MFS Intermediate High Income Fund (CIF) Short Interest Ratio & Short Volume

Short interest is the volume of MFS Intermediate High Income Fund shares that have been sold short but have not yet been covered or closed out. As of May 15th, investors have sold 31,100 shares of CIF short. Learn More on MFS Intermediate High Income Fund's current short interest.

The short interest ratio, also known as the "days to cover ratio", is calculated by dividing the number of shares of a stock sold short divided by its average trading volume. A short interest ratio ranging between 1 and 4 generally indicates strong positive sentiment about a stock and a lack of short sellers. A short interest ratio of 10 or greater indicates strong pessimism about a stock. CIF shares currently have a short interest ratio of 1.0. Learn More on MFS Intermediate High Income Fund's short interest ratio.

MFS Intermediate High Income Fund saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 31,100 shares, an increase of 108.7% from the previous total of 14,900 shares. Changes in short volume can be used to identify positive and negative investor sentiment. Investors that short sell a stock are betting that its price will decline in the future. An increase in short sale volume suggests bearish (negative) sentiment among investors. A decrease on short sale volume suggests bullish (positive) sentiment.

Here is how the short interest of companies in the sector of "finance" compare to MFS Intermediate High Income Fund: Nuveen Missouri Quality Municipal Income Fund (0.80%), The Herzfeld Caribbean Basin Fund Inc. (0.40%), The European Equity Fund, Inc. (0.00%), The Central and Eastern Europe Fund, Inc. (0.05%), The Gabelli Convertible and Income Securities Fund Inc. (0.15%), DTF Tax-Free Income 2028 Term Fund Inc. (0.04%), Abrdn Japan Equity Fund Inc (0.10%), Nuveen California Select Tax-Free Income Portfolio (0.22%), Nuveen Municipal Income Fund, Inc. (0.17%), SuRo Capital Corp. (0.22%),

As of the most recent reporting period, the following stocks had the largest short interest positions: T-Mobile US, Inc. ($3.81 billion), Charter Communications, Inc. ($3.30 billion), Occidental Petroleum Co. ($3.10 billion), General Motors ($2.84 billion), Moderna, Inc. ($2.77 billion), AppLovin Co. ($2.22 billion), Royal Caribbean Cruises Ltd. ($2.22 billion), Coinbase Global, Inc. ($2.16 billion), Tractor Supply ($2.12 billion), and Williams-Sonoma, Inc. ($2.12 billion). View all of the most shorted stocks.

Short selling CIF is an investing strategy that aims to generate trading profit from MFS Intermediate High Income Fund as its price is falling. CIF shares are trading down $0.01 today. To short a stock, an investor borrows shares, sells them and buys the shares back on the public market later to return it to the lender. Short sellers are betting that a stock will decline in price. If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender. The difference between the sell price and the buy price is the trader's profit.

A short squeeze for MFS Intermediate High Income Fund occurs when it has a large amount of short interest and its stock appreciates in price. This forces short sellers to cover their short interest positions by buying actual shares of CIF, which in turn drives the price of the stock up even further.

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including CIF, twice per month. The most recent reporting period available is May, 15 2024.