Mar 3, 2016

Posted by in Stock Reports | 0 Comments

Tracking short-interest levels in 3 NASDAQ stocks: QLogic Corp. (QLGC), Five Below, Inc. (FIVE), Kona Grill Inc. (KONA)

Tracking short-interest levels in 3 NASDAQ stocks: QLogic Corp. (QLGC), Five Below, Inc. (FIVE), Kona Grill Inc. (KONA)

Short interest is a direct consequence of short sales, which are governed by special rules and regulations. Short interest is an important indicator that helps you measure investor sentiment about a particular stock or the market in general. Like many financial measures, short interest must be evaluated within the broader context and can mean different things under different circumstances.

Brokerages must report all short sales to the legal authorities, who keep track and publish a figure called short interest. This figure is the sum of all shares that have been borrowed to sell short but have not been replaced. The short interest ratio equals short interest, divided by the average daily volume of the stock.

All shares that have been shorted must be bought back eventually. In fact, most short sales are covered relatively soon, as waiting too long may result in the original owner attempting to sell the shares. When this happens, the brokerage may either try to locate other shares to borrow or force the short seller to immediately buy back the stock. The short interest ratio tells you how quickly the short sellers can, in theory, cover their short positions.

As of 12/02/2016 short interest for QLogic Corp. (QLGC) stood at 2227064 shares, a decrease of -1183301 shares or -53.13 percent compared to 3410365 shares on 29/01/2016. This short interest comprises 3 percent of the entire float. Short interest ratio now stands at 2.23 at the average volume of 996456 shares.

According to the latest short-interest data for the two-week period ended 12/02/2016 short interest for the stock of Five Below, Inc. (FIVE) decreased from 12915490 shares at the end of the settlement date of 29/01/2016 to 12178809 shares, marking a decline of -736681 shares or -6.05 percent. The current short interest accounts for 23.09 percent of the company’s total outstanding common shares and the days-to-cover short interest ratio, on the other hand, is 11.320258 as of 12/02/2016 assuming average daily trading volume of 1075842 shares.

Short interest for the shares of Kona Grill Inc. (KONA) rose 3.04 percent from 1827802 shares on 29/01/2016 to 1885199 shares on 12/02/2016. Investors have taken short positions on 19 percent of the total common shares of the stock that are floating on the exchange. The days-to-cover short interest ratio is now at 11.818614 days. It is based on average daily trading volume of 159511 shares.

 

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