Absolute Software (ABST) Short Interest Ratio & Short Volume

Short interest is the volume of Absolute Software shares that have been sold short but have not yet been covered or closed out. As of July 15th, investors have sold 176,600 shares of ABST short. Learn More on Absolute Software's current short interest.

Absolute Software saw a decrease in short interest during the month of July. As of July 15th, there was short interest totaling 176,600 shares, a decrease of 8.8% from the previous total of 193,600 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.

Here is how the short interest of companies compare to Absolute Software: Ero Copper Corp. (2.54%), Carlyle Secured Lending, Inc. (0.72%), Eagle Point Credit Company Inc. (1.01%), The Taiwan Fund, Inc. (0.10%), Princeton Bancorp, Inc. (0.59%), Kolibri Global Energy Inc. (0.05%), Vishay Intertechnology, Inc. (9.62%), Calix, Inc. (4.41%), Weibo Co. (7.94%), Criteo S.A. (5.53%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Coinbase Global, Inc. ($3.75 billion), Charter Communications, Inc. ($3.17 billion), Occidental Petroleum Co. ($2.86 billion), Rivian Automotive, Inc. ($2.29 billion), T. Rowe Price Group, Inc. ($2.13 billion), Royal Caribbean Cruises Ltd. ($2.05 billion), Palantir Technologies Inc. ($2.04 billion), Extra Space Storage Inc. ($1.98 billion), Enphase Energy, Inc. ($1.66 billion), and Tractor Supply ($1.61 billion). View all of the most shorted stocks.

Short selling ABST is an investing strategy that aims to generate trading profit from Absolute Software as its price is falling. ABST 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 Absolute Software 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 ABST, 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 ABST, twice per month. The most recent reporting period available is July, 15 2023.