SinglePoint (SING) Short Interest Ratio & Short Volume

Short interest is the volume of SinglePoint shares that have been sold short but have not yet been covered or closed out. As of November 30th, investors have sold 1,200 shares of SING short. Learn More on SinglePoint's current short interest.

SinglePoint saw a decrease in short interest in the month of November. As of November 30th, there was short interest totaling 1,200 shares, a decrease of 40.0% from the previous total of 2,000 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 sector of "computer and technology" compare to SinglePoint: Tempo Automation Holdings, Inc. (3.08%), Global Digital Solutions, Inc. (0.02%), SPI Energy Co., Ltd. (0.51%), China Techfaith Wireless Communication Technology Limited (0.92%), and Infinite Group, Inc. (0.12%).

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 SING is an investing strategy that aims to generate trading profit from SinglePoint as its price is falling. SING shares are trading down $0.01 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 SinglePoint 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 SING, 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 SING, twice per month. The most recent reporting period available is November, 30 2023.