Everspin Technologies (MRAM) Short Interest Ratio & Short Volume

Short interest is the volume of Everspin Technologies shares that have been sold short but have not yet been closed out or covered. As of April 15th, investors have sold 122,200 shares of MRAM short. 0.71% of Everspin Technologies' shares are currently sold short. Learn More on Everspin Technologies' 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. MRAM shares currently have a short interest ratio of 1.0. Learn More on Everspin Technologies's short interest ratio.

Companies that have a short interest as a percentage of float below 10% indicates positive investor sentiment and few short sellers. Stocks with a short interest percentage above 10% is considered high, suggesting some investors are pessimistic about the stock. Companies with a short interest percentage of 20% or more indicates widespread negative sentiment. 0.71% of Everspin Technologies' floating shares are currently sold short.

Everspin Technologies saw a increase in short interest in the month of April. As of April 15th, there was short interest totaling 122,200 shares, an increase of 15.4% from the previous total of 105,900 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.

Everspin Technologies currently has issued a total of 21,230,000 shares. Some of Everspin Technologies' outstanding shares are available for trading, while others are subject to various restrictions. The public float, also referred to as floating shares or "the float", are shares that publicly owned, unrestricted and available to trade on the open market. Everspin Technologies currently has a public float of 17,150,000 shares.

0.71% of Everspin Technologies' shares are currently sold short. Here is how the short interest of companies compare to Everspin Technologies: Pixelworks, Inc. (0.96%), Kopin Co. (2.91%), LightPath Technologies, Inc. (0.26%), EMCORE Co. (0.81%), Intchains Group Limited (0.00%), System1, Inc. (1.77%), Information Services Group, Inc. (0.48%), DLH Holdings Corp. (0.31%), RCM Technologies, Inc. (4.12%), Bit Digital, Inc. (25.16%),

As of the most recent reporting period, the following stocks had the largest short interest positions: T-Mobile US, Inc. ($3.70 billion), Occidental Petroleum Co. ($3.52 billion), Charter Communications, Inc. ($3.14 billion), General Motors ($2.68 billion), Coinbase Global, Inc. ($2.57 billion), Moderna, Inc. ($2.18 billion), Tractor Supply ($2.10 billion), Royal Caribbean Cruises Ltd. ($1.91 billion), TC Energy Co. ($1.90 billion), and Williams-Sonoma, Inc. ($1.78 billion). View all of the most shorted stocks.

Short selling MRAM is an investing strategy that aims to generate trading profit from Everspin Technologies as its price is falling. MRAM shares are trading down $0.12 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 Everspin Technologies occurs when it has a large amount of short interest and its stock increases in price. This forces short sellers to cover their short interest positions by buying actual shares of MRAM, 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 MRAM, twice per month. The most recent reporting period available is April, 15 2024.