Short interest in Envela Corp (AMEX:ELA) increased during the last reporting period, rising from 120.00K to 123.45K. This put 1.87% of the company's publicly available shares short.

Short interest for Envela gives investors a sense of the degree to which investors are betting on the decline of Envela's stock. Short interest data is updated every two weeks.

Based on the recent average volume of 22.07K shares traded per day, it would take 5.59 day(s) for holders of this short interest to close out their positions without sending the stock sharply higher.