Sharps Technology (STSS) Short Interest Ratio & Short Volume

Short interest is the volume of Sharps Technology shares that have been sold short but have not yet been closed out or covered. As of April 30th, investors have sold 181,000 shares of STSS short. 1.27% of Sharps Technology's shares are currently sold short. Learn More on Sharps Technology'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. STSS shares currently have a short interest ratio of 1.0. Learn More on Sharps Technology'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. 1.27% of Sharps Technology's floating shares are currently sold short.

Sharps Technology saw a decline in short interest in the month of April. As of April 30th, there was short interest totaling 181,000 shares, a decline of 48.7% from the previous total of 352,700 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.

Sharps Technology currently has issued a total of 15,670,000 shares. Some of Sharps Technology's 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. Sharps Technology currently has a public float of 14,300,000 shares.

1.27% of Sharps Technology's shares are currently sold short. Here is how the short interest of companies in the sector of "medical" compare to Sharps Technology: Tenon Medical, Inc. (0.66%), INVO Bioscience, Inc. (1.21%), Quoin Pharmaceuticals, Ltd. (0.26%), Assure Holdings Corp. (0.84%), Venus Concept Inc. (0.56%), Aethlon Medical, Inc. (3.04%), ReShape Lifesciences Inc. (1.68%), Dynatronics Co. (2.09%), Bluejay Diagnostics, Inc. (3.91%), Vapotherm, Inc. (9.92%),

As of the most recent reporting period, the following stocks had the largest short interest positions: T-Mobile US, Inc. ($3.98 billion), Occidental Petroleum Co. ($3.35 billion), Charter Communications, Inc. ($3.06 billion), General Motors ($2.88 billion), Moderna, Inc. ($2.32 billion), Tractor Supply ($2.27 billion), Royal Caribbean Cruises Ltd. ($2.22 billion), Coinbase Global, Inc. ($2.18 billion), Williams-Sonoma, Inc. ($1.95 billion), and Chesapeake Energy Co. ($1.52 billion). View all of the most shorted stocks.

Short selling STSS is an investing strategy that aims to generate trading profit from Sharps Technology as its price is falling. 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 Sharps Technology 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 STSS, 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 STSS, twice per month. The most recent reporting period available is April, 30 2024.