Singing Machine (MICS) Short Interest Ratio & Short Volume

Short interest is the volume of Singing Machine shares that have been sold short but have not yet been covered or closed out. As of August 15th, traders have sold 36,300 shares of MICS short. 2.21% of Singing Machine's shares are currently sold short. Learn More on Singing Machine's 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. 2.21% of Singing Machine's floating shares are currently sold short.

Singing Machine saw a decrease in short interest during the month of August. As of August 15th, there was short interest totaling 36,300 shares, a decrease of 31.6% from the previous total of 53,100 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.

Singing Machine currently has issued a total of 4,220,000 shares. Some of Singing Machine'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. Singing Machine currently has a public float of 1,640,000 shares.

2.21% of Singing Machine's shares are currently sold short. Here is how the short interest of companies compare to Singing Machine: SuperCom Ltd. (0.86%), Integrated Media Technology Limited (2.35%), AquaBounty Technologies, Inc. (2.28%), Sacks Parente Golf, Inc. (5.23%), Fujian Blue Hat Interactive Entertainment Technology Ltd. (2.36%), B.O.S. Better Online Solutions Ltd. (0.49%), Sony Group Co. (0.16%), Peloton Interactive, Inc. (16.97%), Sonos, Inc. (8.11%), Topgolf Callaway Brands Corp. (12.24%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Charter Communications, Inc. ($4.23 billion), Aptiv PLC ($2.50 billion), Royal Caribbean Cruises Ltd. ($2.48 billion), Paychex, Inc. ($2.25 billion), Moderna, Inc. ($2.17 billion), Cencora, Inc. ($2.12 billion), Tractor Supply ($1.93 billion), Onsemi ($1.82 billion), International Paper ($1.81 billion), and Rivian Automotive, Inc. ($1.72 billion). View all of the most shorted stocks.

Short selling MICS is an investing strategy that aims to generate trading profit from Singing Machine as its price is falling. MICS shares are trading up $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 Singing Machine 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 MICS, 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 MICS, twice per month. The most recent reporting period available is August, 15 2024.