Six Flags Entertainment (SIX) Short Interest Ratio & Short Volume

Short interest is the volume of Six Flags Entertainment shares that have been sold short but have not yet been closed out or covered. As of April 15th, traders have sold 5,590,000 shares of SIX short. 6.76% of Six Flags Entertainment's shares are currently sold short. Learn More on Six Flags 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. SIX shares currently have a short interest ratio of 7.0. Learn More on Six Flags Entertainment's short interest ratio.

As of the most recent reporting period, the following institutional investors, funds, and major shareholders have reported short positions of Six Flags Entertainment: Simplex Trading LLC, PEAK6 Investments LLC, Concourse Financial Group Securities Inc., Simplex Trading LLC, and Wolverine Asset Management LLC. These positions are disclosed in Form 13F filings with the Securities and Exchange Commission.

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. 6.76% of Six Flags Entertainment's floating shares are currently sold short.

Six Flags Entertainment saw a drop in short interest in April. As of April 15th, there was short interest totaling 5,590,000 shares, a drop of 12.0% from the previous total of 6,350,000 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.

Six Flags Entertainment currently has issued a total of 84,130,000 shares. Some of Six Flags 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. Six Flags Entertainment currently has a public float of 82,710,000 shares.

6.76% of Six Flags Entertainment's shares are currently sold short. Here is how the short interest of companies in the sector of "consumer discretionary" compare to Six Flags Entertainment: Vail Resorts, Inc. (5.28%), Cedar Fair, L.P. (6.44%), Madison Square Garden Entertainment Corp. (5.71%), Super Group Limited (0.84%), Rush Street Interactive, Inc. (0.94%), Golden Entertainment, Inc. (2.64%), Xponential Fitness, Inc. (14.59%), International Game Technology PLC (1.23%), Madison Square Garden Sports Corp. (1.88%), Adtalem Global Education Inc. (5.07%),

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 SIX is an investing strategy that aims to generate trading profit from Six Flags Entertainment as its price is falling. SIX shares are trading down $0.38 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 Six Flags 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 SIX, 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 SIX, twice per month. The most recent reporting period available is April, 15 2024.