BYND Cannasoft Enterprises (BCAN) Short Interest Ratio & Short Volume

Short interest is the volume of BYND Cannasoft Enterprises shares that have been sold short but have not yet been covered or closed out. As of October 31st, investors have sold 13,700 shares of BCAN short. 0.22% of BYND Cannasoft Enterprises' shares are currently sold short. Learn More on BYND Cannasoft Enterprises' current short interest.

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. 0.22% of BYND Cannasoft Enterprises' floating shares are currently sold short.

BYND Cannasoft Enterprises saw a increase in short interest during the month of October. As of October 31st, there was short interest totaling 13,700 shares, an increase of 45.7% from the previous total of 9,400 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.

BYND Cannasoft Enterprises currently has issued a total of 650,000 shares. Some of BYND Cannasoft Enterprises' 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. BYND Cannasoft Enterprises currently has a public float of 6,120,000 shares.

0.22% of BYND Cannasoft Enterprises' shares are currently sold short. Here is how the short interest of companies in the industry of "computer software" compare to BYND Cannasoft Enterprises: CXApp Inc. (3.75%), Hitek Global Inc. (0.09%), GigaMedia Limited (0.45%), GSE Systems, Inc. (1.48%), ARB IOT Group Limited (2.60%), Streamline Health Solutions, Inc. (0.57%), Datasea Inc. (0.82%), MultiMetaVerse Holdings Limited (1.97%), Hanryu Holdings, Inc. (1.40%), Bridgeline Digital, Inc. (1.05%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Charter Communications, Inc. ($4.08 billion), AppLovin Co. ($3.18 billion), Paychex, Inc. ($2.64 billion), Nu Holdings Ltd. ($2.54 billion), International Paper ($2.46 billion), Cencora, Inc. ($2.27 billion), Moderna, Inc. ($1.87 billion), SoFi Technologies, Inc. ($1.81 billion), Lululemon Athletica Inc. ($1.75 billion), and Onsemi ($1.71 billion). View all of the most shorted stocks.

Short selling BCAN is an investing strategy that aims to generate trading profit from BYND Cannasoft Enterprises as its price is falling. BCAN shares are trading down $0.20 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 BYND Cannasoft Enterprises 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 BCAN, 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 BCAN, twice per month. The most recent reporting period available is October, 31 2024.