Boingo Wireless Inc Short ratio
What is the Short ratio of Boingo Wireless Inc?
The Short ratio of Boingo Wireless Inc is 1.73
What is the definition of Short ratio?
Short ratio is the number of shares sold short divided by the average daily volume.
= short interest / average daily volume
Short ratio is calculated by dividing the number of shares sold short by the average daily trading volume, generally over the last 30 trading days. The ratio represents the number of days it takes short sellers on average to repurchase all the borrowed shares. The ratio is used by both fundamental and technical traders to identify trends.
The percentage represents the number of days it takes short sellers on average to repurchase all the borrowed shares. Short selling is the practice of selling securities or other financial instruments that are not currently owned, and subsequently repurchasing them. In the event of an interim price decline, the short seller profits, since the cost of (re)purchase is less than the proceeds received upon the initial (short) sale. Conversely, the short position closes out at a loss if the price of a shorted instrument rises prior to repurchase. A high short ratio can be an indicator that there will be some buying pressure on the security that would increase its price.
Short ratio of companies in the Communication Services sector on NASDAQ compared to Boingo Wireless Inc
What does Boingo Wireless Inc do?
Boingo Wireless, Inc. helps the world stay connected. Its vast footprint of DAS, Wi-Fi and small cells reaches more than a billion people annually, making Boingo one of the largest providers of indoor wireless networks. People will find Boingo connecting people and things at airports, stadiums, military bases, convention centers, multifamily communities, and commercial properties.
Companies with short ratio similar to Boingo Wireless Inc
- Nuveen Select Tax-Free Income Portfolio 3 has Short ratio of 1.72
- United Insurance Corp has Short ratio of 1.72
- Salisbury has Short ratio of 1.72
- Clairvest has Short ratio of 1.72
- TPG Pace Beneficial Finance has Short ratio of 1.72
- Gates Industrial plc has Short ratio of 1.72
- Boingo Wireless Inc has Short ratio of 1.73
- Acacia Research Corp has Short ratio of 1.74
- Natural Grocers by Vitamin Cottage Inc has Short ratio of 1.74
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- PolyPid has Short ratio of 1.74
- Central Puerto has Short ratio of 1.74
- Brookfield Property Partners L.P has Short ratio of 1.74