Hall of Fame Resort & Entertainment (HOFV) Short Interest Ratio & Short Volume

Short interest is the volume of Hall of Fame Resort & Entertainment shares that have been sold short but have not yet been closed out or covered. As of April 15th, traders have sold 412,300 shares of HOFV short. 9.37% of Hall of Fame Resort & Entertainment's shares are currently sold short. Learn More on Hall of Fame Resort & Entertainment'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. HOFV shares currently have a short interest ratio of 26.0. Learn More on Hall of Fame Resort & Entertainment's short interest ratio.

Companies that have a short interest as a percentage of float below 10% indicates positive investor sentiment and few short sellers. Stocks with a short interest percentage above 10% is considered high, suggesting some investors are pessimistic about the stock. Companies with a short interest percentage of 20% or more indicates widespread negative sentiment. 9.37% of Hall of Fame Resort & Entertainment's floating shares are currently sold short.

Hall of Fame Resort & Entertainment saw a decline in short interest in April. As of April 15th, there was short interest totaling 412,300 shares, a decline of 2.4% from the previous total of 422,400 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.

Hall of Fame Resort & Entertainment currently has issued a total of 6,500,000 shares. Some of Hall of Fame Resort & Entertainment's outstanding shares are available for trading, while others are subject to various restrictions. The public float, also referred to as floating shares or "the float", are shares that publicly owned, unrestricted and available to trade on the open market. Hall of Fame Resort & Entertainment currently has a public float of 4,400,000 shares.

9.37% of Hall of Fame Resort & Entertainment's shares are currently sold short. Here is how the short interest of companies in the sector of "consumer discretionary" compare to Hall of Fame Resort & Entertainment: Golden Heaven Group Holdings Ltd. (7.58%), Clover Leaf Capital Corp. (0.01%), Four Seasons Education (Cayman) Inc. (0.08%), Vince Holding Corp. (0.69%), Connexa Sports Technologies Inc. (1.90%), Beasley Broadcast Group, Inc. (0.32%), HWH International Inc. (5.37%), Fujian Blue Hat Interactive Entertainment Technology Ltd. (0.42%), Maison Solutions Inc. (30.67%), Phoenix New Media Limited (0.56%),

As of the most recent reporting period, the following stocks had the largest short interest positions: T-Mobile US, Inc. ($3.70 billion), Occidental Petroleum Co. ($3.52 billion), Charter Communications, Inc. ($3.14 billion), General Motors ($2.68 billion), Coinbase Global, Inc. ($2.57 billion), Moderna, Inc. ($2.18 billion), Tractor Supply ($2.10 billion), Royal Caribbean Cruises Ltd. ($1.91 billion), TC Energy Co. ($1.90 billion), and Williams-Sonoma, Inc. ($1.78 billion). View all of the most shorted stocks.

Short selling HOFV is an investing strategy that aims to generate trading profit from Hall of Fame Resort & Entertainment as its price is falling. HOFV shares are trading up $0.03 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 Hall of Fame Resort & Entertainment 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 HOFV, 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 HOFV, twice per month. The most recent reporting period available is April, 15 2024.