SPI Energy (SPI) Short Interest Ratio & Short Volume

Short interest is the volume of SPI Energy shares that have been sold short but have not yet been closed out or covered. As of April 30th, traders have sold 71,400 shares of SPI short. 0.31% of SPI Energy's shares are currently sold short. Learn More on SPI Energy'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. SPI shares currently have a short interest ratio of 1.0. Learn More on SPI Energy'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. 0.31% of SPI Energy's floating shares are currently sold short.

SPI Energy saw a drop in short interest in April. As of April 30th, there was short interest totaling 71,400 shares, a drop of 14.6% from the previous total of 83,600 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.

SPI Energy currently has issued a total of 31,600,000 shares. Some of SPI Energy'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. SPI Energy currently has a public float of 23,220,000 shares.

0.31% of SPI Energy's shares are currently sold short. Here is how the short interest of companies in the sector of "oils/energy" compare to SPI Energy: iSun, Inc. (3.82%), Complete Solaria, Inc. (1.74%), FTC Solar, Inc. (18.15%), Eco Wave Power Global AB (publ) (0.98%), Sunrise New Energy Co., Ltd. (0.23%), Snow Lake Resources Ltd. (0.22%), Mesa Royalty Trust (0.38%), Independence Contract Drilling, Inc. (4.10%), noco-noco Inc. (0.21%), Global Gas Co. (3.19%),

As of the most recent reporting period, the following stocks had the largest short interest positions: T-Mobile US, Inc. ($3.98 billion), Occidental Petroleum Co. ($3.35 billion), Charter Communications, Inc. ($3.06 billion), General Motors ($2.88 billion), Moderna, Inc. ($2.32 billion), Tractor Supply ($2.27 billion), Royal Caribbean Cruises Ltd. ($2.22 billion), Coinbase Global, Inc. ($2.18 billion), Williams-Sonoma, Inc. ($1.95 billion), and Chesapeake Energy Co. ($1.52 billion). View all of the most shorted stocks.

Short selling SPI is an investing strategy that aims to generate trading profit from SPI Energy as its price is falling. SPI shares are trading down $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 SPI Energy 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 SPI, 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 SPI, twice per month. The most recent reporting period available is April, 30 2024.