Nasdaq Announces End of Month Open Short Interest Positions in Nasdaq Stocks as of Settlement Date December 29, 2023
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Insights
The reported decline in short interest for Nasdaq Global Market securities indicates a potential shift in market sentiment or strategy among investors. Short interest is often viewed as a barometer for investor pessimism, with higher figures suggesting a bearish outlook. The decrease from 10,832,646,277 shares to 10,419,434,627 shares suggests that investors may be less inclined to bet against these securities, possibly anticipating improved performance or reduced market volatility.
Furthermore, the decrease in the average days to cover from 2.88 to 2.60 days suggests that any potential short squeeze situations could resolve more quickly. This information is critical for investors who track short interest as part of their investment strategy, as it can signal changes in market trends and risk profiles.
An analysis of the short interest data reveals a contraction in the total number of shares sold short across Nasdaq securities. This contraction could be indicative of a broader market recovery or a sector-specific rebound. Investors and analysts should consider the context of this data in relation to recent market events, earnings reports and economic indicators to fully understand the drivers behind these changes.
It's also important to note the consistency in the Nasdaq Capital Market's average daily volume figure at 1.00 day. This stability is a sign that, despite fluctuations in short interest, the liquidity and trading velocity in smaller-cap stocks remain constant, which is a positive sign for market health.
The short interest data provides insight into the broader economic environment. A reduction in short interest may suggest that investors are gaining confidence in the economy or in particular sectors. This could be due to various factors such as positive economic data, policy changes, or industry advancements. The data should be analyzed in conjunction with other economic indicators to understand the potential impact on future market performance and economic growth.
Additionally, the short interest ratio, which measures the number of days it takes to cover short positions based on average daily volume, has decreased. This metric can be a leading indicator of market liquidity and investor confidence. A lower ratio may imply that the market is less susceptible to volatility caused by short-covering rallies, which could lead to a more stable trading environment.
NEW YORK, Jan. 10, 2024 (GLOBE NEWSWIRE) -- At the end of the settlement date of December 29, 2023, short interest in 3,166 Nasdaq Global MarketSM securities totaled 10,419,434,627 shares compared with 10,832,646,277 shares in 3,191 Global Market issues reported for the prior settlement date of December 15, 2023. The end of December short interest represent 2.60 days average daily Nasdaq Global Market share volume for the reporting period, compared with 2.88 days for the prior reporting period.
Short interest in 1,717 securities on The Nasdaq Capital MarketSM totaled 1,955,740,100 shares at the end of the settlement date of December 29, 2023 compared with 2,089,500,802 shares in 1,732 securities for the previous reporting period. This represents a 1.00 day average daily volume; the previous reporting period’s figure was 1.00.
In summary, short interest in all 4,883 Nasdaq® securities totaled 12,375,174,727 shares at the December 29, 2023 settlement date, compared with 4,923 issues and 12,922,147,079 shares at the end of the previous reporting period. This is 1.84 days average daily volume, compared with an average of 2.21 days for the previous reporting period.
The open short interest positions reported for each Nasdaq security reflect the total number of shares sold short by all broker/dealers regardless of their exchange affiliations. A short sale is generally understood to mean the sale of a security that the seller does not own or any sale that is consummated by the delivery of a security borrowed by or for the account of the seller.
For more information on Nasdaq Short interest positions, including publication dates, visit
http://www.nasdaq.com/quotes/short-interest.aspx or
http://www.nasdaqtrader.com/asp/short_interest.asp.
About Nasdaq:
Nasdaq (Nasdaq: NDAQ) is a leading global technology company serving corporate clients, investment managers, banks, brokers, and exchange operators as they navigate and interact with the global capital markets and the broader financial system. We aspire to deliver world-leading platforms that improve the liquidity, transparency, and integrity of the global economy. Our diverse offering of data, analytics, software, exchange capabilities, and client-centric services enables clients to optimize and execute their business vision with confidence. To learn more about the company, technology solutions, and career opportunities, visit us on LinkedIn, on X @Nasdaq, or at www.nasdaq.com.
Media Contact:
Camille Stafford
camille.stafford@nasdaq.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/80b02354-b2ee-44da-a616-cb8271d6e3af
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FAQ
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