Sendas Distribuidora (ASAI) Short Interest Ratio & Short Volume

Short interest is the volume of Sendas Distribuidora shares that have been sold short but have not yet been covered or closed out. As of January 15th, traders have sold 4,510,000 shares of ASAI short. Learn More on Sendas Distribuidora'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. ASAI shares currently have a short interest ratio of 5.0. Learn More on Sendas Distribuidora's short interest ratio.

As of the most recent reporting period, the following institutional investors, funds, and major shareholders have reported short positions of Sendas Distribuidora: Concourse Financial Group Securities Inc.. These positions are disclosed in Form 13F filings with the Securities and Exchange Commission.

Sendas Distribuidora saw a decline in short interest during the month of January. As of January 15th, there was short interest totaling 4,510,000 shares, a decline of 26.2% from the previous total of 6,110,000 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 in the industry of "retail" compare to Sendas Distribuidora: Rush Enterprises, Inc. (0.96%), Wayfair Inc. (18.61%), BBB Foods Inc. (3.59%), Boot Barn Holdings, Inc. (10.04%), Academy Sports and Outdoors, Inc. (12.49%), Cosan S.A. (0.62%), Revolve Group, Inc. (17.74%), Savers Value Village, Inc. (23.13%), Grocery Outlet Holding Corp. (16.11%), Suburban Propane Partners, L.P. (1.78%),

As of the most recent reporting period, the following stocks had the largest short interest positions: AppLovin Co. ($4.18 billion), Charter Communications, Inc. ($3.91 billion), Reddit, Inc. ($3.16 billion), The Kroger Co. ($2.75 billion), International Paper ($2.57 billion), Cencora, Inc. ($2.06 billion), SoFi Technologies, Inc. ($2.06 billion), Rivian Automotive, Inc. ($2.00 billion), Live Nation Entertainment, Inc. ($1.63 billion), and Hims & Hers Health, Inc. ($1.57 billion). View all of the most shorted stocks.

Short selling ASAI is an investing strategy that aims to generate trading profit from Sendas Distribuidora as its price is falling. 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 Sendas Distribuidora 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 ASAI, 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 ASAI, twice per month. The most recent reporting period available is January, 15 2025.