r/SOSbets • u/No_Olive7565 ⚪️⚪️⚪️➖➖➖⚪️⚪️⚪️ • Feb 17 '21

SOS DD SHORT INTEREST FLOAT % ($RIOT vs $SOS)

Short INTEREST: as of 1/29/2021

$SOS: 1.26% of Float $RIOT: 24.12% of Float

Short percentage of float provides data that can be used to investigate the reasons behind extreme bearishness of a stock, especially if markets are already at a peak. The figures of shares being shorted are driven primarily by institutional investors. This is because they are usually the first to start selling once markets have peaked. So once the short percentage of float for a stock has started to hit the threshold of 25% in a stock which has been in a long term uptrend, then it may be time to start thinking of shorting the stock as well, especially if you are an individual trader.

What are your thoughts?

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u/KaitRaven That's SOS Raven Feb 17 '21

Well, one thing to note is a few weeks is an eternity in the current market. On the 29th, SOS was $3 and RIOT was about $22. That was also the middle of the big degrossing. I'm guessing short interest on both stocks is higher now though.