Sphere Entertainment (SPHR) Short Interest Ratio & Short Volume

Short interest is the volume of Sphere Entertainment shares that have been sold short but have not yet been closed out or covered. As of October 31st, investors have sold 7,480,000 shares of SPHR short. 27.53% of Sphere Entertainment's shares are currently sold short. Learn More on Sphere Entertainment'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. SPHR shares currently have a short interest ratio of 9.0. Learn More on Sphere Entertainment's short interest ratio.

As of the most recent reporting period, the following institutional investors, funds, and major shareholders have reported short positions of Sphere Entertainment: Jane Street Group LLC, Wolverine Trading LLC, Centiva Capital LP, Walleye Trading LLC, Walleye Capital LLC, PEAK6 Investments LLC, and Portman Square Capital LLP. These positions are disclosed in Form 13F filings with the Securities and Exchange Commission.

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. 27.53% of Sphere Entertainment's floating shares are currently sold short.

Sphere Entertainment saw a increase in short interest in the month of October. As of October 31st, there was short interest totaling 7,480,000 shares, an increase of 0.3% from the previous total of 7,460,000 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.

Sphere Entertainment currently has issued a total of 35,360,000 shares. Some of Sphere Entertainment'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. Sphere Entertainment currently has a public float of 27,170,000 shares.

27.53% of Sphere Entertainment's shares are currently sold short. Here is how the short interest of companies in the industry of "entertainment" compare to Sphere Entertainment: Life Time Group Holdings, Inc. (8.12%), Cedar Fair, L.P. (8.95%), Super Group Limited (0.47%), Manchester United plc (1.66%), Rush Street Interactive, Inc. (2.26%), Atlanta Braves Holdings, Inc. (2.73%), Genius Sports Limited (13.24%), Atlanta Braves Holdings, Inc. (5.84%), iQIYI, Inc. (10.62%), OneSpaWorld Holdings Limited (1.29%),

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 SPHR is an investing strategy that aims to generate trading profit from Sphere Entertainment as its price is falling. SPHR shares are trading up $0.60 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 Sphere Entertainment 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 SPHR, 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 SPHR, twice per month. The most recent reporting period available is October, 31 2024.