Kona Grill (KONAQ) Short Interest Ratio & Short Volume

Short interest is the volume of Kona Grill shares that have been sold short but have not yet been covered or closed out. As of May 14th, traders have sold 16,400 shares of KONAQ short. Learn More on Kona Grill'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. KONAQ shares currently have a short interest ratio of 1.0. Learn More on Kona Grill's short interest ratio.

Kona Grill saw a drop in short interest in the month of May. As of May 14th, there was short interest totaling 16,400 shares, a drop of 19.2% from the previous total of 20,300 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 "restaurants, hotels, motels" compare to Kona Grill: Noble Roman's Inc. (0.25%), Pinstripes Holdings Inc. (0.91%), Hilton Worldwide Holdings Inc. (3.83%), Restaurant Brands International Inc. (4.85%), Intercontinental Hotels Group (0.79%), Yum China (1.97%), Aramark (3.27%), and Luckin Coffee Inc. Sponsored ADR (0.93%).

As of the most recent reporting period, the following stocks had the largest short interest positions: Aon plc ($6.79 billion), Charter Communications, Inc. ($5.98 billion), Analog Devices, Inc. ($5.56 billion), S&P Global Inc. ($5.37 billion), Airbnb, Inc. ($3.72 billion), Nuance Communications, Inc. ($2.87 billion), Snap Inc. ($2.70 billion), Expedia Group, Inc. ($2.27 billion), The Kroger Co. ($2.19 billion), and VMware, Inc. ($2.04 billion). View all of the most shorted stocks.

Short selling KONAQ is an investing strategy that aims to generate trading profit from Kona Grill 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 Kona Grill 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 KONAQ, 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 KONAQ, twice per month. The most recent reporting period available is May, 14 2021.