Elio Motors (ELIO) Short Interest Ratio & Short Volume

Short interest is the volume of Elio Motors shares that have been sold short but have not yet been closed out or covered. As of September 30th, investors have sold 4,600 shares of ELIO short. Learn More on Elio Motors' current short interest.

Elio Motors saw a increase in short interest in September. As of September 30th, there was short interest totaling 4,600 shares, an increase of 119.0% from the previous total of 2,100 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 industry of "motor vehicles & car bodies" compare to Elio Motors: Ferrari (1.33%), Faraday Future Intelligent Electric Inc. (25.52%), Volcon, Inc. (1.87%), Arrival (21.66%), Electrameccanica Vehicles Corp. (0.02%), Fisker Inc. (28.70%), Vicinity Motor Corp. (0.02%), REE Automotive Ltd. (2.07%), Cenntro Inc. (3.89%), Workhorse Group Inc. (17.59%),

As of the most recent reporting period, the following stocks had the largest short interest positions: S&P Global Inc. ($7.35 billion), Advanced Micro Devices, Inc. ($6.43 billion), Charter Communications, Inc. ($5.68 billion), Wayfair Inc. ($4.48 billion), Uber Technologies, Inc. ($3.77 billion), Canadian Pacific Kansas City Limited ($3.73 billion), Palo Alto Networks, Inc. ($3.10 billion), Zoom Video Communications, Inc. ($2.87 billion), Match Group, Inc. ($2.83 billion), and DoorDash, Inc. ($2.54 billion). View all of the most shorted stocks.

Short selling ELIO is an investing strategy that aims to generate trading profit from Elio Motors 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 Elio Motors 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 ELIO, 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 ELIO, twice per month. The most recent reporting period available is September, 30 2021.