Co. ($3.26 billion), Match Group, Inc. ($2.67 billion), Teladoc Health, Inc. ($2.31 billion), Snap Inc. ($2.24 billion), and Wayfair Inc. ($2.22 billion). View all of the most shorted stocks.

Short selling BFGIF is an investing strategy that aims to generate trading profit from Boyd Group Income Fund as its price is falling. BFGIF shares are trading up $1.36 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 Boyd Group Income Fund 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 BFGIF, 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 BFGIF, twice per month. The most recent reporting period available is December, 31 2019.