Industrial and Commercial Bank of China (IDCBY) Short Interest Ratio & Short Volume

Short interest is the volume of Industrial and Commercial Bank of China shares that have been sold short but have not yet been closed out or covered. As of April 30th, traders have sold 51,500 shares of IDCBY short. Learn More on Industrial and Commercial Bank of China's current short interest.

Industrial and Commercial Bank of China saw a increase in short interest during the month of April. As of April 30th, there was short interest totaling 51,500 shares, an increase of 16.0% from the previous total of 44,400 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 Industrial and Commercial Bank of China: Wells Fargo & Company (1.11%), Citigroup Inc. (1.42%), Bank of America Co. (0.92%), DBS Group Holdings Ltd (0.00%), Intesa Sanpaolo S.p.A. (0.00%), National Australia Bank Limited (0.00%), UniCredit S.p.A. (0.00%), U.S. Bancorp (1.27%), The PNC Financial Services Group, Inc. (1.12%), Capital One Financial Co. (3.29%),

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 IDCBY is an investing strategy that aims to generate trading profit from Industrial and Commercial Bank of China as its price is falling. IDCBY shares are trading up $0.06 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 Industrial and Commercial Bank of China 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 IDCBY, 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 IDCBY, twice per month. The most recent reporting period available is April, 30 2024.