Elekta AB (publ) Short Interest Ratio and Short Volume

Short interest is the volume of Elekta AB (publ) shares that have been sold short but have not yet been closed out or covered. As of March 15th, traders have sold 1,000 shares of EKTAY short.

Elekta AB (publ) saw a decrease in short interest in the month of March. As of March 15th, there was short interest totaling 1,000 shares, a decrease of 60.0% from the previous total of 2,500 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.

0.00% of Elekta AB (publ)'s shares are currently sold short. Here is how the short interest of companies in the industry of "medical laboratories" compare to Elekta AB (publ): Quest Diagnostics Incorporated (2.89%), Guardant Health, Inc. (5.63%), Natera, Inc. (0.00%), Invitae Co. (0.00%), CareDx, Inc (0.00%), Veracyte, Inc. (0.00%), Burning Rock Biotech Limited (0.00%), Fulgent Genetics, Inc. (27.54%), Genetron Holdings Limited (0.34%), and Castle Biosciences, Inc. (0.00%).

As of the most recent reporting period, the following stocks had the largest short interest positions: Aon plc ($5.64 billion), Analog Devices, Inc. ($5.59 billion), Charter Communications, Inc. ($5.47 billion), ViacomCBS Inc. ($4.95 billion), Baidu, Inc. ($3.51 billion), Snap Inc. ($3.18 billion), Airbnb, Inc. ($2.38 billion), The Kroger Co. ($2.28 billion), Expedia Group, Inc. ($2.24 billion), and Bilibili Inc. ($2.06 billion). View all of the most shorted stocks.

Short selling EKTAY is an investing strategy that aims to generate trading profit from Elekta AB (publ) as its price is falling. Elekta AB (publ)'s stock is trading up $0.15 today. To short Elekta AB (publ) 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 Elekta AB (publ) 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 Elekta AB (publ) 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 EKTAY, 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 EKTAY, twice per month. The most recent reporting period available is March, 15 2021.