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DigiAsia (FAAS) Short Interest Ratio & Short Volume

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$0.55 -0.07 (-10.99%)
(As of 11:30 AM ET)

DigiAsia Short Interest Data

DigiAsia (FAAS) has a short interest of 357,300 shares, representing 3.34% of the float (the number of shares available for trading by the public). This marks a 51.98% increase in short interest from the previous month. The short interest ratio (days to cover) is 0.5, indicating that it would take 0.5 days of the average trading volume of 240,321 shares to cover all short positions.

Current Short Interest
357,300 shares
Previous Short Interest
235,100 shares
Change Vs. Previous Month
+51.98%
Dollar Volume Sold Short
$368,019.00
Short Interest Ratio
0.5 Days to Cover
Last Record Date
October 31, 2024
Outstanding Shares
10,690,000 shares
Float Size
10,690,000 shares
Short Percent of Float
3.34%
Today's Trading Volume
66,954 shares
Average Trading Volume
240,321 shares
Today's Volume Vs. Average
28%
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FAAS Short Interest Over Time

FAAS Days to Cover Over Time

FAAS Percentage of Float Shorted Over Time

DigiAsia Short Interest History

Report DateTotal Shares Sold ShortDollar Volume Sold ShortChange from Previous ReportPercentage of Float ShortedDays to CoverPrice on Report Date
10/31/2024357,300 shares $368,019.00 +52.0%3.3%0.5 $1.03
10/15/2024235,100 shares $387,915.00 -25.2%2.2%0.4 $1.65
9/30/2024314,400 shares $613,080.00 +369.3%2.9%0.5 $1.95
9/15/202467,000 shares $80,400.00 -53.3%0.6%0.2 $1.20
8/31/2024143,500 shares $186,550.00 +234.5%4.5%1.4 $1.30
8/15/202442,900 shares $53,629.29 +56.6%1.3%0.8 $1.25
7/31/202427,400 shares $51,512.00 +24.6%0.9%0.8 $1.88
7/15/202422,000 shares $74,800.00 No Change0.7%1.4 $3.40

FAAS Short Interest - Frequently Asked Questions

What is DigiAsia's current short interest?

Short interest is the volume of DigiAsia shares that have been sold short but have not yet been closed out or covered. As of October 31st, investors have sold 357,300 shares of FAAS short. 3.34% of DigiAsia's shares are currently sold short. Learn More on DigiAsia's current short interest.

What is a good short interest percentage for DigiAsia?

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. 3.34% of DigiAsia's floating shares are currently sold short.

Is DigiAsia's short interest increasing or decreasing?

DigiAsia saw a increase in short interest during the month of October. As of October 31st, there was short interest totaling 357,300 shares, an increase of 52.0% from the previous total of 235,100 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.

What is DigiAsia's float size?

DigiAsia currently has issued a total of 10,690,000 shares. Some of DigiAsia'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. DigiAsia currently has a public float of 10,690,000 shares.

How does DigiAsia's short interest compare to its competitors?

3.34% of DigiAsia's shares are currently sold short. Here is how the short interest of companies in the industry of "computer software" compare to DigiAsia: Abits Group Inc. (1.61%), 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%),

Which stocks are the most shorted right now?

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.

What does it mean to sell short DigiAsia stock?

Short selling FAAS is an investing strategy that aims to generate trading profit from DigiAsia as its price is falling. FAAS shares are trading down $0.07 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.

How does a short squeeze work against DigiAsia?

A short squeeze for DigiAsia 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 FAAS, which in turn drives the price of the stock up even further.

How often is DigiAsia's short interest reported?

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including FAAS, twice per month. The most recent reporting period available is October, 31 2024.




This page (NASDAQ:FAAS) was last updated on 11/21/2024 by MarketBeat.com Staff
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