BigBear.ai Holdings, Inc. (BBAI) shows notable short interest, which could be a point of discussion for those tracking potential short squeeze candidates.
Here's a look at some key short-related metrics for BBAI:
- Short Interest: The reported short interest for BBAI stands at approximately 69.09 million shares.1
- Short Interest % Float: This represents a significant portion of the company's publicly traded shares, with 23.97% of the float currently sold short.1 A high percentage of float shorted often indicates strong bearish sentiment on the stock.
- Days to Cover: At 1.04 days, the "days to cover" ratio is relatively low.1 This metric estimates how many days it would take for short sellers to buy back all borrowed shares, given the average daily trading volume. A lower number suggests that short positions could be covered quickly, potentially limiting the impact of a short squeeze if buying pressure were to emerge.
- Borrow Rate: The annual borrow rate for BBAI is 2.96%.1 This is the cost short sellers pay to hold their positions.
- Short Shares Available: There are approximately 0.10 million shares available to be shorted at a leading prime brokerage, indicating potentially limited supply for new short positions.1
- Off-Exchange Short Volume: A substantial 24.21 million shares of BBAI's short volume occurred off-exchange, representing 44.83% of the total short volume.2
While the high short interest percentage of float suggests BBAI could be a stock to watch for short squeeze potential, the low days to cover ratio indicates that short covering might not generate a prolonged buying frenzy unless there's a significant increase in trading volume.
You can find more detailed short interest data, including historical trends and Fintel's proprietary Short Squeeze Score, on the BBAI page on Fintel.io.
