Ameristar Casinos (ASCA) Short Interest Ratio & Short Volume

Short interest is the volume of Ameristar Casinos shares that have been sold short but have not yet been closed out or covered. As of March 15th, investors have sold 14,600 shares of ASCA short. 0.52% of Ameristar Casinos' shares are currently sold short. Learn More on Ameristar Casinos' 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. ASCA shares currently have a short interest ratio of 1.0. Learn More on Ameristar Casinos'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. 0.52% of Ameristar Casinos' floating shares are currently sold short.

Ameristar Casinos saw a increase in short interest in March. As of March 15th, there was short interest totaling 14,600 shares, an increase of 595.2% from the previous total of 2,100 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.

Ameristar Casinos currently has issued a total of 3,730,000 shares. Some of Ameristar Casinos' 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. Ameristar Casinos currently has a public float of 2,800,000 shares.

0.52% of Ameristar Casinos' shares are currently sold short. Here is how the short interest of companies in the sector of "unclassified" compare to Ameristar Casinos: Quantum FinTech Acquisition Co. (0.13%), Aurora Technology Acquisition Corp. (0.91%), EF Hutton Acquisition Co. I (0.09%), Healthcare AI Acquisition Corp. (0.04%), Next.e.GO (1.93%), Keyarch Acquisition Co. (0.04%), Western Acquisition Ventures Corp. (0.79%), Broad Capital Acquisition Corp. (0.01%), Banyan Acquisition Co. (0.23%), Mountain Crest Acquisition Corp. V (0.03%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Cummins Inc. ($8.93 billion), Canadian Natural Resources Limited ($7.79 billion), Super Micro Computer, Inc. ($4.31 billion), T-Mobile US, Inc. ($4.00 billion), General Motors ($3.36 billion), Occidental Petroleum Co. ($3.10 billion), Charter Communications, Inc. ($2.92 billion), Coinbase Global, Inc. ($2.74 billion), Tractor Supply ($2.72 billion), and Moderna, Inc. ($2.31 billion). View all of the most shorted stocks.

Short selling ASCA is an investing strategy that aims to generate trading profit from Ameristar Casinos 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 Ameristar Casinos 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 ASCA, 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 ASCA, twice per month. The most recent reporting period available is March, 15 2024.