Citi Trends (CTRN) Short Interest Ratio & Short Volume

Short interest is the volume of Citi Trends shares that have been sold short but have not yet been closed out or covered. As of November 15th, traders have sold 876,100 shares of CTRN short. 10.71% of Citi Trends' shares are currently sold short. Learn More on Citi Trends' 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. CTRN shares currently have a short interest ratio of 12.0. Learn More on Citi Trends's short interest ratio.

As of the most recent reporting period, the following institutional investors, funds, and major shareholders have reported short positions of Citi Trends: Concourse Financial Group Securities Inc.. These positions are disclosed in Form 13F filings with the Securities and Exchange Commission.

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. 10.71% of Citi Trends' floating shares are currently sold short.

Citi Trends saw a decline in short interest in November. As of November 15th, there was short interest totaling 876,100 shares, a decline of 1.2% from the previous total of 886,800 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.

Citi Trends currently has issued a total of 8,564,000 shares. Some of Citi Trends' 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. Citi Trends currently has a public float of 8,180,000 shares.

10.71% of Citi Trends' shares are currently sold short. Here is how the short interest of companies compare to Citi Trends: Tilly's, Inc. (2.40%), Duluth Holdings Inc (4.98%), Genesco Inc. (9.47%), Express, Inc. (12.46%), Zumiez Inc. (4.83%), Vince Holding Corp. (0.91%), Shoe Carnival, Inc. (10.86%), Torrid Holdings Inc. (1.74%), Vera Bradley, Inc. (2.52%), Rocky Brands, Inc. (8.08%),

As of the most recent reporting period, the following stocks had the largest short interest positions: RTX Co. ($7.24 billion), T-Mobile US, Inc. ($4.02 billion), Charter Communications, Inc. ($3.72 billion), Occidental Petroleum Co. ($2.80 billion), Lululemon Athletica Inc. ($2.48 billion), Coinbase Global, Inc. ($2.38 billion), Tractor Supply ($2.35 billion), Rivian Automotive, Inc. ($1.79 billion), Royal Caribbean Cruises Ltd. ($1.73 billion), and Moderna, Inc. ($1.71 billion). View all of the most shorted stocks.

Short selling CTRN is an investing strategy that aims to generate trading profit from Citi Trends as its price is falling. CTRN shares are trading down $0.76 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 Citi Trends 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 CTRN, 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 CTRN, twice per month. The most recent reporting period available is November, 15 2023.