FirstGroup (FGROY) Short Interest Ratio & Short Volume

Short interest is the volume of FirstGroup shares that have been sold short but have not yet been covered or closed out. As of April 30th, traders have sold 1,600 shares of FGROY short. Learn More on FirstGroup'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. FGROY shares currently have a short interest ratio of 5.0. Learn More on FirstGroup's short interest ratio.

FirstGroup saw a drop in short interest in April. As of April 30th, there was short interest totaling 1,600 shares, a drop of 30.4% from the previous total of 2,300 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 "transportation" compare to FirstGroup: International Distributions Services plc (0.00%), Hertz Global Holdings, Inc (23.67%), Danaos Co. (4.49%), Costamare Inc. (3.20%), The Greenbrier Companies, Inc. (6.57%), Marten Transport, Ltd. (1.41%), Navios Maritime Partners L.P. (1.02%), ZIM Integrated Shipping Services Ltd. (22.55%), Frontier Group Holdings, Inc. (10.20%), Dorian LPG Ltd. (9.90%),

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 FGROY is an investing strategy that aims to generate trading profit from FirstGroup 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 FirstGroup 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 FGROY, 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 FGROY, twice per month. The most recent reporting period available is April, 30 2024.