Global X Solar ETF (RAYS) Short Interest Ratio & Short Volume

Short interest is the volume of Global X Solar ETF shares that have been sold short but have not yet been covered or closed out. As of December 31st, traders have sold 5,400 shares of RAYS short. Learn More on Global X Solar ETF'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. RAYS shares currently have a short interest ratio of 1.0. Learn More on Global X Solar ETF's short interest ratio.

Global X Solar ETF saw a drop in short interest in December. As of December 31st, there was short interest totaling 5,400 shares, a drop of 76.8% from the previous total of 23,300 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 Global X Solar ETF: iShares MSCI Water Management Multisector ETF (0.70%), National Security Emerging Markets Index ETF (0.13%), Invesco ESG NASDAQ Next Gen 100 ETF (0.24%), First Trust Indxx Global Agriculture ETF (0.08%), iShares Energy Storage & Materials ETF (1.29%), First Trust S-Network E-Commerce ETF (0.13%), Sprott Lithium Miners ETF (0.30%), Xtrackers Cybersecurity Select Equity ETF (0.30%), Global X Disruptive Materials ETF (0.12%), iShares MSCI China Multisector Tech ETF (4.30%),

As of the most recent reporting period, the following stocks had the largest short interest positions: AppLovin Co. ($5.83 billion), Charter Communications, Inc. ($3.77 billion), Reddit, Inc. ($2.98 billion), The Kroger Co. ($2.97 billion), International Paper ($2.64 billion), SoFi Technologies, Inc. ($1.99 billion), Rivian Automotive, Inc. ($1.93 billion), Onsemi ($1.81 billion), SoundHound AI, Inc. ($1.59 billion), and Moderna, Inc. ($1.57 billion). View all of the most shorted stocks.

Short selling RAYS is an investing strategy that aims to generate trading profit from Global X Solar ETF as its price is falling. RAYS shares are trading down $0.25 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 Global X Solar ETF 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 RAYS, 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 RAYS, twice per month. The most recent reporting period available is December, 31 2024.