Ballard Power Systems Inc T.BLDP

Fairly big 20% drop in Ballard's Short Interest

[guarantor1]

Ballard Power Systems Short Interest Data

Ballard Power Systems (BLDP) has a short interest of 15.27 million shares, representing 6.22% of the float (the number of shares available for trading by the public). This marks a -20.09% decrease in short interest from Sept 13. The short interest ratio (days to cover) is 5.4, indicating that it would take 5.4 days of the average trading volume of 2.80 million shares to cover all short positions.

Current Short Interest

15,270,000 shares

Previous Short Interest

19,110,000 shares

Change Vs. Previous Month

-20.09%

Dollar Volume Sold Short

$27.49 million

Short Interest Ratio

5.4 Days to Cover

Last Record Date

September 30, 2024

Outstanding Shares

299,410,000 shares

Float Size

245,650,000 shares

Short Percent of Float

6.22%

Today's Trading Volume

1,383,737 shares

Average Trading Volume

2,795,251 shares

Today's Volume Vs. Average

[guarantor1]

Why the cover ? Maybe 1 Technically, looks like strong resistance at the mid $2.20's 2. Politically, a Short doesn't want the risk of a Harris win, which could  possibly whipsaw the sector 3. Plain old speculative rumors that someone big is eyeballing the cash, and thinking of  some type of amalgamation Just maybe, eh