Skkynet Cloud Systems (SKKY) Short Interest Ratio & Short Volume

Short interest is the volume of Skkynet Cloud Systems shares that have been sold short but have not yet been closed out or covered. As of October 31st, investors have sold 100 shares of SKKY short. Learn More on Skkynet Cloud Systems' current short interest.

Skkynet Cloud Systems saw a drop in short interest in October. As of October 31st, there was short interest totaling 100 shares, a drop of 80.0% from the previous total of 500 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 "computer software" compare to Skkynet Cloud Systems: AGM Group Holdings Inc. (0.22%), Baijiayun Group Ltd (0.11%), Constellation Software Inc. (0.16%).

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 SKKY is an investing strategy that aims to generate trading profit from Skkynet Cloud Systems 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 Skkynet Cloud Systems occurs when it has a large amount of short interest and its stock appreciates in price. This forces short sellers to cover their short interest positions by buying actual shares of SKKY, 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 SKKY, twice per month. The most recent reporting period available is October, 31 2024.