Short Volatility Alert: Academy Sports and Outdoors, Inc.


On Friday, shares of Academy Sports and Outdoors, Inc. ASO saw volatile short activity. After the activity, the stock price fell -0.28% to $43.45.

The general feeling for ASO was Bullish.

The volatility alert signal is trending Bearish. Therefore, the recommendation is to Strong sale.

The volatility alert was produced on the previous trade date, 07/22/2022, with a volatility change of +29.02%. The current volatility indicator stands at 7.051.

Insight: The Securities Lending Volatility Indicator is produced by Tidal Markets, in partnership with Benzinga Insights. Securities lending is primarily used to provide liquidity to short sellers. When unusual activity occurs in the securities lending markets, it acts as a forward indicator of what is likely to occur downstream in the ordinary stock market.

Understanding the volatility alert: General sentiment is considered “bearish” when the security’s general market activity has been shown to indicate a negative directional basis, or is considered “bullish” when it indicates a positive directional basis. The Securities Lending Volatility Indicator provides a signal when it detects unusual short activity. Unusual short activity is based on a computer-generated algorithmic formula using securities lending transaction details such as the volume of shares sold short, the rate paid to short the shares and the type of collateral posted – among other variables. The current volatility is the calculated value of the securities lending volatility for the respective trading day. Volatility percentage change is the difference in volatility percentage between the two most recent days. The recommendation is a suggestive strategy, inferred from the strength of the signal trend, the current volatility and the percentage change in volatility. Recommendations may include ‘Buy Strong’, ‘Sell Strong’, ‘Increase Short Exposure’, ‘Decrease Short Exposure’ or ‘Market Neutral’.



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