Gerdau S.A. (NYSE:GGB) Sees Significant Growth in Short Interest
MarketBeat
Gerdau S.A. (NYSE:GGB - Get Free Report) was the recipient of a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 21,230,000 shares, an increase of 134.1% from the August 15th total of 9,070,000 shares. Currently, 1.7% of the company's shares are sold short. Based on an average daily volume of 12,240,000 shares, the days-to-cover ratio is presently 1.7 days. Based on an average daily volume of 12,240,000 shares, the days-to-cover ratio is presently 1.7 days. Currently, 1.7% of the company's shares are sold short.
NYSE:GGB
