Zscaler, Inc. Common Stock

Zscaler's 10.08% short interest sits notably elevated for a software-as-a-service company, suggesting meaningful bearish conviction despite the stock trading 51.7 RSI—neutral technicals with no overbought signals. The absence of a P/E ratio indicates unprofitability, which combined with the significant short position, points to a company in transition that shorts are betting won't achieve sustainable earnings. At $19.0B market cap, the stock hasn't hit new highs recently, creating a technically vulnerable setup where negative catalysts could trigger forced short covering alongside legitimate sellers. The data suggests skepticism from the market about profitability timelines, though any surprising path to positive earnings could rapidly squeeze the above-average short position.