Electronic Systems Technology (ELST) Short Interest Ratio & Short Volume

Short interest is the volume of Electronic Systems Technology shares that have been sold short but have not yet been closed out or covered. As of November 30th, investors have sold 900 shares of ELST short. Learn More on Electronic Systems Technology'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. ELST shares currently have a short interest ratio of 1.0. Learn More on Electronic Systems Technology's short interest ratio.

Here is how the short interest of companies in the industry of "electronic equipment" compare to Electronic Systems Technology: Maxeon Solar Technologies, Ltd. (13.04%), Digital Ally, Inc. (356.55%), The Coretec Group Inc. (0.04%), Solar Energy Initiatives, Inc. (0.00%), Touchpoint Group Holdings, Inc. (0.00%), Andrea Electronics Co. (0.00%),

As of the most recent reporting period, the following stocks had the largest short interest positions: RTX Co. ($6.17 billion), Canadian Natural Resources Limited ($3.99 billion), T-Mobile US, Inc. ($3.78 billion), Charter Communications, Inc. ($3.37 billion), Coinbase Global, Inc. ($2.89 billion), Suncor Energy Inc. ($2.83 billion), Occidental Petroleum Co. ($2.64 billion), Tractor Supply ($2.31 billion), Royal Caribbean Cruises Ltd. ($1.73 billion), and Rivian Automotive, Inc. ($1.71 billion). View all of the most shorted stocks.

Short selling ELST is an investing strategy that aims to generate trading profit from Electronic Systems Technology 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 Electronic Systems Technology 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 ELST, 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 ELST, twice per month. The most recent reporting period available is November, 30 2023.