joby aviation inc common stocks nysejoby short percent of float has risen 748 since its last report the company recently reported that it has 2774 million shares sold short which is 948 of all regular shares that are available for trading based on its trading volume it would take traders 54 days to cover their short positions on average short interest is the number of shares that have been sold short but have not yet been covered or closed out short selling is when a trader sells shares of a company they do not own with the hope that the price will fall traders make money from short selling if the price of the stock falls and they lose if it rises short interest is important to track because it can act as an indicator of market sentiment towards a particular stock an increase in short interest can signal that investors have become more bearish while a decrease in short interest can signal they have become more bullish see also list of the most shorted stocks as you can see from the chart above the percentage of shares that are sold short for joby aviation inc common stock has grown since its last report this does not mean that the stock is going to fall in the nearterm but traders should be aware that more shares are being shorted comparing joby aviation inc common stocks short interest against its peers peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing a companys peer is another company that has similar characteristics to it such as industry size age and financial structure you can find a companys peer group by reading its 10k proxy filing or by doing your own similarity analysis according to benzinga pro joby aviation inc common stocks peer group average for short interest as a percentage of float is 832 which means the company has more short interest than most of its peers did you know that increasing short interest can actually be bullish for a stock this post by benzinga money explains how you can profit from it this article was generated by benzingas automated content engine and was reviewed by an editor