Centric Brands (CTRC) Short Interest Ratio & Short Volume

Short interest is the volume of Centric Brands shares that have been sold short but have not yet been closed out or covered. As of May 15th, traders have sold 692,500 shares of CTRC short. 2.15% of Centric Brands' shares are currently sold short. Learn More on Centric Brands' 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. CTRC shares currently have a short interest ratio of 1.0. Learn More on Centric Brands's short interest ratio.

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. 2.15% of Centric Brands' floating shares are currently sold short.

Centric Brands saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 692,500 shares, an increase of 44.6% from the previous total of 478,800 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.

Centric Brands currently has issued a total of 59,057,000 shares. Some of Centric Brands' 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. Centric Brands currently has a public float of 32,280,000 shares.

2.15% of Centric Brands' shares are currently sold short. Here is how the short interest of companies compare to Centric Brands: MGO Global, Inc. (44.02%), Ever-Glory International Group, Inc. (0.02%), Perfect Moment Ltd. (0.21%), Jeffs' Brands Ltd. (1.36%), Treasure Global Inc. (7.64%), Token Cat Limited - Sponsored ADR (17.01%), Better Choice Company Inc. (4.00%), Adamas One Corp. (0.05%), Gaucho Group Holdings, Inc. (2.00%), Amazon.com, Inc. (0.65%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Charter Communications, Inc. ($4.57 billion), Match Group Inc. ($3.08 billion), Wayfair Inc. ($2.66 billion), The Clorox Company ($2.52 billion), The Charles Schwab Corporation ($2.39 billion), DexCom, Inc. ($2.39 billion), International Flavors & Fragrances Inc. ($1.88 billion), The Kroger Co. ($1.78 billion), Snap Inc. ($1.66 billion), and Sarepta Therapeutics, Inc. ($1.63 billion). View all of the most shorted stocks.

Short selling CTRC is an investing strategy that aims to generate trading profit from Centric Brands 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 Centric Brands 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 CTRC, 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 CTRC, twice per month. The most recent reporting period available is May, 15 2020.