Short Interest in Gerdau S.A. (NYSE:GGB) Grows By 82.8%
MarketBeat
Gerdau S.A. (NYSE:GGB - Get Free Report) was the target of a significant increase in short interest in July. As of July 31st, there was short interest totaling 18,660,000 shares, anincreaseof82.8% from the July 15th total of 10,210,000 shares. Approximately1.5% of the company's stock are short sold. Based on an average trading volume of 14,070,000 shares, the short-interest ratio is currently 1.3 days. Based on an average trading volume of 14,070,000 shares, the short-interest ratio is currently 1.3 days. Approximately1.5% of the company's stock are short sold.
NYSE:GGB
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