Here's an overview of Coinbase Global, Inc. (COIN) short interest, drawing directly from Fintel's data.
COIN Short Interest Snapshot
As of the latest available data, Coinbase (COIN) exhibits the following key short interest metrics:
- Total Short Interest: There are 13,174,031 shares currently held short.1
- Short Interest % of Float: This represents 6.21% of COIN's free-floating shares.1
- Days to Cover: The current days to cover stands at 0.85 days.1 This metric indicates how many days it would theoretically take for short sellers to cover their positions, given the average daily trading volume. A lower number generally suggests less pressure for a short squeeze.
- Short Borrow Rate: The borrow rate for shorting COIN is 0.36%.2 This is the annualized fee that short sellers pay to borrow shares.
- Short Shares Available: There are approximately 5.10 million shares available to short.2
- Off-Exchange Short Volume: The off-exchange short volume is 3,887,357 shares, accounting for 45.22% of the total off-exchange volume.1 This highlights a significant portion of shorting activity occurring outside traditional exchanges.
While a short interest of 6.21% is not exceptionally high compared to some highly shorted stocks, it's always valuable to track these figures for any significant shifts. Fintel's platform allows for deeper dives into the historical trends of these metrics and provides a Short Squeeze Score, which integrates various factors to assess the potential for a short squeeze.
