Singing Machine (SMDM) Short Interest Ratio & Short Volume

Short interest is the volume of Singing Machine shares that have been sold short but have not yet been covered or closed out. As of May 15th, traders have sold 10,800 shares of SMDM short. Learn More on Singing Machine's current short interest.

Singing Machine saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 10,800 shares, an increase of ∞ from the previous total of 0 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 "consumer discretionary" compare to Singing Machine: The Singing Machine Company, Inc. (2.60%), Esports Entertainment Group, Inc. (7.10%), NextPlay Technologies, Inc. (1.37%), NTN Buzztime, Inc. (7.60%), iMedia Brands, Inc. (1.79%), Spanish Broadcasting System, Inc. (0.00%), Innovative Designs, Inc. (0.00%), Ambow Education Holding Ltd. (0.17%), Brewbilt Brewing Co (0.00%), Luvu Brands, Inc. (0.00%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Charter Communications, Inc. ($3.79 billion), Palo Alto Networks, Inc. ($3.41 billion), Lucid Group, Inc. ($2.55 billion), Uber Technologies, Inc. ($2.21 billion), HP Inc. ($2.14 billion), T. Rowe Price Group, Inc. ($1.81 billion), Coinbase Global, Inc. ($1.60 billion), Take-Two Interactive Software, Inc. ($1.58 billion), Lumen Technologies, Inc. ($1.56 billion), and Rivian Automotive, Inc. ($1.55 billion). View all of the most shorted stocks.

Short selling SMDM is an investing strategy that aims to generate trading profit from Singing Machine as its price is falling. SMDM 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 Singing Machine occurs when it has a large amount of short interest and its stock increases in price. This forces short sellers to cover their short interest positions by buying actual shares of SMDM, 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 SMDM, twice per month. The most recent reporting period available is May, 15 2022.