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NASDAQ:ALGM

Allegro MicroSystems - ALGM Short Interest Ratio & Short Volume

$47.37
+1.61 (+3.52%)
(As of 03/23/2023 12:00 AM ET)
Add
Compare
Today's Range
$46.26
$48.30
50-Day Range
$31.43
$47.37
52-Week Range
$19.20
$48.30
Volume
2.00 million shs
Average Volume
1.60 million shs
Market Capitalization
$9.07 billion
P/E Ratio
61.52
Dividend Yield
N/A
Price Target
$48.00

Allegro MicroSystems Short Interest Data

Current Short Volume
6,620,000 shares
Previous Short Volume
7,090,000 shares
Change Vs. Previous Month
-6.63%
Dollar Volume Sold Short
$289.16 million
Short Interest Ratio / Days to Cover
4.2
Last Record Date
February 28, 2023
Outstanding Shares
191,510,000 shares
Float Size
69,630,000 shares
Short Percent of Float
9.51%
Today's Trading Volume
1,998,027 shares
Average Trading Volume
1,598,057 shares
Today's Volume Vs. Average
25.03%
cover of A Guide to High-Short-Interest Stocks and How to Trade Them ebook
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ALGM Short Interest Over Time

ALGM Days to Cover Over Time

ALGM Percentage of Float Shorted Over Time

Allegro MicroSystems (NASDAQ:ALGM) Short Interest History

Report DateTotal Shares Sold ShortDollar Volume Sold ShortChange from Previous ReportPercentage of Float ShortedDays to CoverPrice on Report Date
2/28/20236,620,000 shares $289.16 million -6.6%9.5%4.2 $43.68
2/15/20237,090,000 shares $325.57 million -2.3%10.2%4.6 $45.92
1/31/20237,260,000 shares $277.11 million +5.5%10.5%4.9 $38.17
1/15/20236,880,000 shares $232.13 million +7.5%10.7%5.9 $33.74
12/30/20226,400,000 shares $192.13 million +30.6%10.0%6 $30.02
12/15/20224,900,000 shares $150.04 million +15.8%7.6%4.6 $30.62
11/30/20224,230,000 shares $131.72 million +5.5%6.6%5.2 $31.14
11/15/20224,010,000 shares $117.37 million +35.5%6.2%5.8 $29.27
10/31/20222,960,000 shares $75.21 million +14.3%4.6%5.2 $25.41
10/15/20222,590,000 shares $52.34 million +5.7%4.0%5 $20.21
9/30/20222,450,000 shares $53.53 million +8.4%3.8%4.9 $21.85
9/15/20222,260,000 shares $50.80 million +3.7%3.5%4.8 $22.48
8/31/20222,180,000 shares $50.84 million +5.8%3.4%4.7 $23.32
8/15/20222,060,000 shares $54.55 million -5.9%3.2%3.9 $26.48
7/31/20222,190,000 shares $54.38 million -3.1%3.4%3.6 $24.83
7/15/20222,260,000 shares $47.82 million -1.3%3.6%3.8 $21.16
6/30/20222,290,000 shares $47.38 million -2.1%3.6%3.8 $20.69
6/15/20222,340,000 shares $51.55 million -6.4%3.7%3.8 $22.03
5/31/20222,500,000 shares $64.38 million -1.6%3.9%4.3 $25.75
5/15/20222,540,000 shares $59.99 million -2.7%4.0%4.8 $23.62
4/30/20222,610,000 shares $63.45 million -3.3%4.1%5.5 $24.31
4/15/20222,700,000 shares $64.75 million -5.3%4.2%5 $23.98
3/31/20222,850,000 shares $80.94 million +1.4%4.4%4.9 $28.40
3/15/20222,810,000 shares $72.81 million -4.1%4.4%4.3 $25.91
2/28/20222,930,000 shares $84.00 million -0.3%4.6%4.1 $28.67
2/15/20222,940,000 shares $85.35 million +2.4%4.6%3.9 $29.03
1/31/20222,870,000 shares $81.45 million +1.8%4.5%3.6 $28.38
1/15/20222,820,000 shares $86.74 million -2.1%4.4%3.3 $30.76
12/31/20212,880,000 shares $104.20 million +12.9%4.5%3.6 $36.18
12/15/20212,550,000 shares $88.49 million -4.9%4.0%3.5 $34.70
11/30/20212,680,000 shares $83.70 million +15.0%4.2%3.5 $31.23
11/15/20212,330,000 shares $77.08 million -15.6%3.7%3.2 $33.08
10/29/20212,760,000 shares $92.07 million +6.6%4.4%3.9 $33.36
10/15/20212,590,000 shares $81.20 million +8.8%4.8%4.5 $31.35
9/30/20212,380,000 shares $76.06 million +20.8%4.4%4.2 $31.96
9/15/20211,970,000 shares $71.83 million +16.6%3.6%3.4 $36.46
8/31/20211,690,000 shares $50.78 million +16.6%3.1%3.6 $30.05
8/13/20211,450,000 shares $42.91 million No Change2.7%2.9 $29.59
7/30/20211,450,000 shares $39.74 million -5.2%2.7%2.5 $27.41
7/15/20211,530,000 shares $39.83 million -2.6%2.9%2.5 $26.03













ALGM Short Interest - Frequently Asked Questions

What is Allegro MicroSystems' current short interest?

Short interest is the volume of Allegro MicroSystems shares that have been sold short but have not yet been closed out or covered. As of February 28th, investors have sold 6,620,000 shares of ALGM short. 9.51% of Allegro MicroSystems' shares are currently sold short. Learn More on Allegro MicroSystems' current short interest.

What is a good short interest ratio for Allegro MicroSystems?

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. ALGM shares currently have a short interest ratio of 4.0. Learn More on Allegro MicroSystems's short interest ratio.

Which institutional investors are shorting Allegro MicroSystems?

As of the most recent reporting period, the following institutional investors, funds, and major shareholders have reported short positions of Allegro MicroSystems: Summit Partners Public Asset Management LLC, Susquehanna International Group LLP, Group One Trading L.P., and Concourse Financial Group Securities Inc.. These positions are disclosed in Form 13F filings with the Securities and Exchange Commission.

What is a good short interest percentage for Allegro MicroSystems?

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. 9.51% of Allegro MicroSystems' floating shares are currently sold short.

Is Allegro MicroSystems' short interest increasing or decreasing?

Allegro MicroSystems saw a drop in short interest in February. As of February 28th, there was short interest totaling 6,620,000 shares, a drop of 6.6% from the previous total of 7,090,000 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.

What is Allegro MicroSystems' float size?

Allegro MicroSystems currently has issued a total of 191,510,000 shares. Some of Allegro MicroSystems' 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. Allegro MicroSystems currently has a public float of 69,630,000 shares.

How does Allegro MicroSystems' short interest compare to its competitors?

9.51% of Allegro MicroSystems' shares are currently sold short. Here is how the short interest of companies in the industry of "semiconductors & related devices" compare to Allegro MicroSystems: Qorvo, Inc. (2.64%), Amkor Technology, Inc. (4.17%), Cirrus Logic, Inc. (3.05%), Silicon Laboratories Inc. (7.89%), MACOM Technology Solutions Holdings, Inc. (3.79%), Lattice Semiconductor Co. (4.29%), Rambus Inc. (2.78%), Power Integrations, Inc. (5.84%), Tower Semiconductor Ltd. (0.66%), and Synaptics Incorporated (4.90%).

Which stocks are the most shorted right now?

As of the most recent reporting period, the following stocks had the largest short interest positions: Suncor Energy Inc. ($3.27 billion), Occidental Petroleum Co. ($2.77 billion), Coinbase Global, Inc. ($2.25 billion), T. Rowe Price Group, Inc. ($2.23 billion), Paramount Global ($1.92 billion), Etsy, Inc. ($1.75 billion), Voya Financial, Inc. ($1.74 billion), CarMax, Inc. ($1.62 billion), Old Dominion Freight Line, Inc. ($1.62 billion), and Royal Caribbean Cruises Ltd. ($1.39 billion). View all of the most shorted stocks.

What does it mean to sell short Allegro MicroSystems stock?

Short selling ALGM is an investing strategy that aims to generate trading profit from Allegro MicroSystems as its price is falling. ALGM shares are trading up $1.95 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.

How does a short squeeze work against Allegro MicroSystems?

A short squeeze for Allegro MicroSystems occurs when it has a large amount of short interest and its stock increases in price. This forces short sellers to cover their short interest positions by buying actual shares of ALGM, which in turn drives the price of the stock up even further.

How often is Allegro MicroSystems' short interest reported?

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including ALGM, twice per month. The most recent reporting period available is February, 28 2023.



This page (NASDAQ:ALGM) was last updated on 3/23/2023 by MarketBeat.com Staff